Trustees Of NYC’s $250 Billion Pension Funds Warn Studios That They Risk Losing Investor Confidence If WGA & SAG-AFTRA Strikes Drag On
deadline.comTrustees of New York City’s $250 billion pension funds have warned Disney, Paramount and Comcast that they risk losing investor confidence if they allow the Writers Guild and SAG-AFTRA strikes to drag on much longer.
The WGA has been on strike since May 2, and SAG-AFTRA since July 14. The letters, signed by New York City Comptroller Brad Lander on behalf of the trustees of the city’s five pension funds, urged the companies “to end the WGA and SAG-AFTRA strikes promptly” in order to “ensure the long-term stability” of their businesses and their shareholders’ investments.
In a letter to Disney CEO Bob Iger, Lander noted that the pension funds “are substantial long-term Disney shareholders of The Walt Disney Company, with approximately 2.7 million shares valued at $229.2 million.” See the letter to Iger here.
In a similar letter to Comcast chairman and CEO Brian Roberts, Lander noted that the pension funds “are substantial long-term Comcast shareholders, with approximately 6.3 million shares valued at $272.7 million.” See the letter to Roberts here.
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