The New York State Common Retirement Fund, Albany, has filed shareholder proposals with four cigarette manufacturers, asking them to voluntarily adopt restrictions on marketing to teenagers, New York Comptroller H. Carl McCall, sole trustee of the $78 billion pension fund, announced today.
The pension fund owns shares in the four tobacco companies valued at nearly $500 million. The pension fund owns nearly 4.5 million shares of Philip Morris Cos. Inc., about a million shares in UST Inc., 633,000 shares in RJR Nabisco Holdings Corp. and nearly 500,000 shares in Loews Corp.
