Posted on 07/31/2015 6:01:48 PM PDT by Red in Blue PA
The largest municipal public employee retirement system in the nation voted Tuesday to move forward with a plan that could end its investment in companies that sell firearms.
The New York City Employee Retirement System approved a measure backed by Public Advocate Letitia James to look into ditching its stock in companies such as Dick’s Sporting Goods, Wal-Mart, and Cabela’s.
(Excerpt) Read more at guns.com ...
Bet these people have no problem holing Apple stock. Yet the process to manufacture semiconductors creates some of the worst pollution one could imaging. But that company is off limits.
God how I hate these people.
Those fuddy duddy New Yawkers love to shoot themselves in the foot. Dummies! Let your pension fund go broke. Who cares!
Those fuddy duddy New Yawkers love to shoot themselves in the foot. Dummies! Let your pension fund go broke. Who cares!
Exactly! Their action reduces their profits and increases them for the rest of us.
NYC can tell their pensioners when they run out of money that there is no conflict of interest when they apply for greeters’ jobs at Wal-Mart. Their forward thinking board resolved that issue in 2015.
They want to sell some of the best performing companies in the horrible Obama economy.
Liberalism truly is a mental disorder.
Effin' Idjiots! (Yes, I meant to put the 'j' in there. Idiots just isn't strong enough!)
Effin' Idjiots! (Yes, I meant to put the 'j' in there. Idiots just isn't strong enough!)
Alright, sell out cheap .... don’t take no for an answer ... go with twofers of you have to unload that dirty stock!!!!
Just as well.
Really don’t need their kind voting in shareholder elections.
I never heard of Letitty James.
Perhaps a future President & Congress that is all to willing to bail them out may mean we all may end up caring.
I know someone who’s daughter quit her job because the medical group she worked for invested in petroleum. She had no exit plan, no alternate job, kids to support, and drives daily, yet investing in a product that ultimately transports, clothes, and feeds her is somehow wrong.
Yeah lets invest in NY inmate population who hose the taxpayer with frivolous law suits and get out with a nice chunk of change, or the enourmous paydays “reparations” to keep the people of color dosile, or the social services awarded to the “deserving” just for breathing. . Hear that sucking sound? thats the NYC vacuum on high
Ooh, sorry. The greeter position has been filled. However, we need someone to work the gun counter, it's always extremely busy.
Dick’s still sells gunz?
I can not agree your opinion more. The investment for the Drug companies and other companies are better than investing the gun companies, which may cause the damage to people. at present, we should pay more attention to the food and beverage, the nutrition, the environment(http://www.creative-proteomics.com/Application/Environment-Analysis-Service.htm) and other business, which is good for people. However, I think there is no need to invest in firearms companies, except for those, which are controlled by government.
Then they will whine to the Feds to bail out their badly mismanaged portfolios. I’m sure the people “managing” this stuff get paid a killer salary regardless of how poorly it performs.
Hey, it’s not their money!
I am not convinced that divesting gun stocks will make a material difference in the pension fund results.
BUT, she has a fiduciary duty to invest the fund’s assets in the best possible manner. Promoting a thinly-veiled political agenda means that she has abandoned her fiduciary responsibilities and should be removed as a director.
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