New Jersey Public Worker Pension Fund Considers Dropping Nike Stocks over Colin Kaepernick Ad Campaign

Colin Kaepernick, Youtube
image_pdfimage_print
New Jersey’s $77-billion public worker pension fund is considering dumping its Nike investments after Marty Barrett, a representative of retired police officers and firefighters, asked the council to consider divesting from its Nike holdings because of the controversial advertisement featuring Colin Kaepernick. Barrett said that Kaepernick’s protest disrespects members of the military and first responders who were killed on 9/11. The State Investment Council voted unanimously to review its holdings, which a spokeswoman for the Treasury Department said include 311,500 equity shares valued at $26 million and 20 million principal valued at $18 million.

The council overseeing New Jersey’s $77 billion public worker pension fund will study its investments with Nike at the urging of a member representing police and firefighters who is unhappy with the company’s new ad campaign featuring Colin Kaepernick.

Marty Barrett, a representative of retired police officers and firefighters, asked the council to consider divesting from its Nike holdings because of the ad.

Nike’s use of the sports figure, whose protests of police brutality during the National Anthem drew controversy, has triggered boycotts of the brand.

Barrett said Thursday that Kaepernick’s protest disrespects members of the military and first responders who were killed on 9/11.

Nike “made one of the worst business decisions of all time” in making Kaepernick the face of its ad campaign, Barrett said.

The State Investment Council voted unanimously to review its holdings, which a spokeswoman for the Treasury Department said include 311,500 equity shares valued at $26 million and 20 million principal valued at $18 million.

Read full article here…

 

Related Post

Visit our Classified ads.

Check out our Classified ads at the bottom of this page.

Recent stories & commentary

Health

Measles Triple Vaccine to Become Mandatory in Germany

November 15, 2019 DW Germany 3

After months of debate, the law was passed despite opposition. The measles vaccine in Germany is only available as a triple shot, and will also indirectly make immunization against measles, mumps and rubella, and in some cases chicken pox obligatory.

Kakistocracy

Leaked Bank Records Show Payments of $3.5 Million from Burisma to Hunter Biden’s Company. Obama-Appointee Judge Overturned Fraud Conviction of Biden’s Partner, Devon Archer

November 15, 2019 ZeroHedge 1

Documents allegedly leaked by the Ukrainian General Prosecutor’s office to CD Media show payments of $3.5 million from Burisma Holdings to Rosemont Seneca Bohai LLC, a corporation controlled by Hunter Biden’s partner, Devon Archer. Both Hunter Biden and Archer sat on the board of Burisma, the Ukrainian gas company.

Classifieds

For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.

1
Leave a Reply

avatar
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
autumn Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
autumn
Guest
autumn

Just do it NJ!!!! I’m a Jersey girl POA of a retired NJ public works retiree beneficiary. I 2nd that motion MAGA WWG1WGA