US Investors Press Sochi Olympic Sponsors Over Gay Rights

Sochi 2014
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A coalition of US investors managing hundreds of billions of dollars in assets has urged corporate sponsors of the Sochi Winter Olympics to speak out against controversial Russian laws on homosexuality.

“Taking a stand against these prejudicial laws and policies is not just the right thing to do, it protects shareholder interests and corporate reputations,” New York State Comptroller Thomas DiNapoli, who oversees the state’s $160 billion retirement fund, wrote in a letter this week to sponsors of the Sochi Games.

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