• Re: New York pulls $111M in pension funds from Ben & Jerry�s over boyco

    From Ben & Jerrys Bigots@21:1/5 to [email protected] on Wed Jul 27 08:46:15 2022
    XPost: alt.business, alt.fan.rush-limbaugh, talk.politics.guns
    XPost: alt.activism.children.molesters

    In article <t2f2n9$3ivp5$[email protected]>
    <[email protected]> wrote:


    Very happy to see Swallwell fail after his immature ignorant behavior with a Chink whore spy.

    Monkey Pox, right on time to give Democrats an excuse to cheat in the next election.

    New York state�s mammoth pension fund is pulling $111 million in
    investments out of the firm that owns Ben & Jerry�s because of
    the ice cream maker�s boycott of Israel�s occupied territories,
    The Post has learned.

    State Comptroller Tom DiNapoli � the sole manager of the $263
    billion state Common Retirement Fund � said Ben & Jerry�s
    decision to stop selling ice cream in the disputed Israeli-
    Palestinian territories in July violated his office�s policy
    against the boycott, divestment and sanction (BDS) movement
    against Israel.

    As a result, the comptroller is yanking $111 million in equity
    investments from Unilever, Ben & Jerry�s parent company.

    �After a thorough review, the New York State Common Retirement
    Fund will divest its equity holdings in Unilever PLC. Our review
    of the activities of the company, and its subsidiary Ben &
    Jerry�s, found they engaged in BDS activities under our pension
    fund�s policy,� DiNapoli said in a statement to The Post.

    The state comptroller�s policy, established in June 2016, said
    BDS activities are intended to inflict economic harm against
    Israel and as a result, the state pension fund�s investments in
    the Jewish state. The state pension fund � the nation�s third-
    largest � invests more than $800 million in retirement funds in
    Israel.

    The policy put companies involved in BDS activities against
    Israel on notice that the state would yank its pension
    investments.

    �We will be divesting those investments. Ben & Jerry�s engaged
    in BDS activities,� said a spokesman for DiNapoli.

    Allies of Israel applauded DiNapoli for standing up for the
    Jewish state.

    �This is wonderful news. God bless Tom DiNapoli,� said former
    Brooklyn state Assemblyman Dov Hikind.

    �BDS equals anti-Semitism and Comptroller DiNapoli stood up
    against hate.�

    Hikind and DiNapoli served together for years in the state
    Assembly and the comptroller personally called Hikind Thursday
    night to inform him of his action against Unilever/Ben & Jerry�s.

    DiNapoli�s director of corporate governance, Liz Gordon, sent a
    warning notice to Unilever CEO Alan Jope that Ben & Jerry�s was
    engaging in a BDS action against Israel.

    Jope gave a circular response on Aug. 4 defending Ben & Jerry�s
    actions, saying Unilever doesn�t intervene in actions taken by
    the �independent� boards or the �social mission� of its brands.

    �Unilever has a strong and longstanding commitment to our
    business in Israel. We employ nearly 2,000 people in the country
    across our four factories and head office, and we have invested
    approximately $250 million in the Israeli market over the last
    decade,� Jope said in a letter to Gordon.

    The Unilever boss added, �On this decision, it was no different.
    Ben & Jerry�s has also made it clear that although the brand
    will not be present in the West Bank from 2023, it will remain
    in Israel through a different business arrangement.�

    Last month, the state of New Jersey started divesting $182
    million invested in Unilever stock, bonds and other securities
    over Ben & Jerry�s boycott of Israel � joining other anti-BDS
    states including Arizona and Texas.

    On July 19, Ben and Jerry�s announced it would stop selling ice
    cream to the occupied Palestinian territories, saying �it is
    inconsistent with our values� to conduct business there.

    Ben and Jerry�s Jewish co-founders, Bennett Cohen and Jerry
    Greenfield � who sold their namesake company to Unilever in 2000
    � defended the company�s decision to end sales in the region in
    a New York Times editorial in July, writing that Israel was one
    of the first countries that the company had expanded to
    internationally as it grew.

    The founders, who called themselves �proud Jews,� said it is
    �possible to support Israel and oppose some of its policies�
    just as they�ve �opposed policies in the US government.�

    Additional reporting by Patrick Reilly

    https://nypost.com/2021/10/29/new-york-pulls-pension-funds-from- ben-jerrys-over-boycott-of-israel-occupied-territories/

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