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Charles Cary, Teachers Retirement System chief investment officer: $430,148

 

Cary was one of a dozen folks at the Teachers Retirement System of Georgia who made more than $200,000 in 2007-08, according to www.Open.Georgia.gov. They include:

CARY,CHARLES W CHIEF INVESTMENT OFF $427,480.08 $2,668.55 TEACHERS RETIREMENT SYSTEM OF 2008
BOEDY,NANCIE H CO-CHIEF INVESTMENT $427,480.08 $2,989.79 TEACHERS RETIREMENT SYSTEM OF 2008
MAJURE,MICHAEL K DIRECTOR OF EQUITIES $335,733.34 $1,481.43 TEACHERS RETIREMENT SYSTEM OF 2008
HORKAN,THOMAS A DIRECTOR OF EQUITIES $335,733.34 $4,718.60 TEACHERS RETIREMENT SYSTEM OF 2008
HAROZ,DONALD P SR. EQUITY PORTFOLIO $255,020.64 $0.00 TEACHERS RETIREMENT SYSTEM OF 2008
WOLFERSBERGER,MATTHEW DIRECTOR OF RESEARCH $245,500.01 $0.00 TEACHERS RETIREMENT SYSTEM OF 2008
MATTKE,MARK SENIOR INVESTMENT AN $244,164.12 $0.00 TEACHERS RETIREMENT SYSTEM OF 2008
SHIPP,CLANTON C SENIOR INVESTMENT AN $235,740.01 $0.00 TEACHERS RETIREMENT SYSTEM OF 2008
LEONG,KAR M SENIOR INVESTMENT AN $225,533.26 $0.00 TEACHERS RETIREMENT SYSTEM OF 2008
CHRISMAN,KATHLEEN C SENIOR INVESTMENT AN $224,367.38 $0.00 TEACHERS RETIREMENT SYSTEM OF 2008
BUSCH,JO KAREN DIR OF INVESTMENT SV $221,166.66 $0.00 TEACHERS RETIREMENT SYSTEM OF 2008
PHILLIPS,BRENT D CHIEF TECHNOLOGY OFF $208,000.08 $1,771.89 TEACHERS RETIREMENT SYSTEM OF 2008

 

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2 Responses to “Charles Cary, Teachers Retirement System chief investment officer: $430,148”

  1. Lewis says:

    Interesting info, but can you tell us how the retirement funds performed during this period? If they did great, then maybe these people deserved the huge sums. If the funds poorly performed (i.e., underperformed the market), maybe new people are needed?
    P.S. In these situations, don’t they usually rely on outside investment firms to provide the basic research and recommendations?

  2. Gloria Lindsey says:

    Mr. Cary,

    Exactly what credentials do you have to earn such a tremendous salary??? I am a retired school teacher with a Master’s Degree and 30 years in the classroom —- I earn less than $40,000 per year. That just doesn’t seem fair at all to me.

    Sincerely,

    Gloria Lindsey from Georgia