TIAA-CREF Divest

TIAA-CREF Divest Mime Troupe
TIAA-CREF Divest Mime Troupe at our National Day of Action in NYC, July 17, 2013

Event

The Chain Must Break: Divestment from Israeli Occupation as Anti-Corporate Resistance (Left Forum panel)

For years preceding the Arab Spring and the Occupy movement, Palestinian civil society has mobilized nonviolently for accountability in the name of liberation. The international Boycott, Divestment, and Sanctions (BDS) movement for Palestinian rights targets Israel's violations of international law, at the intersection of economic exploitation and political occupation. BDS challenges Israel's moral standing in the world through economic, cultural, and academic boycotts.

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Document

Is TIAA-CREF backing away from its claim to provide financial services "for the greater good"

Sometime between March 19 and April 4 2011, the giant financial services organization TIAA-CREF redesigned its website, www.tiaa-cref.org. The new design no longer features the slogan "For the Greater Good" next to its corporate logo in the headline banner.  Now relegated to plain text near the bottom of the page, the slogan had been a prominent component of the site since 2005.

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Press Release

New Yorkers demand retirement-fund giant TIAA-CREF divest from the Israeli occupation

FOR IMMEDIATE RELEASE

July 19, New York, NY – At rush hour Tuesday in midtown Manhattan, seventy-five New Yorkers from diverse backgrounds protested outside the headquarters of US retirement-fund giant TIAA-CREF, demanding that it end its investment in the Israeli occupation. The New York demonstration is a part of national divestment campaign initiated by Jewish Voice for Peace which saw similar actions in twenty cities nationwide marking the day of TIAA-CREF’s annual shareholder meeting, held this year in Charlotte, NC.

According to reports from Charlotte, the TIAA-CREF shareholder meeting was dominated by discussions about divestment from Israel, despite TIAA-CREF’s quashing of a shareholder resolution on the issue. Last week Israel sparked worldwide controversy by passing an anti-boycott law in an attempt to stop divestment efforts like the TIAA-CREF campaign by making support of boycotts a punishable offense.

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Event

Tell TIAA-CREF to Divest from the Occupation of Palestine

What: Street protest for divestment from Israel's occupation, with creative chants and songs

Why: July 19th is the day of TIAA-CREF's annual shareholders' meeting, held this year in Charlotte, NC. As part of a national campaign, human rights activists in cities across the US will protest to ask retirement-fund giant TIAA-CREF to divest from the Israeli occupation. TIAA-CREF's motto is "For the Greater Good," but this year, TIAA-CREF leadership refused to allow a shareholder resolution for divestment from Israeli occupation to be placed on the ballot at the annual shareholder meeting. Tell TIAA-CREF they can't escape the call for divestment!

For more information, visit www.wedivest.org.

Organized by Adalah-NY: The NY Campaign for the Boycott of Israel; CODEPINK-NYC; Jewish Voice for Peace - NYC; Jewish Voice for Peace - Westchester; Brooklyn For Peace; WESPAC Foundation; Women in Black, Union Square; Jews Say No!

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Press Release

TIAA-CREF Clients Ask Fund to Divest from Levievs Africa-Israel Due to Israeli Settlements, 09/11/2009

(CORRECTION: The report that Adalah-NY references showing TIAA-CREF investment in Africa-israel was actually dated March 31, 2009. This report seems to be no longer available on the TIAA-CREF website, though a copy is available from Adalah-NY. The June 30th report has been made available online in its place as of the past several days by TIAA-CREF. After at least several years of investment in Africa-Israel, TIAA-CREF's June 30th report does not show an investment in Africa-Israel. The June 30th report shows that TIAA-CREF continues to be complicit in funding settlement activity through investments in Israel Discount Bank, Cellcom Israel, Bezeq Israeli Telecommunications Corp, Bank Leumi, and Motorola, among others.)

New York, NY – In an open letter published today, 59 clients of TIAA-CREF (Teachers Insurance and Annuity Association, College Retirement Equities Fund) called on the multi-billion dollar financial services and retirement firm to divest from its holdings in Lev Leviev’s company Africa-Israel due to Africa-Israel’s construction of Israeli settlements in violation of international law. The divestment call comes shortly after Africa-Israel announced that it is unable to repay debts, sending its stocks plummeting, and triggering emergency bondholder meetings.

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Press Coverage

Adnkronos International

Billionaire with settlement links targeted in divestment campaign

Abstract: 

Fifty-nine clients from a US-based financial services and retirement firm have called for it to divest from a company involved in the construction of Israeli settlements and owned by Israeli billionaire Lev Leviev. The TIAA-CREF clients made the appeal in an open letter published by Adalah-NY, a non-governmental organisation involved in a campaign calling for divestment against Israel.

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