After jobs planning strategy at Motorola, the Boston Consulting Group and Asea Brown Boveri, she joined PepsiCo in 1994.
The Alabama law that established the 457 plan grants ASEA the right to choose the plan provider for state employees.
At the center of Nationwide's relationship with ASEA is union president McArthur.
McArthur fixed that by negotiating the Nationwide commission and setting up a for-profit subsidiary owned by ASEA to provide insurance and other benefits.
The report states that fees paid by the 457 plan were being used to pay a lobbyist and support ASEA's political action committee.
The Securities Commission's report describes ASEA as deliberately hiding from its own members a relationship with Nationwide that was highly lucrative for the union.
Assets: Over 4% of ABB, parent of Swiss-Swedish Asea Brown Boveri.
While Nationwide's endorsement fee is ASEA's largest revenue source, there is also a "Draw Down" account funded by a separate 0.07% fee on assets under management.
"McArthur is also personally benefiting from ASEA's control of the 457 plan" in what amounts to a conflict of interest, says the Alabama Securities Commission report.
Anwar publicly acknowledged there was friction between tycoon Ting Pek Khiing's Ekran company, which is handling the project, and the main contractor, the Swiss-Swedish firm of Asea Brown Boveri.
ABB, the company that arose from the 1988 merger of the Swedish firm ASEA and the Swiss one Brown Boveri, is hoping to get a lot more business like that.
Continuing a long-term strategy, ABB Asea Brown Boveri is cutting 10, 000 jobs in Europe and America, an 8% reduction, and moving more production to Asia, where a quarter of its orders originated last year.
Mr Leutwiler chose to become chairman of Brown Boveri, an ailing Swiss manufacturing company, and guided through its merger with Asea of Sweden to become Asea Brown Boveri, one of the world's leading engineering companies.
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