Divestment Fails to Bring About Social Change
Chris Ailman · Chris Ailman – CalSTRS' Venerable CIO (Capital Allocators, EP.86) · Feb 11, 2019 · at 1:05:00
Chris Ailman, CIO of CalSTRS, argues against divestment campaigns on hot-button political issues, advocating instead for active shareholder engagement.
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“We have proven time and again for the last 20 years that divestment does not bring about any social change, and people have to realize boycotts are generally ineffective unless you can get everybody Involved in them.”
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