Bill Ackman Sent a Text to the CEO of Mastercard. What Happened Next Is a Parable for ESG.
Michelle Celarier, 16 June 2021
On a Saturday morning last December, Bill Ackman was scrolling through Twitter when an article in The New York Times caught his eye. “The Children of Pornhub,” by Nicholas Kristof, told how unauthorized sex — and rape and torture — videos were being spread across the internet on a website called Pornhub, one of the most popular in the world.
Ackman, who has four daughters, was outraged when he read how one teenager ended up a Pornhub victim after sending a naked video of herself to a boy she had a crush on. Harassed and humiliated, the young girl attempted suicide. Continue reading “Article: Bill Ackman Sent a Text to the CEO of Mastercard. What Happened Next Is a Parable for ESG.”
A Big Fund Bought Up Marijuana Stock Aurora Cannabis and Mastercard.
Ed Lin, 15 February 2021
A large pension recently made big changes in its U.S.-traded investments. British Columbia Investment Management raised its investment in marijuana stock Aurora Cannabis (ticker: ACB), and bought more Mastercard (MA) stock, while it cut positions in Visa (V) and Shopify (SHOP) stock in the fourth quarter. The manager of the Canadian province’s public funds disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.
BCI, as the pension is known, declined to comment on the investment changes. It manages $135 billion in assets. BCI bought 232,058 additional shares of Aurora Cannabis to end 2020 with 290,404 shares.
Continue reading “Article: A Big Fund Bought Up Marijuana Stock Aurora Cannabis and Mastercard.”