"TIAA-CREF Annual Meeting/ Social Responsibility/ You can help"--July, 8, 2007.
JULY 17 IS TIAA-CREF'S ANNUAL MEETING. PLEASE ACT BEFORE THEN TO PROMOTE SOCIAL RESPONSIBILITY. CONTACT TIAA-CREF IF YOU ARE A PARTICIPANT. PARTICIPANTS AND NON-PARTICIPANTS CAN HELP BY DISTRIBUTING THIS MESSAGE TO COLLEGE PERSONNEL AS WIDELY AS POSSIBLE. THANKS
=============================================================================================== MAKE TIAA-CREF ETHICAL COALITION IS YOUR INVESTMENT REALLY GOING TOWARD THE “GREATER GOOD”? Dear Professor/Staff Member: It’s morning in America---do you know where your pension fund assets were last night? Would it upset you to know that TIAA-CREF---the nation’s largest retirement fund---is a major investor in companies like Wal-Mart, Nike, Costco, Coca-Cola, Chevron, and Philip Morris/Altria? Millions of TIAA-CREF participants are contributing their money to support abusive human and labor rights practices, destruction of the environment, and harming of human health. The fact is, some of our country’s worst corporate violators are right at home in the portfolio of TIAA-CREF—which says it provides financial services “for the greater good.” Recently the 600,000-member New York State United Teachers (NYSUT) passed a resolution critical of CREF’s continued investment in several of these these corporations. (See attached resolution.) Then soon after, the 1.3 million member strong American Federation of Teachers passed a similar resolution. As educators and those working along-side them,, we have spent our careers trying to help students learn the truth about the world around them. The truth is that TIAA-CREF continues to invest our funds in these corporate bad actors. We don’t want our investment—
What can you do? Let’s turn up the heat on CREF to truly invest for the “greater good.” Help us educate the faculty, staff, and students on your campus and nationwide. Email this message to others at your school and elsewhere. All of us need to:
Neil Wollman; Ph. D.; Senior Fellow; Professor of Psychology; Manchester College, North Manchester, IN 46962; Sprawl-Busters, Press for Change,Campaign to Stop Killer Coke/Corporate Campaign, Inc.,Campaign for a Commercial-Free Childhood, Social Choice for Social Change, Citizens Coalition (Frente Civico), Educating for Justice, National Community Reinvestment Coalition, United Students Against Sweatshops, Canadian Committee To Combat Crimes Against Humanity (CCCCH), Corporate Accountability International (formerly Infact), World Bank Bonds Boycott. Make TIAA-CREF Ethical is a project of the Peace Studies Institute, Manchester College. ================================================================================================= |
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