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N.Y. pushes Sochi Games advertisers to speak out in support of LGBT rights

Thursday, December 5, 2013

ALBANY, N.Y. — New York state Comptroller Thomas DiNapoli and New York City Comptroller John Liu are pressuring Olympic advertisers to speak out against Russia’s restrictions on gay and transgender rights before the Sochi Winter Games begin in February.

Thomas DiNapoli

Thomas DiNapoli

The officials on Thursday are leveraging $327 billion in assets in New York public pensions that are invested in many of the Winter Olympic advertisers.

DiNapoli says the companies and all publicly traded companies have an obligation to support responsible social policies and protect shareholders’ investment against associations with companies that don’t support human rights.

The New Yorkers also cite the Olympic Charter, which prohibits discrimination.

Advocates have protested Russia’s ban on “gay propaganda.”

The Worldwide Olympic Partners – among them Coca-Cola, McDonald’s and Visa – have sidestepped requests to condemn the law.

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Filed under: New York, Olympics

14 more reader comments:

  1. good

    Posted on Thursday, December 5, 2013 at 3:58pm
  2. NOW That’s the RIGHT THING TO DO!!!!!!

    Posted on Thursday, December 5, 2013 at 4:04pm
  3. MISS NY LIBERALISM A LOT….THANK YOU NY.

    Posted on Thursday, December 5, 2013 at 4:05pm
  4. Target the money. Get the advertisers to pay attention.

    Posted on Thursday, December 5, 2013 at 4:15pm
  5. We need more of this to happen.

    Posted on Thursday, December 5, 2013 at 4:22pm
  6. Is Coke & McDonalds going to do the correct action?
    Only if their share prices take a dip.

    Posted on Thursday, December 5, 2013 at 4:30pm
  7. As they all should speak out and stand up. I for one will not be watching the games.

    Posted on Thursday, December 5, 2013 at 5:07pm
  8. We need to A) talk w/ our money B) NEVER forget who threw us under the bus!!!!!!!!!!!!!!!!!!!!!!

    Posted on Thursday, December 5, 2013 at 6:16pm
  9. Using advertising dollars to apply pressure against a destructive and hateful regime.

    You’re doing it right.

    Posted on Thursday, December 5, 2013 at 6:41pm
  10. They should speak out by long distance phone (collect), after first pulling all their ads.

    Posted on Thursday, December 5, 2013 at 9:24pm
  11. sochi..the winter of hate

    Posted on Thursday, December 5, 2013 at 10:05pm
  12. Wish in other countries of the so called Free World would do the same!

    Posted on Thursday, December 5, 2013 at 10:52pm
  13. And that is why I don’t eat McDonalds or drink Coke.

    Posted on Friday, December 6, 2013 at 9:43am
  14. too little way too late.

    Posted on Friday, December 6, 2013 at 10:24am