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I'm sure Apple can create some more granular controls to restrict certain apps, but it's probably going to hurt CalSTRS. I took a look at their 13F filing and
by IBM 9y ago
I'm sure Apple can create some more granular controls to restrict certain apps, but it's probably going to hurt CalSTRS.
I took a look at their 13F filing and some of their holdings include Google, Facebook and Twitter. They should probably start with divesting that if they feel really strongly about this.
- SamPutnam 9y agoI would think this is Jana's move and CalSTRS is just a pawn. Rosenstein is scrappy and happy to stir the pot to invoke a stock price spike (see PetSmart sale and Whole Foods).
- IBM 9y agoJana is raising a fund for activist socially responsible investing, so that's clearly their motivation [1]. CalSTRS is $1.3B of the combined $2B so I doubt they're "just a pawn". [1] https://www.wsj.com/articles/wall-street-fighters-do-goodersand-stingconverge-in-new-jana-fund-1515358929 https://www.wsj.com/articles/wall-street-fighters-do-gooders...