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Arm-Twisting Gets Ohio Pensions to Divest from Iran, Sudan

[Columbus Dispatch] James Nash - Ohio's five public pension systems capitulated to demands from lawmakers that they give up investments in companies that do business with Iran and Sudan. After resisting calls to divest as an affront to their ability to make money for government employees, the executives of the five pension funds told House Speaker Jon A. Husted that they would work to pull most of their money out of companies with ties to the two Islamic nations. The pensions, which collectively represent 1.3 million current and retired public employees, agreed to drop at least half of their investments connected to Iran and Sudan by the end of the year. They committed to the goal of ultimately withdrawing all such investments.
2007-06-08 01:00:00
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