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General Discussion

packman

(16,296 posts) Fri Jul 4, 2014, 01:47 PM Jul 2014

9

Portland doesn't want to invest in Wal-mart

City decides they don't like Wal-mart practices and divests itself of all Wal-mart holdings. Good for them.

" the investment pullback came after Portland leaders determined the mega-retailer is "not a socially responsible company." Portland had about $36 million invested in Walmart, or about 2.9 percent of the city's investment portfolio. The city announced Thursday that it would be free of all remaining holdings by 2016."

Now that is the way to do it - Hobby Lobby next?

http://www.huffingtonpost.com/2014/05/16/portland-divests-walmart_n_5339032.html

5 replies

= new reply since forum marked as read

Highlight:

Portland doesn't want to invest in Wal-mart (Original Post) packman Jul 2014 OP

Heard about this a couple months ago. Faux pas Jul 2014 #1

Large cities were ahead of the US government in divesting out of apartheid South Africa as well Bluenorthwest Jul 2014 #2

Hobby Lobby is a closely held corporation. former9thward Jul 2014 #3

Hobby Lobby is a private family corp. SoCalDem Jul 2014 #4

Let's hope Hobby Lobby is next betterdemsonly Jul 2014 #5

Faux pas

(14,690 posts)

1. Heard about this a couple months ago.

Reply to packman (Original post)

Fri Jul 4, 2014, 01:54 PM

Jul 2014

The Portland mayor said they would judge what companies they invest in by the company's "social reponsibility". I'm loving it!

Bluenorthwest

(45,319 posts)

2. Large cities were ahead of the US government in divesting out of apartheid South Africa as well

Reply to packman (Original post)

Fri Jul 4, 2014, 03:54 PM

Jul 2014

Los Angeles was one of the fist. I lived there then and I was very proud of the city.

former9thward

(32,082 posts)

3. Hobby Lobby is a closely held corporation.

Reply to packman (Original post)

Fri Jul 4, 2014, 04:44 PM

Jul 2014

It is not publicly traded like Walmart.

SoCalDem

(103,856 posts)

4. Hobby Lobby is a private family corp.

Reply to packman (Original post)

Fri Jul 4, 2014, 04:48 PM

Jul 2014

betterdemsonly

(1,967 posts)

5. Let's hope Hobby Lobby is next

Reply to packman (Original post)

Fri Jul 4, 2014, 06:35 PM

Jul 2014

n/t

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