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Comment by sn0n | Hacker News Reader

I especially liked this bit "The pension fund for the Boston-area public water utility invests in Cerberus. The California State Teachers’ Retirement System, CalSTRS, is a Cerberus client, as is a pension fund for the Presbyterian Church as well as many university endowments, sovereign wealth funds and philanthropic foundations." Made me chuckle a bit inside, as I know a couple people who are less on the side of guns, as they are more on the side of teaching, who would be dying inside knowing their retirement money is used like this.

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American universities have rushed to move as much lecturing as possible to adjuncts, and cap as many employees as possible at 29 hours/week to avoid the ACA. Just like with a fire-and-brimstone televangelist, it's only immoral if other people do it.

> American universities have rushed to move as much lecturing as possible to adjuncts... it's only immoral if other people do it.

No, it's just plain immoral, not to mention short-sighted. American primary and secondary schools are also squeezing their teachers, by hiring Filipinos on J-1 visas, just like tech companies do with H-1Bs.

It's a bit like like making room in your fridge by pushing everything back, then adding new stuff. It works for awhile, but eventually leaves you with a mess of spoiled milk and rotten vegetables in the back. You can only strip-mine a hill for so long before it's gone.

CalPERS rejected a push by the state treasurer to divest from gun companies that make guns or gun parts that are illegal in California.

I don't think STRS has had the same push for divestment, but they're known for taking a more activist approach. IIRC CalSTRS actually has multiple employees whose entire job is to lobby gun companies to change their policies.

Of course that sort of political and shareholder pressure is what led Smith and Wesson to start putting integral locks in the frame of their revolvers. That decision has had an almost universally negative response from their actual customers— those in-frame locks have a tendency to get rattled around by recoil and freeze the gun in an unsafe state.

There are so many people that view investing like this. It's best to leave your morals and worldview to the side when investing, or letting others invest on your behalf.

If you're opposed to guns, isn't this a good thing? You make money and destroy 18 gun companies in the process.

Bankruptcy comes in different flavors, and rather than a Chapter 7 liquidation, it's a "pre-packaged" Chapter 11 reorganization, according to Wikipedia's introduction "Remington exited bankruptcy in May 2018, less than two months after filing for protection under Ch. 11 laws. Remington's quick exit from bankruptcy was due to a pre-approved restructuring plan that was supported by 97% of its creditors."

All part of the game that got them into this mess in the first place.

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