On Friday, December 1, Eric Byler of The Young Turks interviewed our Senior Counsel Shanna Cleveland about our latest victory in the campaign to divest California and New York public pension funds from the Trump SoHo Hotel & Condominium. This is a must-watch interview on how we’re leading the fight to end the corruption of the Trump administration!
Over the past four months, thousands of Californians and New Yorkers from all walks of life have joined the campaign asking CalPERS and the New York State Comptroller to exert pressure on the fund manager, CIM Group LP, to liquidate the Trump SoHo, terminate the arrangement with the Trump Organization to market and manage the Trump SoHo, or divest from the fund altogether. Dedicated individuals made trips to Sacramento to call upon CalPERS’ Board of Directors to protect beneficiaries from this corruption, and at the end of October, Rep. Ted Lieu and 11 of his fellow members of the California congressional delegation urged CalPERS to take immediate action.
Just before Thanksgiving, news broke that CIM Group will buy out the Trump Organization and terminate its agreement with Trump International Hotels Management to market and manage the Trump SoHo years before the contract expires. This is a tremendous outcome that will end the illegal payments from state pension funds to the President, and it shows the power of people to end corruption by shining a light on it.
We thank all who took a stand!