Nuns and Shareholder Advocacy Favorite 

Date: 

Apr 3 2013

Location: 

Philadelphia, PA

These Nuns mean business!

Like most Nuns, the Sister's of St. Francis in Philadelphia fight for causes in social justice, from fighting for farm worker's rights to battling McDonald's over childhood obesity.

However, these nuns have recently taken it to a new level by "using the investments in their retirement fund to become Wall Street’s moral minority."

By buying the minimum (usually $2,000) amount of shares of large corporations such as GE, Nestle, and WalMart these nuns attain a vote as a shareholder. In this way, they have been able submit resolutions for change within the unfair practices of these companies.

Their next big target is Family Dollar, whom they believe may violate fair labor policies.

Posted by mew430 on