HARTFORD, Conn. (AP) — The treasurers of Connecticut and Massachusetts are among those reviewing public pension investments in response to the fatal shootings of 20 children and six adults in a Connecticut elementary school.
Massachusetts Treasurer Steve Grossman said Wednesday he’s directed a review of investments in gun companies. He didn’t call for divestment. He said it’s the duty of the $50 billion fund to maximize returns for retirees, but he won’t ignore the values of Massachusetts residents.
Connecticut State Treasurer Denise Nappier also said in a statement she’s reviewing investments in gun-related businesses. She said she’s concerned that companies the pension fund invests in are considering public safety and “the well-being of our children.” She said good corporate citizens also “can sustain our shareholder value over the long haul.”
Another words if these companies do not do something about public safety the money invested with these companies will divested over a period of time.
With arms sales going through the roof, divesting in the arms company stock sounds absurd, politically driven and politically correct. Also very foolish.
pyramid schemes with state pensions ? i would think they would invest in something like education or healthcare. but all for a dollar . gotta love capitalism !!!