FanPost

OT: Fidelity Investing in Genocide

Adam: If you feel that the content of this FanPost is just too far removed from normal context of the site and wish to delete it, I completely understand.

Last week, I received a notice from Fidelity International regarding an upcoming Board of Directors meeting and a proposal brought before the shareholders. This proposal, simply stated, would prevent Fidelity from investing in companies that "substantially contribute to genocide or crimes against humanity." The Board of Directors has recommended that shareholders vote against this measure. I've contacted some local print and TV media in the Metroplex, sent e-mails to various human-rights-related non-profit organizations, and have even contacted my employer's HR department as well.

Nevertheless, I feel obligated to mention this here. If you or anyone you know have a Fidelity 401k or (I've subsequently learned that no 401k mutual funds are affected by this proposal) Roth IRA, you may be eligible to vote in this shareholder's proposal. Obviously genocide has its potential upsides in that the Sudanese genocide might give the world the Darfuri Mel Brooks, but I'd rather take my chances and go the other direction.

Anyone seeking further information can find lots of it at Investors Against Genocide.

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