90.9 WBUR - Boston's NPR news station
Top Stories:
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.
Robin and Jeremy

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

March 26 2 Comments

Noah Baumbach On Middle Age And ‘While We’re Young’

In the writer-director's new film, Ben Stiller and Naomi Watts' characters befriend a younger, free-spirited couple.

March 26 Comment

How March Became Mad

The NCAA men's tournament started in 1939 but it was decades before it became the extravaganza it is today.

March 25 4 Comments

DJ Sessions: Opera Greats Past And Present

Peter Van de Graaf shares some of his favorites, from the late German tenor Fritz Wunderlich to American soprano Renee Fleming.

March 25 17 Comments

The College You Go To May Not Matter As Much As You Think

Frank Bruni writes in his new book that there are many colleges that are great, but just don't get as much press.