Danish Pension Funds Drop Wal-Mart Stock
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/danish-pension-funds-drop-walmart-stock/The Danish Confederation of Trade Unions (Landsorganisationen or LO) has announced that all of its pension funds will sell their shares of Wal-Mart stock in opposition to the "Walmartization" of wages and working conditions worldwide. "As the company has such a bad reputation, and a directly anti-human corporate philosophy, we see no other alternative than to disqualify Wal-Mart as an object for ethically responsible investment," said Svend Sorensen, president of one LO-affiliated pension fund. Continue reading
