Stock has earned PCUSA nearly $400,000 since GA The Layman Online Wednesday, November 10, 2004 Since the General Assembly voted overwhelmingly in July to divest of funds in multinational corporations that do business with Israel – with Caterpillar being a prime target – the value of stock in that company has been rising steadily. At early afternoon today, Caterpillar stock was trading at $88.55 a share. When the General Assembly voted for divestment, the stock traded at $77.98. In less than five months, the value of the Presbyterian Church (USA) shares has increased by $392,147, or 13.6 percent. The Presbyterian Foundation, which underwrites the major portion of the denomination's mission budget, owns 36,900 shares of Caterpillar stock. The Board of Pensions owns 200. |
||
Respond to this article |
||
| Home
· Archives
· The
Layman ·
PLC
Publications Presbyterian Lay Committee · Feedback · Links |
||