State leaders urged to divest pension funds from China: watchdog [FOX Business Network]
Walt Disney Company (The) (DIS)
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Source: FOX Business Network
FIRST ON FOX: Michael Lucci, CEO of State Armor – a global security watchdog group – issued a cautionary letter to governors and state fiscal leaders, urging them to reconsider investments in China-based companies due to heightened geopolitical risks and the likelihood of increased U.S. restrictions. "In addition, the Chinese Communist Party's (CCP's) extensive control over companies prevents fiduciaries from accurately assessing China-based investments," Lucci wrote. "Indeed, the CCP has taken steps to prohibit accurate audits, and prevent firms from conducting due diligence. The CCP has repeatedly interfered with its stock and bond markets, and places CCP and militia cells within companies." Lucci noted that many states lost pension fund value due to similar oversight with Russian investments before the Ukraine conflict. As tensions rise over Taiwan and the U.S. imposes tighter controls on Chinese financial interests, Lucci advised that states re-evaluate their fiduciary duty t
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- 11/14/24 - Beat
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Sec Filings
- 11/14/24 - Form 10-K
- 11/14/24 - Form 8-K
- 11/12/24 - Form 144
- DIS's page on the SEC website