By Jonathan Stempel NEW YORK (Reuters) - New York's public pension fund, one of the largest pension funds in the United States, will divest its holdin.
New York State Comptroller Thomas DiNapoli and city Comptroller Brad Lander lauded the SEC’s proposal, saying environmental transparency is beneficial to the state and city pension plans.
McDonald's CFO Ken Ozan emphasized the fast-food giant is still calculating the overall impact, which will include paying for its leased locations, the salaries of its approximately 62,000 employees in Russia, related supply-chain costs and other expenses.
The New York State Comptroller's office helps guide a $280 billion fund that has an estimated $110.8 million in public equity investments, including direct holdings and co-mingled funds in Russian companies.