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.

September 1 12 Comments

Favorite Son Hopes To Revive Michigan Football

The story of what's happened at Michigan over the last decade plays out in a new book by John Bacon.

September 1 3 Comments

Living With ALS In The Ice Bucket Age

Corey Reich was diagnosed with Lou Gehrig's disease in 2007 when he was 21. Now 29, he continues to do well.

August 31 Comment

Adapting ‘The Boys In The Boat’ For Young Adult Readers

Daniel James Brown decided to adapt his book after an increasing number of young people told him they loved the story.

August 28 Comment

DJ Session: The Music Of New Orleans, 10 Years After Katrina

Nick Spitzer talks about the music that has resonated in the city since the storm, and how the music scene has changed.