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May 20, 2005

Report Criticizes TIAA-CREF

By ERIN STROUT

TIAA-CREF executives did not act in bad faith in handling two trustees' conflicts of interest with an independent auditor last year, but the pension giant's leaders did a poor job of managing the controversy, said an independent report released this month.

The 53-page document reports the results of an investigation by Nicholas deB. Katzenbach, a former U.S. attorney general. The Teachers Insurance and Annuity Association-College Retirement Equities Fund's Board of Overseers

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Past Coverage

2 TIAA-CREF Trustees Resign Over Conflicts of Interest With Auditor - December 17, 2004
TIAA-CREF Names New President and Board Chairman to Replace Herbert Allison - April 3, 2008
TIAA-CREF Chooses Former Merrill Lynch Executive as Its New Leader - October 18, 2002
A Pension Giant Reinvents Itself to Adapt to a Changing Market - June 30, 2000
Security Gap at TIAA-CREF Was Huge, Critics Say - August 11, 2006

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