TIAA-CREF

OVERVIEW

TIAA-CREF is a Fortune 100 financial services company and the leading provider of retirement plans to people working in academic, research, medical, and cultural institutions in the United States.

Although TIAA-CREF touts its commitment to socially responsible investing, funds invested with TIAA-CREF actively support Israeli apartheid, violations of international law, and human rights abuses. For example, it invests in Caterpillar, Northrop Grumman, Motorola Solutions, Elbit Systems, and Veolia. These companies provide Israel with the products and services it uses to demolish Palestinian homes, construct and maintain the settlements and wall in the Israeli-occupied West Bank (including East Jerusalem), and kill Palestinian civilians.

FOR IMMEDIATE RELEASE

July 17, Oakland, CA – On Tuesday, July 16th at TIAA-CREF offices in over a dozen cities nationwide, human rights advocates protested the retirement giant’s investments in Israeli military occupation, on the same day that TIAA-CREF held its annual shareholders meeting in Charlotte, North Carolina.  The protesters sang, chanted, handed out thousands of flyers, and performed street theater, also signaling their displeasure with TIAA-CREF’s refusal to allow investors to vote to vote on a shareholder resolution, which calls on TIAA-CREF to divest from companies such as Veolia, Caterpillar, and Northrup Grumman which profit from segregated services, home demolitions, militarized violence, and other human rights abuses.

For the second time, pension-fund giant TIAA-CREF, which claims to be "for the greater good," has barred shareholders from voting on whether they want their retirement money invested in human rights violations. TIAA-CREF has made it clear that when it comes to discussing the Israeli occupation of Palestine, they prefer to "see no evil, hear no evil, and speak no evil." But we’ll continue to see and speak about Israel’s violations of Palestinian rights—and to demand to be heard.

NEW YORK - Fifty New Yorkers gathered in the cold in front of TIAA-CREF national headquarters to show support for a shareholder resolution asking trustees to end investments in companies that contribute to or enable serious human rights violations, including companies whose products support Israel’s occupation of Palestinian lands.

CREF shareholders, including a professor of peace and conflict studies, addressed the crowd, emphasizing that it is crucial that the retirement company let shareholders have a conversation about the human rights abuses their investments are supporting. Also present was Omar Barghouti, one of the founders and leaders of the Palestinian Boycott, Divestment, and Sanctions National Committee. Barghouti's evening talk with Judith Butler at Brooklyn College this evening has been the object of much recent controversy among local city officials and in the national media.

Where: TIAA-CREF headquarters, 730 Third Ave (at 45th St.), NYC

When: Thursday February 7, 2013, 8:30 AM to 9:30 AM

What: Demand that TIAA-CREF addresses the concerns of shareholders who have submitted a resolution calling on CREF to divest from Veolia and other companies profiting from the occupation of Palestine. Allow the resolution to go forward and be on the ballot.

Why: This year’s resolution calling for divestment is the next step in the We Divest campaign. Over 100 CREF shareholders have filed a resolution calling on the pension giant to divest from companies profiting from the illegal Israeli occupation and to end their complicity in the violation of Palestinian human rights.

Join Omar Barghouti, of the BDS National Committee, and other activists, academics, and cultural workers to show your support for this campaign at TIAA-CREF’s national headquarters on the eve of the deadline for filing resolutions.

If you are a CREF shareholder and would like to join in filing the resolution, click here.

Signs and hot cocoa will be provided. Dress warmly!

Pages