Sudan Selloff

Whelan, David
March 2006
Forbes Asia;3/13/2006, Vol. 2 Issue 4, p28
The article reports on the divestment plans of some U.S. universities and the initiative of state legislatures to sell stocks using a screen that lists companies that have ties to Sudan. The University of California Regents voted to consider divesting its $64 billion pension and endowment fund in January 2006 after students staged demonstrations. The state of Illinois implemented a law forcing all the money managers working for the state's biggest pension funds to start selling stock using a Sudan screen. Swiss electricity giant Asea Brown Boveri expressed that its presence in Sudan will help in the country's development.


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