Activists Protest Outside Home of TIAA-CREF CEO: Urge Manhattan Resident to Invest Pension Fund More Responsibly

Social Choice for Social Change: Campaign for a New TIAA-CREF



Apr 17, 2001, 01:00 ET from INFACT

    NEW YORK, April 17 /PRNewswire/ -- Activists Protest Outside Home of
 TIA-CREF CEO: Urge Manhattan Resident to Invest Pension Fund More Responsibly:
 
 
     WHAT: Activists and community groups are rallying outside of the New York
     City residence of TIAA-CREF CEO John Biggs, calling on him to do the right
     thing with CREF investments: "Get Out of the Bad, and Into the Good".
     Social Choice for Social Change: Campaign for a New TIAA-CREF, Free Burma
     Coalition, Global Sweatshop Coalition, Infact, and Nikeworkers.org are
     urging CREF to divest of Philip Morris, Nike, Unocal stock and invest in
     more socially responsible ventures. After properly notifying his
     neighbors, activists will sport creative and effective costumes, props and
     signs, bringing the message home to Mr. Biggs, CREF's top decision-maker.
     Residents of his apartment building were mailed a letter talking about a
     "mystery" resident of their building who could help direct billions of
     dollars to more responsible use-and that at the time listed below, that
     person will be revealed via banners and other materials.
 
     WHEN: Wednesday, April 18, 5:00-7:00pm
 
     WHERE: 240 East 47th Street, at the corner of 2nd Avenue, near the U.N.
 
     WHY:  As the nation's largest pension fund, TIAA-CREF, a retirement fund
     mainly for educators, prides itself on being socially responsible and
     responsive to shareholders. The fund, however, continues to hold large
     investments which put public health, factory workers, and citizens at
     risk. Life-giving pension money should not be invested in deadly tobacco,
     sweatshop labor, or an oil company tied to one of the most brutal
     dictatorships in the world. There are more positive ways to invest and
     still earn good returns. A broad-based coalition is calling for funds to
     be invested in affordable housing and in companies which are, for example,
     pioneering socially or environmentally responsible products or services.
 
     For more information call: 800-688-8797
 
 

SOURCE INFACT
    NEW YORK, April 17 /PRNewswire/ -- Activists Protest Outside Home of
 TIA-CREF CEO: Urge Manhattan Resident to Invest Pension Fund More Responsibly:
 
 
     WHAT: Activists and community groups are rallying outside of the New York
     City residence of TIAA-CREF CEO John Biggs, calling on him to do the right
     thing with CREF investments: "Get Out of the Bad, and Into the Good".
     Social Choice for Social Change: Campaign for a New TIAA-CREF, Free Burma
     Coalition, Global Sweatshop Coalition, Infact, and Nikeworkers.org are
     urging CREF to divest of Philip Morris, Nike, Unocal stock and invest in
     more socially responsible ventures. After properly notifying his
     neighbors, activists will sport creative and effective costumes, props and
     signs, bringing the message home to Mr. Biggs, CREF's top decision-maker.
     Residents of his apartment building were mailed a letter talking about a
     "mystery" resident of their building who could help direct billions of
     dollars to more responsible use-and that at the time listed below, that
     person will be revealed via banners and other materials.
 
     WHEN: Wednesday, April 18, 5:00-7:00pm
 
     WHERE: 240 East 47th Street, at the corner of 2nd Avenue, near the U.N.
 
     WHY:  As the nation's largest pension fund, TIAA-CREF, a retirement fund
     mainly for educators, prides itself on being socially responsible and
     responsive to shareholders. The fund, however, continues to hold large
     investments which put public health, factory workers, and citizens at
     risk. Life-giving pension money should not be invested in deadly tobacco,
     sweatshop labor, or an oil company tied to one of the most brutal
     dictatorships in the world. There are more positive ways to invest and
     still earn good returns. A broad-based coalition is calling for funds to
     be invested in affordable housing and in companies which are, for example,
     pioneering socially or environmentally responsible products or services.
 
     For more information call: 800-688-8797
 
 SOURCE  INFACT