Jul 272011

Campaign calls for divestment in the Israeli occupation

NoC News

Activists with the “We Divest” campaign delivered a censored ballot to the office of TIAA-CREF in Lexington on July 19, as the company held its annual shareholder meeting in Charlotte, NC.

TIAA-CREF is the “Teachers Insurance and Annuity Association – College Retirement Equities Fund,” a multi-billion dollar investment company.

At its shareholders meeting on July 19, CREF refused to allow a vote on a resolution submitted by nearly 20 shareholders. The resolution calls upon CREF to engage in discussions with corporations in its portfolios that profit from the Israeli occupation of Palestinian land and to consider divesting from those companies if the discussions do not bear fruit. Continue reading »