PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Tuesday, December 18, 2012

Teacher Retirement System Invested In Gun Conglomerate

In this 2006 photo, a Bushmaster AR-15 semi-automatic rifle and ammunition is seen at the Seattle Police headquarters in Seattle. Authorities say the gunman in last week's school shooting in Newtown, Conn. also used a Bushmaster AR-15 rifle. (Ted S. Warren/AP)

In this 2006 photo, a Bushmaster AR-15 semi-automatic rifle and ammunition is seen at the Seattle Police headquarters in Seattle. Authorities say the gunman in last week’s school shooting in Newtown, Conn. also used a Bushmaster AR-15 rifle. (Ted S. Warren/AP)

In a statement on Tuesday, Cerberus Capital Management called the Newtown shooting a “watershed event” and announced it’s getting out of the gun business.

Cerberus owns the gun and ammunition manufacturer Freedom Group Inc. that makes the Bushmaster rifle – used by the Newtown shooter, Adam Lanza, to kill 20 children and six adults at Sandy Hook Elementary School last week.

Martin Feinberg, father of the CEO of Cerberus, lives in Newtown, Conn. He told Bloomberg News that Friday’s school shooting in Newtown, Conn. was “devastating.”

The move by Cerberus comes after it came out that funds from the California State Teachers’ Retirement System (CalSTRS) were invested in Cerberus’ gun conglomerate – apparently in violation of CalSTRS’ investment policies.

Fortune magazine senior editor Dan Primack wonders whether a foreign gun maker will buy Freedom Group.

Guest:


Please follow our community rules when engaging in comment discussion on this site.
Spotlight

Peter O’Dowd follows the route of Abraham Lincoln's funeral train 150 years ago, to look at modern-day race relations and Lincoln's legacy.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

May 26 4 Comments

Old-Fashioned Bell Helps 12-Year-Old Minnesota Boy Battle Cancer

David Gerfast and his family are fighting cancer with an old-fashioned ship captain's bell and high-tech proton beam radiation.

May 26 2 Comments

Just (Lobster) Roll With It: Variations On A Summer Tradition

In New England, lobster rolls are a summer tradition, but if you ask 100 chefs how to make one, you'll get 100 different answers.

May 25 Comment

Father’s Love For Fallen Son Inspires Memorial Day Tradition

In what has become an annual tradition, volunteers join Paul Monti, whose son died while serving in Afghanistan, to plant flags at each gravestone at the Massachusetts National Cemetery.

May 25 3 Comments

An Ordinary Day At Arlington National Cemetery

Official ceremonies will be held at Arlington National Cemetery to commemorate Memorial Day. Here & Now's Lisa Mullins has this report of an ordinary day at the cemetery.