Newsom Appoints Longtime Benefactor Guggenhime to SCIF Board

California Gov. Gavin Newsom appointed prominent San Francisco attorney and long-time financial backer Richard Guggenhime to the State Compensation Insurance Fund board of directors. Guggenhime, 79, will replace Robin Baker and serve a term that runs until 2024. The position does not require Senate confirmation and pays an annual salary of $60,797. Since 1998, the Guggenhime family has contributed $62,250 to the governor’s various political campaigns, according to a Los Angeles Times report from 2018 that included him among the eight elite San Francisco families who “fun...