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But rather than go public with its concerns when it declined to participate in LJM3, Calpers privately explained its objections to Mr. Fastow, according to Ms. Macht.
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If an institutional investor, for example, holds a large position in a company's stock and objects to a proposal on that company's ballot, the institution is likely to call other large holders to explain its objection.
Christianity Today, in explaining its objection to the Becker Amendment, fretted that evangelical students in the northeast or Intermountain West might have to recite a Hail Mary or read from the Book of Mormon.
The studio was said to be citing concerns about scheduling and a tight timescale to explain its abandonment of Memphis, but Deadline speculates that objections from King's family may have played a part.
That explains its double-devaluation.
Can you explain its benefits?
Mayor Thomas Geisel has not explained his objections in detail, but his concern seemed focused on the listing, as part of the exhibition, of works that Stern's estate is seeking to recover, some of which are held by German museums.
Wheeling around the art studio in his high-tech motorized chair, Mr. Miethner explained his objections: "I just said, Bill, I've never painted in my life, I have no idea of color coordination or anything".
In an email this week, Pietsch said he wouldn't see the film and explained his objections.
Philip G. Zimbardo, emeritus professor of psychology, explained his objection to Mr. Rumsfeld's appointment as he rushed across campus to teach a class.
In a letter to the House of Representatives, Castle explained his objection, stating that the "goal in creating a new dollar coin is to make it more distinctive with a popular design that would encourage its wider use by the public".
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