The College Retirement Equities Fund can ignore a controversial customer proposal calling for it to end investments in companies that support “Israel’s occupation,” the U.S. Securities and Exchange Commission has ruled.
Staffers discuss a pension giant?s decision to sell stock in Caterpillar, and how the issue of Israel played out in this week?s primary elections in New York.
A corporate ratings agency cited Israel as a ‘key’ reason that Caterpillar was dumped from its socially responsible stock index. The move handed a big victory to boycott Israel activists.
A victory celebrated by supporters of the movement to boycott, divest, and sanction Israel, could be significantly overstated.