All posts tagged "Divestmentsandspinoffs"

NEW YORK — While still serving as New York Mayor Eric Adams’ chief of staff last year, Frank Carone held stakes worth at least $1.5 million in three different companies, according to a new financial disclosure form that appears to be at odds with public statements about his holdings. The form, which was released by the city Conflicts of Interest Board to the New York Daily News on Friday, is supposed to provide details on all assets held by Carone between Jan. 1, 2022, and Dec. 26, 2022, the date he resigned as Adams’ chief of staff. In the form, Carone reported he held at least a $500,000 sta......

A $300 million slice of Florida’s nearly $200 billion public pension portfolio is invested in Russian companies, even as the pariah nation faces mounting accusations of genocide and other war crimes in Ukraine. Democrats want Florida to divest that tiny part of the fund, arguing the state’s leaders should act swiftly to dump Russian investments. Florida’s holdings include Russian oil producers, mining companies and the country’s largest bank, according to a review from late January. Florida’s chief investment officer says the state’s hands are tied because Russia has blocked foreigners from ma......