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Whistle-blower blues.


SAN Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  officials have made numerous overtures to police themselves, yet it all appears rather hollow when the chief whistle-blower whis·tle·blow·er or whis·tle-blow·er or whistle blower  
n.
One who reveals wrongdoing within an organization to the public or to those in positions of authority: "The Pentagon's most famous whistleblower is . .
 in the city's billion-dollar pension fund scandal is rejected in her bid for reappointment reappointment Hospital practice The renewal of medical staff membership and privileges of a practitioner whose previous service on the medical staff has met the staff's standard of Pt care. See Appointment.  to the board overseeing the retirement fund.

Diann Shipione Diann Shipione (investment adviser and wife of businessman Pat Shea) is a former trustee of the San Diego, California City Employee's retirement pension board, credited with exposing unlawful underfunding of the pension fund and omissions in municipal bond sales. , who wanted to remain on the San Diego City Employees' Retirement System board, has been left off the panel during the City Council's selection process. Mayor Dick Murphy Richard M. (“Dick”) Murphy (b. December 16, 1942) is a former U.S. politician. He served as the 33rd Mayor of San Diego, California from 2000 to 2005 Early life
Murphy was born 1942 in Oak Park, Illinois.
 said he wanted a fresh slate of appointees, yet Shipione's snub sends another ominous message to whistle-blowers everywhere: We appreciate your conscientious effort to right the wrongs, now please go away.

There's no question Shipione was qualified to remain a member of the board. She works for UBS UBS Union Bank of Switzerland
UBS United Bible Societies
UBS United Blood Services
UBS United Buying Service
UBS Used Bookstore
UBS University Business Services
UBS Universal Building Society (UK)
UBS Ulaanbaatar Broadcasting System
 Financial Services as vice president of investments and has been a panel member since the late 1990s.

Yet since she called attention to the city employees' pension fund problems in public testimony in late 2002, Shipione has been subjected to ridicule and dubious attempts to make reappointment to the board nearly impossible.

Though she was often frustrated by the process and lack of cooperation, Shipione's evidence proved to be accurate. It eventually drew the attention of the national news corps, which stuck San Diego with the moniker (1) A name, title or alias. See alias.

(2) A COM object that is used to create instances of other objects. Monikers save programmers time when coding various types of COM-based functions such as linking one document to another (OLE). See COM and OLE.
 of "Enron-by-the-Sea."

Her accusations, along with the media attention, ultimately forced local politicians to admit there indeed was a severe problem with the pension fund.

It now appears that the 13-member pension board returns to ground zero. The new commitment to background checks and stringent rules also apparently caused two candidates to back out after their appointments to the panel.

Despite being roundly criticized, Shipione can leave her position as a pension board member knowing she did the right thing. The truth hurts, as both city officials and Shipione have learned. In this case, the truth was bruised, bloodied and bullied.
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Title Annotation:Commentary
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 28, 2005
Words:307
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