California teachers pension fund threatens companies financially over gun control issues

By Aaron Colen

The California State Teachers’ Retirement System will use its financial leverage to target board members and companies that don’t conform to stricter gun control standards, CBS News reported.

The pension fund, one of the largest in the nation, voted to take a number of actions Wednesday. Those actions included attempting to unseat board members at resisting companies and to dump those companies’ stock.

“If Congress and state houses are either unwilling or unable to pass sensible policies to stop our schoolyards, work sites and places of worship from becoming killing fields, then let’s take the battle to where the money is,” said state Treasurer John Chiang to the Investment Committee.

What’s the story?

CalSTRS’s decision was approved by unanimous vote in the Investment Committee on Wednesday, with the support of Chiang, who is running for governor. Chiang is also a panel member on the committee.

The plan is for CalSTRS to put pressure on all the companies it invests in to stop selling firearms and gun accessories that are illegal in California.

CalSTRS will hire two full-time employees whose job it is to persuade the companies to stop selling assault weapons. If that fails, CalSTRS would vote against all members …Read the Rest

Source:: The Blaze