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Wellington Management Co. has had the contract to run this sector fund ever since Vanguard opened it 14 years ago.
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The big argument in favour of PFI used to run like this: private sector capital might be more expensive than public capital but super-efficient private sector managers would carry many of the risks away from taxpayers.
Wolfgang Dehen was then newly drafted from the Siemens automotive business to run the energy sector.
When Colonel Qaddafi was not making the decisions, one of his sons -- whom he has anointed to run various sectors of the country's economy -- often was.
This is unlikely to change: schools and hospitals spread out over a large area cost more to run, and public-sector employment is high.
The temptation is to run to defensive sectors: utilities, health care and consumer staples.
TTIP has also been accused of threatening the power of national governments to run their health sectors and other public services in their own way.
In December, Ms. Risasen was promoted to run Evry's public sector unit, overseeing 500 employees.
In 1996, Motorola brought Ruiz in to run its troubled Semiconductors Product Sector.
He said councils were being encouraged to look to the private sector to run services.
He said one option was inviting the private sector to run the pool - something Birmingham City Council has done.
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