Divest Oregon's Future Out of Companies that Promote Injustice

Tobias Read, Oregon State Treasurer

Oic_divest

Dear Mr. Read:

We write today as people of faith and people of good will, directed and inspired by our diverse traditions to honor workers, create justice systems that restore instead of punish and cultivate a society that protects the vulnerable.

As you know, the Oregon Investment Council (OIC) oversees the investment and allocation of all State of Oregon trust funds, including the retirement investments for public workers, or PERS.

Unfortunately, it has come to our attention that some of these funds are now being trusted with the Portland-based private equity firm Endeavour Capital, the majority owner of New Seasons Market and Aladdin Bail Bonds, and a repeat investor in for-profit educational companies.

Public workers across Oregon have dedicated years of their working lives  to serving the common good, and now part of their future is being tied into the interest of something quite opposite. Endeavour Capital owned companies have:

  • Hired an aggressive union busting consultant to intimidate New Seasons workers in Portland and maintained an overtly hostile position toward employees organizing for improved working conditions in Oregon and Washington
  • profited off mass incarceration and private bail bonds
  • ·contributed almost $800,000 to a political action committee in California to defeat legislation meant to protect people from bail bond profiteers

Endeavour has also received significant investment from the Murdock Charitable Trust, which has funded extreme anti-LGBTQ causes like the so-called "ex-gay therapy" (or “conversion therapy”).  

We believe that these actions offend the common call of justice at the core of all faith traditions, and that our public workers deserve better.  We ask that the OIC listen to people of faith and people of good will, act as responsible fiduciaries for Oregon's future, act justly, and divest from Endeavour Capital.


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To: Tobias Read, Oregon State Treasurer
From: [Your Name]

Dear Mr. Read:

We, the undersigned write today as people of faith and people of good will, directed and inspired by our diverse traditions to honor workers, create justice systems that restore instead of punish and cultivate a society that protects the vulnerable.

As you know, the Oregon Investment Council (OIC) oversees the investment and allocation of all State of Oregon trust funds, including the retirement investments for public workers, or PERS.

Unfortunately, it has come to our attention that some of these funds are now being trusted with the Portland-based private equity firm Endeavour Capital, the majority owner of New Seasons Market and Aladdin Bail Bonds, and a repeat investor in for-profit educational companies.

Public workers across Oregon have dedicated years of their working lives to serving the common good, and now part of their future is being tied into the interest of something quite opposite. Endeavour Capital owned companies have:

1. Hired an aggressive union busting consultant to intimidate New Seasons workers in Portland and maintained an overtly hostile position toward employees organizing for improved working conditions in Oregon and Washington

2. profited off mass incarceration and private bail bonds

3. contributed almost $800,000 to a political action committee in California to defeat legislation meant to protect people from bail bond profiteers

Endeavour has also received significant investment from the Murdock Charitable Trust, which has funded extreme anti-LGBTQ causes like the so-called "ex-gay therapy" (or “conversion therapy”).

We believe that these actions offend the common call of justice at the core of all faith traditions, and that our public workers deserve better. We ask that the OIC listen to people of faith and people of good will, act as responsible fiduciaries for Oregon's future, act justly, and divest from Endeavour Capital.