
AG to CalPERS: Divest from Iran Now
Dave Maass of San Diego CityBeat posted a story this afternoon that Attorney General Jerry Brown today called on CalPERS and CalSTRS to abide by the law and divest from Iran.
This follows CityBeat’s story of last week detailing how the two large pension systems are ignoring State law that bans investments in Iran and Sudan. The story was hi-lited on the FlashReport yesterday.
The AG uses strong language to note the flaunting of the requirements. "CalPERS and CalSTRS need to honor the state law requiring them to divest from companies doing business in Iran, " he writes. "It’s time for our public pension funds to show some leadership and stop supporting companies that do business with a tyrannical regime."… Read More