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. In a May 10 letter and a follow-up reconsideration letter, the SEC said it would take “no action” against CREF for declining to put…
In this week?s podcast, host Josh Nathan-Kazis talks with Washington correspondent Nathan Guttman, opinion editor Gal Beckerman and Forward fellow Naomi Zeveloff about the recent announcement that TIAA-CREF, which manages pensions and retirement funds, has sold $72 million worth of stock in the construction equipment firm Caterpillar which has been connected to Palestinian housing demolitions….
Controversy over the Israeli army’s use of Caterpillar Inc. bulldozers to demolish Palestinian homes was a “key factor” in a corporate rating agency’s decision to drop the American manufacturer from its list of socially responsible companies. The ratings agency, MSCI, downgraded Caterpillar in February, dropping it from several indices in which it lists companies with…
A victory celebrated by supporters of the movement to boycott, divest, and sanction Israel, could be significantly overstated. The movement, which advocates economic pressure on Israel to push for an end to its occupation of the West Bank and for the right of Palestinian refugees to return to Israel, has been hailing investment giant TIAA-CREF’s…
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