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I call this backdoor gun control. They're using divestment threats to get compliance they know they won't/can't get through other legal means. Other cities/states are doing the same thing; see article posted here today re Chicago.

Israel constantly faces this issue as well, commonly called "boycott,divestment & sanctions" on the college campuses.

1 posted on 01/25/2013 7:48:28 AM PST by JoyjoyfromNJ
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To: JoyjoyfromNJ
Pension boards, mutual fund managers, and other fiduciaries who make decisions on political or social reasons rather than rate of return should be sued into oblivion unless their charter provides explicitly for decisions other than for the greatest capital benefit of the fund members.
2 posted on 01/25/2013 7:53:26 AM PST by Truth29
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To: JoyjoyfromNJ

I don’t think this will phase gun manufacturers much. Divestment is not any kind of threat when the industry is booming and gun stocks are on the rise. There will be plenty of investors happy to buy this stock and take it off of the Philly pension funds’ hands.


3 posted on 01/25/2013 8:01:22 AM PST by Boogieman
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To: JoyjoyfromNJ

“The United States prioritizes the right to keep and bear arms over the protection of citizens’ lives and personal security...”

Damn right we do! But more to the point. More innocent people were slaughtered by out-of-control governments in the 20th century than all the violent crime and civilian mass shootings in human history combined. The average human being in the 20th century was many times more likely to die at the hands of abusive government than from any form of civilian crime. Gulags, concentration camps, and mass genocide are not the purview of deranged individuals. They are the product of governments that have achieved too much power (and the megalomaniacs who lead them).

How on earth can people not see that getting rid of guns is far more deadly than having them?

Given the choice of trusting my neighbor with a so-called assault weapon, and trusting some bureaucrat in a government office. I choose my neighbor. People of principle realize there are worse things in this world than being gunned down by a nut-job. Living without freedom is worse (and actually more dangerous on the average).


5 posted on 01/25/2013 8:06:41 AM PST by Neoliberalnot (Marxism works well only with the uneducated and the unarmed.)
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To: JoyjoyfromNJ

I think I will just boycott Philadelphia.


6 posted on 01/25/2013 8:06:57 AM PST by askrenr (HOOAH! It's an Army thing.)
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To: JoyjoyfromNJ

Some more names to remember. The folks who voted to support Nutter:

Principal Staff
Francis X. Bielli, Esquire, Executive Director
Christopher McDonough, Chief Investment Officer
Robert Dubow, Chairman & Director of Finance
William Rubin, Vice Chairman & Trustee

Board Members
William Rubin, Trustee
Carol G. Stukes, Trustee
John Reilly, Trustee
Ronald Stagliano, Trustee
Alan Butkovitz, Esquire, City Controller, Trustee
Albert D’Attilio, Esquire, Personnel Director, Trustee
Shelly Smith, Esquire, City Solicitor, Trustee
Richard Negrin, Esquire, Managing Director, Trustee


9 posted on 01/25/2013 8:26:17 AM PST by absalom01 (You should do your duty in all things. You cannot do more, and you should never wish to do less.)
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To: JoyjoyfromNJ

These socio-political investment strategies always backfire.

They sell the stock below market value.

Then others with economic sense swoop in and pick up a deal.

Go ahead, Philadelphia, make someone investor’s day.


11 posted on 01/25/2013 8:42:35 AM PST by Uncle Chip
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To: JoyjoyfromNJ
I call this backdoor gun control.

Indeed. obama & Crew are muscling the banks the same way;
Obama Inc Trying to Use Banks to Destroy Gun Manufacturers

12 posted on 01/25/2013 9:14:31 AM PST by Oatka (This is America. Assimilate or evaporate.)
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To: JoyjoyfromNJ

Doesn’t make sense to me.

They invested their money there because the Companies were making money.

Now they want to tell those companies how not to make money.

Pretty stupid if you ask me. Tell them to tale their investment and shove it.


13 posted on 01/25/2013 9:15:17 AM PST by Venturer
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To: JoyjoyfromNJ

I call this backdoor gun control.
The black market is now open for business 24/7.


14 posted on 01/25/2013 10:11:47 AM PST by Vaduz
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