Well, we did get this one right:
Directors of the UMC’s General Board of Pension and Health Benefits have unanimously approved a resolution opposing divestment from three firms critics say have aided Israel in violating human rights in the Israeli-occupied Palestinian territories.
Tim Smith, a member of the board’s UMC Principles Committee, said the denomination can have more influence by retaining shares of Caterpillar, Motorola Solutions and Hewlett-Packard.
“If you sell stock as a protest, another investor simply purchases it,” he said. “As an investor, having a seat at the table with a company has generally proved to be a more powerful means of communicating with a company’s management.”
Posts
