NEWS RELEASE

For immediate release: [7 pages]
Friday April 29, 2011

For more information:
Bill Mahoney 518 817-3738
Russ 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 influence
investments 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 Common
Retirement 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, these
companies gave $2,595,055 to the legislative 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 been
banned. Thus, the companies identified lobbied on issues other than investments by the pension fund, as
disclosed in reports filed with the Commission on Public Integrity. As the public discussion unfolds about what
role, if any, lobbying should play in investment decisions, this information provides a window into the resources
deployed and the potential influence wielded by major players in the state’s pension fund.
Pension Fund
Investment
$220,456,741
$284,426,590
$1,572,108
$25,717,479
$75,979,323
$12,251,471
$20,717,081
$24,871,484
$65,839,817
$58,442,759
$5,531,272
$50,189,777
$13,124,540

Company Name
3M Company
Abbott Laboratories
Acciona S.A.
Ace Ltd
Adobe Systems Inc
Aecom Technology Corp
Aeon Company Ltd
AES Corp/The
Aetna Inc
Air Products & Chemicals Inc
Alcatel-Lucent
Alcoa Inc
Alexandria Real Estate Equities Inc

Lobbying
$60,000
$51,579
$101,162
$134,708
$10,626
$120,000
$59,800
$15,250
$144,450
$96,828
$124,739
$32,187
$24,000

1

These 265 companies are the only ones that directly lobbied and were invested in the state’s pension fund.
Investment totals were current as of 2010, and obtained from
http://www.osc.state.ny.us/retire/word_and_pdf_documents/publications/cafr/asset_listings_10.pdf.
2

107 Washington Avenue, 2nd Floor • Albany, New York 12210-2270 • 518-436-0876 • Fax 518-432-6178
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.
NYPIRG’s staff of lawyers, researchers and organizers works with students and other citizens, developing citizenship skills and shaping public policy. Environmental preservation, consumer protection, fiscal
responsibility, political reform, and social justice are NYPIRG’s principal areas of concern.
Recycled paper

2

Align Technology Inc
Allergan Inc
Allianz AG
Allstate Corp/The
Altria Group Inc
American Express Company
American International Group Inc
Amerigroup Corp
Amgen Inc
Amylin Pharmaceuticals Inc
Anheuser-Busch InBev Nv
AOL Inc
Apple Inc
Applied Materials Inc
Astellas Pharma Inc
Astrazeneca plc
AT&T Inc
Atco Ltd - Non-Voting Shares
Avalonbay Communities Inc
Avis Budget Group Inc
Bank of America Corp
Bank of New York Mellon Corp
Barclays plc
Barnes & Noble Inc
BASF AG
Baxter International Inc
Bayer AG
Bio-Reference Laboratories Inc
BJ's Wholesale Club Inc
Blackboard Inc
Blackrock Inc
Blackstone Group LP/The
Bombardier Inc - Class B
Boston Beer Company Inc/The - Class A
BP plc - Sponsored ADR
Bridgestone Corp
Bristol-Myers Squibb Company
CA Inc
Cablevision Systems Corp NY Group - Class A
Calpine Corp
Canon Inc
Cantel Medical Corp
Capital One Financial Corp
Cardtronics Inc

$5,598,447
$91,632,202
$54,278,082
$84,306,257
$139,981,961
$174,301,220
$15,491,196
$19,011,618
$227,651,477
$443,053
$39,977,271
$10,596,618
$819,353,615
$60,807,309
$44,529,849
$60,339,402
$568,539,510
$241,053
$23,193,869
$2,947,450
$657,690,926
$127,307,154
$34,717,818
$2,968,426
$49,131,903
$155,382,826
$68,811,723
$2,805,286
$8,770,329
$904,022
$12,369,857
$9,338,560
$4,906,996
$1,068,717
$10,998,873
$6,813,164
$172,947,488
$33,067,352
$74,834
$2,197,272
$109,918,561
$571,680
$69,764,048
$2,602,619

$50,294
$126,197
$3,781
$125,800
$1,067,502
$70,968
$216,696
$150,340
$88,612
$24,931
$124,541
$125,540
$131,798
$35,000
$70,155
$175,695
$418,358
$24,000
$60,027
$78,486
$176,747
$137,135
$28,595
$48,132
$850
$49,608
$79,352
$59,458
$67,138
$30,050
$177,132
$123,486
$140,343
$90,882
$66,930
$53,482
$162,743
$191,640
$980,191
$7,008
$120,622
$28,000
$88,541
$49,482

3

Caterpillar Inc
CBS Corp - Class B
CGI Group Inc
Chesapeake Energy Corp
Chubb Corp/The
Ciena Corp
Cigna Corp
Cisco Systems Inc
Citigroup Inc
Citrix Systems Inc
CNA Financial Corp
Coach Inc
Coca-Cola Company/The
Comcast Corp - Class A
CommVault Systems Inc
Computer Sciences Corp
ConocoPhillips Company
Consolidated Edison Inc
Constellation Energy Group Inc
Continental Airlines - Class B
Corning Inc
Covanta Holding Corp
CSX Corp
CVS Caremark Corp
Daiichi Sankyo Company Ltd
Darden Restaurants Inc
Delta Air Lines Inc
Deutsche Bank AG - Registered
DeVry Inc
Diageo plc
DIRECTV - Class A
DISH Network Corp - Class A
Dollar Thrifty Automotive Group Inc
Dominion Resources Inc
Dr Pepper Snapple Group Inc
Dun & Bradstreet Corp/The
Dynegy Inc - Class A
Eastman Kodak Company
Ebay Inc
Education Management Corp
Eisai Company Ltd
Eli Lilly & Company
EMC Corp
Endo Pharmaceuticals Holdings Inc

$131,597,153
$40,499,004
$7,329,455
$54,614,381
$65,242,803
$5,160,066
$34,002,829
$571,816,628
$269,641,208
$41,554,004
$336,672
$53,679,423
$475,456,514
$192,076,882
$1,799,805
$40,951,033
$284,552,942
$43,048,133
$32,267,846
$11,760,541
$109,204,775
$1,559,259
$66,760,236
$173,015,008
$7,179,962
$21,132,671
$2,611,610
$190,113,602
$14,991,436
$21,258,061
$115,199,258
$3,176,799
$2,445,093
$91,758,630
$32,998,956
$13,394,856
$3,364,147
$6,116,463
$108,478,763
$615,390
$1,695,768
$139,953,428
$147,021,454
$14,147,668

$37,443
$8,913
$209,175
$1,090,958
$30,949
$3,000
$155,630
$216,733
$215,529
$44,037
$125,320
$63,341
$471,293
$40,000
$24,537
$135,731
$37,401
$242,264
$122,151
$36,614
$53,540
$342,066
$88,496
$105,164
$46,456
$77,261
$98,591
$0
$151,821
$4,284
$48,750
$120,180
$37,404
$11,968
$42,490
$67,200
$36,000
$89,068
$118,221
$84,132
$38,865
$362,401
$124,700
$58,546

4

Entergy Corp
Equity One Inc
Estee Lauder Companies Inc - Class A
Expedia Inc
Exxon Mobil Corp
Fedex Corp
Fidelity National Financial Inc - Class A
First American Corp
Ford Motor Company
Forest City Enterprises Inc - Class A
Forest Laboratories Inc
Frontier Communications Corp
Gartner Inc
General Electric Company
Genting International Ltd
Genworth Financial Inc - Class A
Gilead Sciences Inc
Glaxosmithkline plc
Goldman Sachs Group Inc/The
Goldman Sachs Ssga Emerging Markets Fund
Google Inc - Class A
H&R Block Inc
Hartford Financial Services Group Inc/The
Health Management Associates Inc - Class A
Heineken Nv
Hertz Global Holdings Inc
Hess Corp
Hewlett-Packard Company
Honda Motor Company
Honeywell International Inc
HSBC Holdings plc
Hub Group Inc - Class A
Iberdrola Renovables
Iberdrola S.A.
Illinois Tool Works Inc
ING Groep Nv
Intel Corp
International Business Machines Corp
International Paper Company
Janus Capital Group Inc
JC Penney Company Inc
Johnson & Johnson
Johnson Controls Inc
Jones Lang Lasalle Inc

$60,152,468
$2,365,028
$47,158,349
$19,238,744
$1,114,812,374
$146,987,316
$13,403,252
$12,735,684
$147,763,807
$563,431
$42,824,652
$7,747,257
$18,999,209
$682,534,671
$686,199
$35,073,691
$171,984,530
$115,883,523
$379,822,551
$147,849,716
$550,819,029
$19,675,586
$41,749,833
$13,931,140
$9,848,876
$2,062,386
$61,943,578
$471,933,838
$42,066,736
$121,637,185
$152,357,335
$2,090,106
$12,868,772
$52,115,652
$85,690,437
$50,253,627
$472,839,596
$603,497,304
$37,037,509
$7,914,802
$33,505,473
$656,823,887
$92,337,558
$22,565,432

$460,770
$83,792
$91,293
$88,516
$186,549
$99,000
$236,977
$147,239
$48,000
$54,430
$10,000
$7,945
$36,037
$351,485
$75,000
$85,722
$76,624
$137,010
$915,611
$202,701
$64,857
$58,458
$127,457
$85,566
$37,351
$51,814
$120,998
$355,691
$74,410
$98,486
$135,880
$20,000
$140,000
$24,196
$18,401
$0
$83,750
$172,043
$31,619
$24,834
$100,804
$149,406
$42,600
$135,000

5

JPMorgan Chase & Company
Keycorp
Kraft Foods Inc
Lafarge-Coppee S.A.
Lamar Advertising Company
Lloyds Tsb Group
Lockheed Martin Corp
Lorillard Inc
Lubrizol Corp/The
Macerich Company/The
Macy's Inc
Magellan Health Services Inc
Marriott International Inc - Class A
Mastercard Inc - Class A
Maximus Inc
McAfee Inc
McDonald's Corp
McGraw-Hill Companies Inc/The
McKesson Corp
Medco Health Solutions Inc
Medtronic Inc
Merck & Company Inc
Metlife Inc
Microsoft Corp
Molson Coors Brewing Company - Class B
Monsanto Company
Morgan Stanley
Motorola Inc
National Fuel Gas Company
National Grid plc
Nationwide Health Properties Inc
Navistar International Corp
Nestle S.A. - Registered
Netapp Inc
News Corp - Class A
Noble Energy Inc
Norfolk Southern Corp
Northrop Grumman Corp
Novartis AG - Regular Shares
Novell Inc
Novo Nordisk A/S
NRG Energy Inc
Nucor Corp
Office Depot Inc

$689,231,311
$24,566,965
$204,872,855
$17,332,201
$7,117,320
$34,044,387
$100,404,514
$40,312,764
$43,617,446
$14,596,111
$41,897,127
$6,283,730
$30,112,002
$92,769,436
$4,099,675
$25,943,042
$251,261,849
$40,224,537
$77,104,873
$132,786,362
$187,928,157
$449,244,531
$122,563,396
$807,861,074
$21,458,255
$138,286,261
$144,740,870
$70,552,636
$16,744,182
$12,190,849
$15,119,773
$3,615,526
$180,502,574
$55,111,186
$110,891,435
$75,126,052
$89,371,799
$90,154,947
$110,650,460
$5,818,045
$48,795,145
$19,693,694
$60,271,129
$8,655,236

$171,966
$63,729
$137,205
$150,972
$96,666
$2,226
$12,000
$7,200
$0
$90,000
$10,712
$26,320
$11,351
$68,582
$180,395
$38,500
$67,688
$42,057
$17,005
$66,428
$164,881
$120,660
$162,375
$207,919
$1,099
$46,703
$244,111
$212,479
$51,440
$185,941
$115,477
$13,668
$134,029
$72,000
$57,296
$63,486
$113,033
$277,472
$77,087
$54,037
$55,588
$443,225
$114,343
$40,914

6

Oracle Corp
OSI Pharmaceuticals Inc
Owens-Illinois Inc
Paetec Holding Corp
Pearson plc
Penn National Gaming Inc
Pepco Holdings Inc
Pepsico Inc
Pfizer Inc
Pitney Bowes Inc
Portfolio Recovery Associates Inc
Procter & Gamble Company/The
Progressive Corp/The
Prudential Corp
Qwest Communications International Inc
Reckitt Benckiser Group plc
Red Hat Inc
Reed Elsevier Nv
Reed Elsevier plc
Rent-A-Center Inc
Res-Care Inc
Reynolds American Inc
Roche Holding AG - Genuss
Royal Dutch Shell plc - A Shares
RPM International Inc
Sabmiller plc
Sanofi-Aventis
Scholastic Corp
Scotts Miracle-Gro Company/The - Class A
Sealy Corp
Shuffle Master Inc
Siemens AG
SL Green Realty Corp
Sony Corp
Sotheby's
Spectra Energy Corp
Sprint Nextel Corp
Standard Register Company/The
Starbucks Corp
Sunoco Inc
Symantec Corp
Takeda Pharmaceutical Company
Talecris Biotherapeutics Holdings Corp
Taubman Centers Inc

$378,849,578
$14,119,186
$34,249,010
$7,125,122
$26,991,804
$451,722
$12,414,028
$429,509,529
$529,012,021
$16,614,851
$3,275,739
$646,363,346
$56,640,755
$8,048,817
$30,829,106
$7,219,085
$18,837,587
$30,825,107
$18,531,015
$10,271,952
$601,898
$31,416,360
$174,729,166
$154,846,593
$10,998,295
$4,350,492
$153,973,538
$2,667,700
$12,834,315
$1,993,600
$6,849,256
$131,312,959
$19,414,530
$36,784,874
$7,639,217
$57,163,003
$37,699,532
$111,815
$79,428,332
$14,803,721
$54,506,173
$54,163,732
$1,992
$1,936,120

$242,564
$51,962
$80,268
$26,287
$61,799
$60,239
$9,000
$152,076
$553,026
$126,716
$22,800
$64,541
$49,057
$30,951
$30,504
$185,755
$5,000
$10,167
$54,105
$62,976
$72,000
$90,000
$60,759
$64,541
$86,552
$105,718
$55,283
$55,063
$61,483
$20,000
$63,486
$140,746
$220,132
$48,273
$31,068
$265,487
$82,554
$30,947
$60,896
$121,851
$90,000
$59,970
$12,487
$123,486

7

TD Ameritrade Holding Corp
Teva Pharmaceutical Industries Ltd - Sponsored ADR
Thomson Reuters Corp
Time Warner Cable Inc
Time Warner Inc
Toll Brothers Inc
Toyota Industries Corp
Travelers Companies/The
UBS AG - Registered
United Parcel Service Inc - Class B
United Technologies Corp
Vectren Corp
Verisign Inc
Verizon Communications Inc
Visa Inc - Class A
Vornado Realty Trust
Walgreen Company
Wal-Mart Stores Inc
Walt Disney Company/The
Waste Management Inc
WellCare Health Plans Inc
WellPoint Inc
Wells Fargo & Company
Wendys/Arbys Group Inc - Class A
Western Union Company
Whole Foods Market Inc
Williams Companies Inc/The
Xerox Corp
Yahoo! Inc
Yum! Brands Inc
Zurich Financial Services Ltd

$3,515,617
$21,585,976
$82,514
$70,920,745
$135,334,653
$12,116,250
$80,674,907
$104,592,249
$53,785,615
$235,666,593
$274,028,094
$7,843,038
$18,102,960
$335,871,314
$175,648,029
$43,737,492
$124,378,756
$426,859,627
$268,007,736
$65,822,138
$4,797,800
$112,344,645
$603,472,847
$8,434,485
$44,651,389
$21,375,495
$56,757,093
$54,311,605
$66,124,793
$64,897,826
$29,137,341

$235,004
$49,179
$98,667
$152,296
$238,708
$5,025
$61,704
$99,737
$72,487
$96,511
$61,022
$900
$144,389
$1,314,306
$145,650
$494,209
$12,126
$113,432
$93,486
$361,303
$173,810
$484,825
$41,005
$62,976
$46,746
$130,000
$270,129
$55,898
$60,039
$92,793
$81,387

Sign up to vote on this title
UsefulNot useful