Pages

Jump to bottom

5 comments

1 jogiff  Sat, Jan 19, 2013 2:23:26am

I don’t think that it’s fair to say that Fortune Magazine is accusing CalSTRS of bankrolling Newtown. The author seems to just be calling for CalSTRS to divest from Bushmaster, a sentiment that I think we can all sympathize with (even if we don’t necessarily agree).

2 Aligarr  Sat, Jan 19, 2013 4:35:18am

Would a california teacher know what their Pension Funds were invested in ? And since the people who make Busmasters are a company that is owned by another Company which does not have a ticker name - Bushmaster ? It’s like owning Bayer stocks and not knowing Bayer makes insecticides . Therefore the Fortune article is either tongue-in-cheek or just plain STUPID .

3 Joanne  Sat, Jan 19, 2013 6:45:07am

Didn’t they say they were divesting completely right after the shooting? I seem to recall an article about that.

4 ReamWorks SKG  Sat, Jan 19, 2013 7:51:21am

Folks, Read the article. Of course they’ll say they’re divesting (though it’s a matter of a BILLION dollars in total, and not just a little bit.)

But the investment was against their already established guidelines:

What I honestly don’t understand, however, is why. Check out the following part of the pension system’s statement on investment responsibility:

Non-economic factors will supplement profit factors in making investment decisions. Non-economic factors are defined as those considerations not directly related to the maximization of income and the preservation of principal. The consideration of non-economic factors is for the purpose of ensuring that the Retirement System, either through its action or inaction, does not promote, condone or facilitate social injury.

Does Freedom Group not facilitate social injury? I’m not suggesting that social injury is its mission, but it certainly is a foreseeable consequence.
Moreover, CalSTRS has identified 21 risk factors “that should be included within the financial analysis of any investment decision.” Here is the one titled Human Health:

The risk to an investment’s long-term profitability from business exposure to an industry or company that makes a product which is highly detrimental to human health so that it draws significant product liability lawsuits, government regulation, United Nations sanctions and focus, and avoidance by other institutional investors.

Pretty sure the manufacture of semi-automatic rifles would apply here as well.

5 ReamWorks SKG  Sat, Jan 19, 2013 7:52:36am

re: #2 Aligarr

They’re supposed to be highly educated, licensed, professionals. Of course they should know where their money is going.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Recent PagesClick to refresh
Donald Trump Transition Team “Willing to Pay Anything” to Not Have to Listen to Kid Rock at Inauguration This is unsourced, so take it with a grain of salt, but I can see it. If you perform for Trump you are dead musically to me the rest of your career. I'm probably not alone there, and no ...
Thanos
2 hours, 40 minutes ago
Views: 87 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Follow-Up: MS-DOS Lives on After All It sure looked like Microsoft was putting MS-DOS out to pasture. Now it’s saying that the MS-DOS command prompt cmd will continue to live on. According to a Microsoft spokesperson, “Microsoft is not removing Cmd from Windows, but rather ...
Thanos
2 hours, 47 minutes ago
Views: 79 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Comments: 0
: 0
Weather Channel’s Kait Parker Lays the Smack Down on Breitbart in an Awesome Video ClipClimate Change deniers continue to confuse climate with weather, even through there is a huge difference between the two. Unfortunately, a short term cooling does not change the fact that humans are causing the planet to warm up by pumping ...
CriticalDragon1177
4 hours, 27 minutes ago
Views: 140 • Comments: 0 • Rating: 0
Tweets: 19 • Share to Facebook
Shares: 0
Comments: 0
: 0
Millions Exposed to Malvertising That Hid Attack Code in Banner Pixels Researchers from antivirus provider Eset said "Stegano," as they've dubbed the campaign, dates back to 2014. Beginning in early October, its unusually stealthy operators scored a major coup by getting the ads displayed on a variety of unnamed reputable ...
Thanos
5 hours, 26 minutes ago
Views: 96 • Comments: 0 • Rating: 2
Tweets: 3 • Share to Facebook
Shares: 0
Comments: 0
: 0
Chocolate Peanut Butter Cups Recipe - NYT Cooking Ingredients 9 ounces/255 grams semisweet chocolate ¾ cup/205 grams smooth natural peanut butter ¼ cup/28 grams confectioners’ sugar ½ teaspoon vanilla extract ½ teaspoon kosher salt Nutritional Information Nutritional analysis per serving (10 servings) 250 calories; 17 grams fat; ...
The Vicious Babushka
6 hours ago
Views: 101 • Comments: 0 • Rating: 1
Tweets: 2 • Share to Facebook
Shares: 0
Comments: 0
: 0
Russia Seen Moving New Missiles to Eastern Europe In what could mark an escalation of tensions with the West, commercial satellite images suggest that Russia is moving a new generation of nuclear-capable missiles into Eastern Europe. Russia appears to be preparing to permanently base its Iskander missile ...
Thanos
6 hours, 17 minutes ago
Views: 85 • Comments: 0 • Rating: 2
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
FIRST OFFICIAL Trailer for Spider-Man: Homecoming This is the FIRST trailer for Spider-Man: Homecoming starring Tom Holland, Robert Downey Jr. and more, in theaters July 7th.Connect with Jimmy Kimmel Live Online: Visit the Jimmy Kimmel Live WEBSITE: bit.lyLike Jimmy Kimmel Live on FACEBOOK: bit.lyFollow Jimmy ...
Thanos
7 hours, 48 minutes ago
Views: 105 • Comments: 0 • Rating: 1
Tweets: 3 • Share to Facebook
Shares: 0
Comments: 0
: 0
Of Monsters and Men - We Sink (Lyric Video) Of Monsters and Men - We Sink (Official Lyric Video)Please visit icrc.org to donate and for more information. Download this song: smarturl.it Taken from Beneath The Skin Directed by Tjarnargatanen.tjarnargatan.isActors:Heba AljakariJimmy SalinasJulie LopariaKansha IyassuKhaalid Saaid JeylaniMajid ZareiNazanin Askari Choreography:Stella ...
Thanos
7 hours, 55 minutes ago
Views: 109 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
John Glenn, American Hero of the Space Age, Dies at 95 John Glenn, a freckle-faced son of Ohio who was hailed as a national hero and a symbol of the space age as the first American to orbit Earth, then became a national political figure for 24 years in the ...
Thanos
10 hours, 24 minutes ago
Views: 132 • Comments: 0 • Rating: 1
Tweets: 3 • Share to Facebook
Shares: 0
Comments: 0
: 0
Americans Are Paying Apple Millions to Shelter Overseas Profits So you could rebel - but all the other major outlets for content also shelter their taxes overseas, including Google, Microsoft, and Amazon. All of these companies enjoy the network in this country of public transport, communications rights of ...
Thanos
1 day, 2 hours ago
Views: 242 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0