Magazine

Table: Up in Smoke?


Several state pension funds have dumped tobacco stocks

CALIFORNIA

Divested $800 million in 2000. Subsequent runup could cost $447 million.

FLORIDA

Divested $835 million in 1997. May reinvest with support from Governor Jeb Bush.

KENTUCKY

Partial sale of tobacco stocks began in 1996. Policy rescinded in late 1998.

MARYLAND

First state to sell all its tobacco holdings in April, 1996. Bought back again in 1999.

Data: State Treasurers, BusinessWeek


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