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California Pensions to Divest Gunmakers!

Resource: http://www.nbcnews.com/business/california-pension-divest-gunmakers-1C9338371
The headline read "California pension to divest from gunmakers" so I had to take a look because I know CALSTRS (California State Teachers Retirement System) can cause companies to change policies just based on the size of their investment.

How big is CALSTRS? Massive. $165 Billion in assets managed. In short, big enough to make a difference.

So obviously I had to see what it was all about.



And how much is CALSTRS divesting from Sturm Ruger and Smith & Wesson?

A whopping $3 million.

Talk about a press release that's all bark and no bite.

Posts: News / California Pensions to Divest Gunmakers!

Posted By: barstoolguru
04/18/13 09:08 PM

another smart move from the people that seen to like to lose money. funny thing is the gun co's DON'T GIVE A SHIT