From: NJWollman@manchester.edu
Date: Fri Oct 18 2002 - 02:38:55 EDT
ANNUAL SHAREHOLDER MEETING OF TIAA-CREF IN CHARLOTTE, NC., NOVEMBER 7, 10
AM.
DEMONSTRATION SAME DAY, 11:30 AM- 1:30 PM, IN NEW YORK CITY; ALSO
CALLS/EMAILS, & RAISING VOICES AT THE MTG.
URGE PENSION FUND TO INVEST ITS MONEY MORE RESPONSIBLY AND IMPROVE ITS
CORPORATE GOVERNANCE.
Call for the influential $260 billion pension giant to invest in positive
ventures (like low-income housing) & divest Nike, BP, and Philip-Morris--
and take action on Unocal. "OUT OF THE BAD AND INTO THE GOOD." NYC action
Thursday, Nov. 7, 11:30 AM- 1:30 PM; TIAA-CREF headquarters, outside 730
Third Ave.-between 45th and 46th. For NYC demonstration, contact
JeffreyD@mindspring.com. We will also be raising our voices on these issue
at the annual meeting. If you are a TIAA-CREF participant and can get to
the meeting, let us know. If you are not, but can get to Charlotte, there
are other possibilities. Contact 260-982-5346; njwollman@manchester.edu.
And you can raise your voice from your own home/office, whether you are in
TIAA-CREF or not, during the week before the meeting. Note ideas expressed
here. Call the new CEO Herbert Allison; 800-842-2733. Ask for Mr. Allison
or ext. 4280.
======================================================================================================
Sponsored by Free Burma Coalition, Global Sweatshop Coalition, Infact,
International Tibet Independence Movement, Press for Change, Social Choice
for Social Change: Campaign for a New TIAA-CREF, Students for a Free
Tibet, US Tibet Committee, and World Bank Bonds Boycott.
=====================================================================================================
As the nation's largest pension fund, TIAA-CREF, a retirement fund mainly
for educators, prides itself on being responsive to shareholders and a
"concerned investor"on social responsibility matters.. The fund, however,
continues to hold large investments which put public health, factory
workers, and citizens at risk. Why should life-giving pension money be
invested in such things as deadly tobacco, sweatshop labor, or oil
companies tied to brutal dictatorships? There are more positive ways to
invest and still earn good returns. A broad-based coalition is calling for
funds to be invested in affordable housing and in companies which are, for
example, pioneering socially or environmentally responsible products or
services. Also, though considered a leader in corporate governance and
getting good publicity during recent corporate scandals, TIAA-CREF itself
is weak or contradictory in its own governance practices. Two relevant
resolutions on this are on the ballot for TIAA-CREF participants to vote
on.
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