NEW YORK -- Embattled city Comptroller John Liu has delivered a $16.56 million contract to the former vice president's environmentally-friendly investment firm, Generation Investment Management, to help manage hundreds of millions of dollars in city pension funds, the New York Post has learned.
The Comptroller's Office had previously awarded Gore's firm $12.8 million in pension-fund business under Liu's predecessor, Bill Thompson.
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For Democratic politicians like Liu and DiNapoli who want to burnish their credentials as environmentally responsible financial stewards, hiring Gore's firm is like hitting a home run, analysts say."There's a lot of pressure on pension funds to be environmentally sensitive. Gore's name and stature in the pension-fund community is invaluable -- particularly for Democrats. He's Al Gore!" said Bill Sannwald, a corporate governance and ethics professor at San Diego State University.
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