TIAA CREF AND SOUTH AFRICA: TIME FOR DIVESTMENT

by TIAA-CREF Divestment Campaign
Hanover, New Hampshire, United States
Undated, late 1985 or early 1986
3 pages
Type: Report
Coverage in Africa: Namibia, South Africa
Coverage outside Africa: United States
Language: English
The report says the Teachers Insurance and Annuity Association and College Retirement Equities Fund (TIAA-CREF) owns more than $7 billion in securities of U.S. companies operating in South Africa, making it one of the largest stockholders in these companies; with assets of $39 billion and a membership of 800,000, TIAA-CREF is the largest pension fund in the world; were it do divest, U.S. companies and, more important, the South African minority government would take note. The report says the Campaign is now mobilizing a large number of TIAA-CREF members to support the Call for Divestment before the nest Board meetings of TIAA and CREF on February 20, 1986. The report discusses the struggle for freedom in South Africa, police and military violence, international economic pressure, the State of Emergency, Columbia, Iowa, Michigan State University, Arizona State, companies operating in South Africa, Claire Sheahan, the Association of Concerned Africa Scholars (ACAS), political detainees and prisoners, Nelson Mandela, the African National Congress (ANC), Hunter College, William Cotter, Colby College, Joseph Murphy, the City University of New York (CUNY), Donna Shalala, Robert Cummings, Howard University, the African Studies Association (ASA), James MacDonald, the Sullivan Principles, the South African labor force, Black political rights, apartheid, Reverend Allan Boesak, Anthony Lewis, the right to vote, the World Alliance of Reformed Churches, and the Ford Motor Company. • The Urgent Need for TIAA-CREF to Divest • TIAA-CREF's Present Policy on South Africa • The Call for TIAA-CREF to Divest • TIAA-CREF's Response to Our Demands • Critique of TIAA-CREF's Policy • Next Steps in the Divestment Campaign
Used by permission of several co-chairs of the Association of Concerned Africa Scholars.
Collection: Association of Concerned Africa Scholars Papers, Michigan State University Libraries Special Collections