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The New York Public Interest Research Group (NYPIRG) is a not-for-profit, nonpartisan research and advocacy organization established, directed and supported by New York State college and university students.
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NEWS RELEASE
For immediate release: [7 pages] For more information:
Friday April 29, 2011 Bill Mahoney 518 817-3738Russ Haven 518 436-0876
2010 Political Activity by Companies invested in by the New York State Pension Fund
In the past week, attention has been brought to actions by placement agents and state legislators to influenceinvestments made by New York
State’s Common Retirement Fund
.In 2010, 265 of the companies whose shares and funds are invested in by the New York State CommonRetirement Fund spent a total of $31,931,816 lobbying in the state.
1
The Fund currently invests$26,861,288,051, or 44.1% of its domestic and international equity, in these companies.
2
Additionally, thesecompanies gave $2,595,055 to the le
gislative leaders’ campaign committees in 2010
, representing half (49.18%)of the money these leadership committees received directly from businesses.Since April of 2009, the use of placement agents and lobbying the Comptroller on investment decisions has beenbanned. Thus, the companies identified lobbied on issues other than investments by the pension fund, asdisclosed in reports filed with the Commission on Public Integrity. As the public discussion unfolds about whatrole, if any, lobbying should play in investment decisions, this information provides a window into the resourcesdeployed and the potential influence
wielded by major players in the state’s pension fund.
 
Company NamePension FundInvestment Lobbying
3M Company $220,456,741 $60,000Abbott Laboratories $284,426,590 $51,579Acciona S.A. $1,572,108 $101,162Ace Ltd $25,717,479 $134,708Adobe Systems Inc $75,979,323 $10,626Aecom Technology Corp $12,251,471 $120,000Aeon Company Ltd $20,717,081 $59,800AES Corp/The $24,871,484 $15,250Aetna Inc $65,839,817 $144,450Air Products & Chemicals Inc $58,442,759 $96,828Alcatel-Lucent $5,531,272 $124,739Alcoa Inc $50,189,777 $32,187Alexandria Real Estate Equities Inc $13,124,540 $24,000
1
These 265 companies are the only ones that directly
lobbied and were invested in the state’s pension fund.
 
2
Investment totals were current as of 2010, and obtained fromhttp://www.osc.state.ny.us/retire/word_and_pdf_documents/publications/cafr/asset_listings_10.pdf . 
 
2
Align Technology Inc $5,598,447 $50,294Allergan Inc $91,632,202 $126,197Allianz AG $54,278,082 $3,781Allstate Corp/The $84,306,257 $125,800Altria Group Inc $139,981,961 $1,067,502American Express Company $174,301,220 $70,968American International Group Inc $15,491,196 $216,696Amerigroup Corp $19,011,618 $150,340Amgen Inc $227,651,477 $88,612Amylin Pharmaceuticals Inc $443,053 $24,931Anheuser-Busch InBev Nv $39,977,271 $124,541AOL Inc $10,596,618 $125,540Apple Inc $819,353,615 $131,798Applied Materials Inc $60,807,309 $35,000Astellas Pharma Inc $44,529,849 $70,155Astrazeneca plc $60,339,402 $175,695AT&T Inc $568,539,510 $418,358Atco Ltd - Non-Voting Shares $241,053 $24,000Avalonbay Communities Inc $23,193,869 $60,027Avis Budget Group Inc $2,947,450 $78,486Bank of America Corp $657,690,926 $176,747Bank of New York Mellon Corp $127,307,154 $137,135Barclays plc $34,717,818 $28,595Barnes & Noble Inc $2,968,426 $48,132BASF AG $49,131,903 $850Baxter International Inc $155,382,826 $49,608Bayer AG $68,811,723 $79,352Bio-Reference Laboratories Inc $2,805,286 $59,458BJ's Wholesale Club Inc $8,770,329 $67,138Blackboard Inc $904,022 $30,050Blackrock Inc $12,369,857 $177,132Blackstone Group LP/The $9,338,560 $123,486Bombardier Inc - Class B $4,906,996 $140,343Boston Beer Company Inc/The - Class A $1,068,717 $90,882BP plc - Sponsored ADR $10,998,873 $66,930Bridgestone Corp $6,813,164 $53,482Bristol-Myers Squibb Company $172,947,488 $162,743CA Inc $33,067,352 $191,640Cablevision Systems Corp NY Group - Class A $74,834 $980,191Calpine Corp $2,197,272 $7,008Canon Inc $109,918,561 $120,622Cantel Medical Corp $571,680 $28,000Capital One Financial Corp $69,764,048 $88,541Cardtronics Inc $2,602,619 $49,482
 
3
Caterpillar Inc $131,597,153 $37,443CBS Corp - Class B $40,499,004 $8,913CGI Group Inc $7,329,455 $209,175Chesapeake Energy Corp $54,614,381 $1,090,958Chubb Corp/The $65,242,803 $30,949Ciena Corp $5,160,066 $3,000Cigna Corp $34,002,829 $155,630Cisco Systems Inc $571,816,628 $216,733Citigroup Inc $269,641,208 $215,529Citrix Systems Inc $41,554,004 $44,037CNA Financial Corp $336,672 $125,320Coach Inc $53,679,423 $63,341Coca-Cola Company/The $475,456,514 $471,293Comcast Corp - Class A $192,076,882 $40,000CommVault Systems Inc $1,799,805 $24,537Computer Sciences Corp $40,951,033 $135,731ConocoPhillips Company $284,552,942 $37,401Consolidated Edison Inc $43,048,133 $242,264Constellation Energy Group Inc $32,267,846 $122,151Continental Airlines - Class B $11,760,541 $36,614Corning Inc $109,204,775 $53,540Covanta Holding Corp $1,559,259 $342,066CSX Corp $66,760,236 $88,496CVS Caremark Corp $173,015,008 $105,164Daiichi Sankyo Company Ltd $7,179,962 $46,456Darden Restaurants Inc $21,132,671 $77,261Delta Air Lines Inc $2,611,610 $98,591Deutsche Bank AG - Registered $190,113,602 $0DeVry Inc $14,991,436 $151,821Diageo plc $21,258,061 $4,284DIRECTV - Class A $115,199,258 $48,750DISH Network Corp - Class A $3,176,799 $120,180Dollar Thrifty Automotive Group Inc $2,445,093 $37,404Dominion Resources Inc $91,758,630 $11,968Dr Pepper Snapple Group Inc $32,998,956 $42,490Dun & Bradstreet Corp/The $13,394,856 $67,200Dynegy Inc - Class A $3,364,147 $36,000Eastman Kodak Company $6,116,463 $89,068Ebay Inc $108,478,763 $118,221Education Management Corp $615,390 $84,132Eisai Company Ltd $1,695,768 $38,865Eli Lilly & Company $139,953,428 $362,401EMC Corp $147,021,454 $124,700Endo Pharmaceuticals Holdings Inc $14,147,668 $58,546
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