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AFT Wants TIAA-CREF to Promote 'Fair Labor'

Source: Posted By: Bailey C...4024 days ago

The American Federation of Teachers Executive Council on Wednesday passed a resolution urging TIAA-CREF to take tougher stands in its investment decisions to promote "fair labor." The resolution says that many companies in TIAA-CREF's portfolio "routinely pay sub-poverty wages and suppress workers' rights to organize and collectively bargain." While TIAA-CREF has a fund that factors in social concerns of investors, the AFT resolution said that this fund is too narrow in what it excludes, and that....

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