While researching one of the radio stations, I noticed that one of the state Teacher’s Retirement funds is a large holder in Phillip Morris – you know – the company behind Joe Camel – and at one time Kraft Cheese and Oreo Cookies. Why would our teachers be wanting to kill our children with cigarettes and high fat and sugary foods? And how widespread is this problem?
There are 1,962,000,000 shares of Philip Morris outstanding, making the company “worth” $83 billion. Some teachers and public employee pension funds hide behind private equity firms (wouldn’t you if your were a child killer?), but some are out in plain sight. Let’s see who we can find.
Institutional holders of Philip Morris
#1) Capital Research Global 115 million
#2) Barclays Global Investmors 80.8 million
(The British are killing our children too!)
#3) State Street Corp 79.9 million
PM is in the S&P 500 – if you buy a SPDR, you’re a child killer
#4) Capital World Investing 71.3 million
(California State Teachers Retirement System has money with Capital Guardian)
#5) Vanguard 68.4 milion
(Mutual funds – probably S&P 500 index money)
#6) FMR (Fidelity) 46 .6 million
#7) AXA 41.2 million
Very large insurance company in France
#8) Bank of NY/Mellon 33 million
Well, we already know about bankers
[…]
TIAA-CREF 7.7 million
Teachers 403(b) and annuities (and some public mutual funds)
NY State Retirement Fund 6.7 million
NY State Teacher’s Retirement System 6.7 million
Florida State Retirement System 4.9 million
Ohio Public Employees Retirement 4.6 million
Ohio State Teacher’s Retirement System 4.2 million
Texas Teacher’s Retirement System 4.0 million
State of Wisconsin Investment Board 2.8 million
Canada Pension Plan 2.7 million
Colorado Public Employees Retirement – 2.7 million
Kentucky Teacher’s Retirement System – 1.4 million
TX Employees Retirement System – 1.2 million
Teachers Advisors (NY) 1.0 million