Divestment vs. Fiduciary Duty: Whose Money is it?

What the divestment debate comes down to is how boards define their fiduciary duty.

[Spoiler: We don’t think divestment is a good idea]

We’re recruiters in the business of finding chief investment officers and senior asset managers, and our readers worry more about investing than divesting.  So you may be forgiven if you overlooked Global Divestment Day on Friday, February 13th.

It was spearheaded by Bill McKibben’s 350.org/Fossil Free group with support from many other Green enthusiasts.  

Mr. McKibben is the Pied Piper of the anti-fossil-fuel movement.  He has been barnstorming the nation’s campuses for years rallying local activists and pressuring boards to remove traditional energy investments from endowment portfolios.

We had our say about the divesters a while back in Skorina Letter 50.

See: “Disinvesting in Logic,” here:

https://www.charlesskorina.com/2013/08/

Today, we think it’s worth another look.

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