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“Never again”, the phase oft used after the genocide perpetuated against the Jews in World War Two, a phase that runs true — unless you’re a trustee of a public pension plan. In which case the operative phrase is, “Divestment will violate my fiduciary responsibility”. So much for “never again”. Matthew Potter, a member of the board of trustees for the Wyoming Retirement System, Cheyenne, and chairman of its investment committee, disputes the two most common reasons cited by fund managers to not divest. To argue that divesting from Sudan would open for divestment based on an array of social issues, and that fund managers fiduciary responsibility is to the members of the fund and not the people of Sudan, are he argues, short-sighted and disingenuous justifications for not dealing with this issue. Read the Pensions and Investments article in full at http://www.pionline.com/apps/pbcs.dll/article?AID=/20071126/PRINTSUB/71121014/1008/rss12&rssfeed=rss12 |
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