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

    From Ben & Jerrys Bigots@21:1/5 to governor.swill@gmail.com 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$102@news.freedyn.de>
    <governor.swill@gmail.com> 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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