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Throughout the nation, activists understandably troubled by the ongoing tragedy of Darfur have pressed public pension plans to divest the stock of corporations with varying connections to the Sudan. While the motivations of those seeking Darfur and Iranian divestment are beyond reproach, the tactic they pursue is not. However well-intended, social investing of governmental pension assets is at best ineffective and at worst costly to retirees and taxpayers, and dilutive of fiduciary standards.
October 01, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
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