WILLIE BROWN ON CALIFORNIA: “The world is changing. Years ago it was the likes of Southern Pacific and other big businesses calling the shots in Sacramento, and we were all highly critical of them. These days it’s labor. That’s not the portrayal union leaders like to see in the media, but it’s the truth. Real reform would be barring labor leaders from sitting on state pension boards. The boards ought to be made up of money managers who are concerned with how much cash is going in and out of the fund. There is no justification for any trustee on a pension board being more interested in spreading benefits than paying for them.”