Sunday, April 26th, 2009
Not Only Embarrassing But Considering His Smoking Initiatives A Little Counterproductive As Well
Now that’s embarrassing:
Despite Mayor Bloomberg’s crusade against cigarettes, city pension funds remain heavily invested in Big Tobacco — with more than 6 million shares, worth $103 million.
The $82.5 billion pension system owns 6,024,823 shares of Altria, formerly known as Philip Morris, according to an agenda for the company’s stockholders meeting next month.
