Chicago Firefighters Won't Drop Smith & Wesson Stock
Mayor Rahm Emanuel isn’t used to being told “no,” but that’s the answer he has gotten from the firefighters pension fund this week on two major issues: duty disability reform and his call for the fund to dump its stock with assault weapons manufacturers.
Two motions were made at Wednesday’s meeting of the Chicago Firefighters Annuity and Benefits Fund — one to divest $173,000 in Smith & Wesson stock, the other to ride herd over the 390 firefighters and paramedics who together collect $27 million a year in taxpayer-funded duty disability pay. . .