California Lawmakers Seek to Drop Wal-Mart Stock from State Pension Fund

Date: 9 Nov 2004 | posted in: Retail | 0 Facebooktwitterredditmail

A group of California state lawmakers, led by Assemblywoman Sally Lieber, are calling for the legislature to require that the California Public Employees’ Retirement System (CalPERS) sell its 18.8 million shares of Wal-Mart stock, valued at about $1 billion. "The Legislature needs to take a close look at how we put our money behind our values," Lieber told the Associated Press. "Wal-Mart is making a big push to expand in many areas of our state. … Read More