Of all the people selected to be part of Mayor Eric Garcetti's administration, perhaps none was less qualified than Emanuel Pleitez. The 31-year-old ran for mayor in 2013, garnering a measly 4 percent of the vote, and then endorsed Garcetti in the runoff. His reward was a spot on the L.A. Police and Fire Pension board, with notional authority over $15 billion in assets.
That he was not remotely qualified for such responsibility was evident from his campaign, during which he peddled a half-baked “pension buyout plan” to rescue the city from its financial ills. About the best you could hope for was that he would slow down, learn his subject, and make some modest contribution to the public good.
Well, no such luck. Pleitez tendered his resignation in July.
Pleitez hung around for just 10 months — long enough to burnish his resume, not long enough to learn anything about pensions. But that's par for the course for a guy who seems bound and determined to set a record for job-hopping.
In the decade since he left Stanford, Pleitez has had roughly 13 jobs, according to his LinkedIn page. It's actually more like 15, if you count running long-shot campaigns for Congress and mayor as a job. Among other things, he was a special assistant to Mayor Antonio Villaraigosa for four months, a special assistant in the U.S. Treasury Department for 14 months, and the chief strategy officer for Spokeo for 11 months. His longest stint was the not-quite two years he spent as an analyst at Goldman Sachs.
Pleitez is obviously quite good at getting jobs. Prospective employers seem to appreciate his mastery of the buzzy language of the corporate boardroom. During his confirmation hearing, Pleitez vowed to be a “thought leader in the pension space.” He's so good at getting jobs, in fact, that he doesn't stop once he's hired. At this point, any new employer has to ask whether it's worth the expense to print business cards for him.
Pleitez lists his current day job as an “edupreneur” — yes, really — at Qlovi, an unpronounceable startup in the education “space.” But that seems to be out of date. An autoreply from his email account said he would be off the grid for a few months for military training.
In his resignation letter to Garcetti, dated July 18, Pleitez said he had joined the U.S. Army Reserves.
The pension system is in great hands with the amazing staff and Commissioners providing prudent asset stewardship and exemplary fiduciary responsibility.
Thank you again for the opportunity to serve the City of Los Angeles and advance the health and retirement security of those who dedicate their careers to serve and protect our communities. I hope to be back in Los Angeles as soon as possible to continue serving our communities to the best of my abilities.
Translation: Pleitez for Senate 2016!