RALEIGH, N.C. – Current and retired state employees want the North Carolina treasurer to answer questions about why the state's pension fund used a firm that invested in Facebook stock.
The News & Observer of Raleigh reports the 618,000 shares the state currently has in the social media company are worth just half of the $38 per share paid for after Facebook stock was first sold to the public in May.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
