Megan White, a spokesperson for CalPERS, said the pension fund sold its shares in the two companies as an investment decision, not because of a push by activists.
A statement from the California Faculty Association following the meeting with CalPERS on Friday said,Our union was not going to stand by and watch our pension dollars support these terrible corporations, and we're pleased to see that CalPERS investment analysts have come to the conclusion." "The fact is our sole job is to help the government solve problems in ways it could not do alone — to help manage unprecedented humanitarian crises, dramatically improve the standard of care for vulnerable people, and meet other critical needs efficiently and innovatively."
logically they probably figured if people found out they'd pull most of their money imploding the whole thing and costing themselves a pay check for running it
Looks like at least some businesses have a newfound sense of morality. Hopefully more will follow.
Lovely
More outrage bait. Let’s see if the public takes it.
It's time to come down on financial firms.
SMART MOVE
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