Tuesday, April 7, 2015

Caterpillar and Tiaa-Cref. Lies the BDS'ers told me.

Caterpillar. One way or another, the BDS'ers are obsessed by it. Even Medea Benjamin  of Code Pink found Caterpillar irresistible, and kept an investment of $180,000 in Caterpillar stock in her Foundation until 2011.

Caterpillar. Another BDS fail
Its no wonder. Caterpillar performs, both in the field and in the market.  Caterpillar continues to pay a dividend yield of 3.27%, compared to the average 2% dividend paid out by other companies in the S and P index.

Gaza loves their Caterpillars, too, and neither JVP nor the Corries have been able to convince them to give 'em up, begging the question of just who and what is this "Palestinian civil society" we keep hearing about?

Caterpillar in Gaza
But, but, but, you say "Tiaa-Cref divested."   Ummmm.  No.  Several socially conscious funds removed Caterpillar from their portfolio in 2012 as the result of an employee labor dispute. When the issue was resolved Caterpillar was returned to the listing.

In 2012,  the We Divest Website- a JVP sock puppet site proudly proclaimed Caterpillar Removed from TIAA-CREF’s Social Choice Funds , heralding it as a "Victory for Pro-divestment Advocates". The carefully worded press release implied that Tiaa-Cref's choice was the result of activist pressure, when the reality was different. It was another routine business decision manipulated by anti-Israel activists and transformed into yet another BDS hoax

Notice how JVP and friends aren't that quick to announce that today Tiaa-Cref has over $3.4 million invested in Caterpillar in their Social Choice Equity Fund, marking another great big BDS fail ?

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