WebJun 3, 2024 · This case uses the California Public Employees' Retirement System (CalPERS) to set the stage for unfolding an analysis of economics and values in the decision to divest tobacco stocks and bonds from the internally managed portion of the CalPERS portfolio. WebDec 19, 2016 · Amid a passionate debate on the wisdom and morality of investing in tobacco, the big California pension fund rejected a recommendation by its staff to end its 16-year-old ban on tobacco. CalPERS ...
Divestment as an ESG Tool: CalPERS and Tobacco Stocks (B)
WebMay 9, 2016 · CalPERS Fiduciary Counsel Calls Divestiture of Tobacco Stocks “A Violation of Fiduciary Duty” May 9, 2016 By Stephen Frank Leave a Comment The attorney for CalPERS has told the agency that divesting tobacco stock is … WebFeb 6, 2014 · When divesting tobacco stocks in 2000, CalPERS cited the risk of prolonged litigation to its investment. The fund held over $500 million worth of tobacco stocks at the time. In 2011,... dublador do morty de rick and morty
CalPERS Investment Committee Rejects Tobacco Reinvestment Again
WebApr 5, 2016 · Calpers is learning that social responsibility can have a cost. The $290 billion California Public Employees’ Retirement System, or Calpers, may reinvest in tobacco … WebOct 17, 2000 · CalPERS covers about 330,000 retirees and 770,000 active state and local government employees. Monday’s vote affected tobacco stocks held in the pension system’s largest portfolios, so-called ... WebApr 9, 2024 · The investment committee’s decision to divest from tobacco stocks had cost the largest US pension around $3.6billion in investment profits between 2001 and the end of 2016, CalPERS’s general investment consultant, Wilshire Associates, had concluded. dublagem assassin\u0027s creed 3