Glad to see Calpers didn't cave

[grizzman]

I think it was more of a financial decision than an emotional decision, the way it should be when you are responsible for other people's money.

https://www.reuters.com/article/us-california-calpers-guns/california-treasurer-thwarted-in-push-for-calpers-gun-divestment-idUSKBN1GV2ZM

[grizzman]

But as I re-read the article, it seems like I was wrong.

"CalPERS had about $850 million in investments in retailers and wholesalers of assault-style rifles at the time of its review. As of Monday’s report on its holdings, several of the five top retailers and wholesalers examined by CalPERS, including ****’s Sporting Goods, had ceased selling the firearms in question.

Board member Bill Slaton, who was among the “no” votes, said CalPERS would have more influence over companies it invests in as opposed to ones it divests.


“We have found that engagement is a better alternative for us to be able to accomplish something in this arena,” Slaton said, adding: “We have exactly the same mission that you have with regards to the issue of guns.”
"