TITLE

Sudan Selloff

AUTHOR(S)
Whelan, David
PUB. DATE
March 2006
SOURCE
Forbes Asia;3/13/2006, Vol. 2 Issue 4, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
20957178

 

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