Tobacco Divestiture Urged.Treasurer Phil Angelides Philip Nicholas "Phil" Angelides (IPA: æn.dʒε.'lid.ɪs) (born June 11, 1953 in Sacramento, California), is a California politician who was California State Treasurer and the unsuccessful Democratic nominee for Governor of California in the 2006 elections. urged the huge state teachers' pension fund to consider divesting itself of all tobacco stocks, joining the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. teachers union, which issued a similar call last month. Angelides also said he will not invest any of the $33 billion in state money he manages in tobacco stocks, continuing a trend in the office that began five years ago. Angelides, one of 12 trustees of the $110 billion California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). State Teacher Retirement System pension fund, will probably face opposition from Controller Kathleen Connell Kathleen Connell was the California State Controller from 1995 until 2003. She is currently President of the Connell Group, an investment advisory firm located in Washington, D.C. Dr. , another trustee and possible candidate for L.A. mayor. She pointed out that the teachers' pension fund board considered the issue in 1998, and decided against selling tobacco holdings, currently valued at $323 million. |
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