State treasurer answers allegation of bullying
Fri, 11 Oct 2013 18:07:11 GMT —
State Treasurer Curtis Loftis says recent personal attacks against him will not stop him from his mission to protect South Carolina's retirement money.
The Retirement System Investment Commission met Friday to discuss an anti-bullying policy after the chairman of the board, which invests pension money for South Carolina workers, accused Loftis of bullying his staff with vulgar language and threats.
Board Chairman Reynolds Williams said Chief Operating Officer Darry Oliver complained earlier this month about a September 30 conference call.
Oliver said Loftis' tirade of foul language and name calling on that call were so bad he had to pull over to regain his composure.
Loftis is also a member of the board, which makes investments for the state's $27 billion pension portfolio.
Following Friday's meeting, Treasurer Loftis stated, "Mr. Oliver's statement concerning the phone call, as reported by various media outlets, is false."
Treasurer Loftis continued, "In today's special meeting of the Commission, I was silenced in what was a well-orchestrated effort to damage my mission to bring transparency and accountability to the underperforming $27 billon pension fund. This will not stop me and instead fuels my efforts further."
The Associated Press contributed to this report.