|By PR Newswire||
|February 27, 2014 07:00 AM EST||
NEW YORK, Feb. 27, 2014 /PRNewswire/ -- Top investment research analyst Ronnie Moas of Standpoint Research is challenging his peers to "think different" and temporarily stop investing in Apple and other corporations on a moral ground. Ethical investing doesn't have to be an oxymoron. This week, Moas released a long and scathing 44-page report on four major American companies: Apple, Amazon, Philip Morris and Yahoo. (Click HERE to view the report).
Moas is one of the highest ranking and highly regarded analysts in the country. He sells his research reports to some of the top hedge funds and mutual funds in the country, and is calling on his clients to stop investing in these American companies until justice is served. He is also calling on consumers to stop supporting these companies.
Yahoo was recently added to this blacklist by Moas who was infuriated by the $109,000,000 (estimated) compensation package paid to the COO (de Castro) who was fired after just 15 months. That is more than 2500X what an American soldier in Afghanistan earns annually. Three million children died last year from hunger-related illnesses worldwide. The $109,000,000 could have kept 200,000 of those children alive for another year. The wealthiest 1% (70,000,000 people) in this world now control $110 trillion. That is 65X what the bottom 50% (3,500,000,000 people) have ($1.7 trillion).
He is calling on consumers and investors, big and small, to stop investing in and supporting Apple and Amazon until these companies retroactively pay back workers for the years they were underpaid - also known as reparations.
"48 million people in this country are on food stamps, while the top 1% sits on tens of trillions of dollars," says Moas. "We need to shut tax loopholes down, and increase the subsidies given to those who work 40 hours a week and bring home less than $600. Enough is enough with this inequality and injustice."
Moas is personally taking action to help redistribute wealth globally and tackle other issues. He has created a non-profit – www.philanthropyandphilosophy.com -- to educate, raise awareness and activism, and encourage more charitable giving and philanthropy.
While non-profit groups have urged divestment of certain companies' stocks for decades because of their corporate conduct, this is the first time a for-profit analyst is doing the same.
Moas even has the support of Father Seamus Finn, a member of the Missionary Oblates of Mary Immaculate and director of his order's justice, peace and integrity of creation initiative. "This is very welcome from my perspective; it is what we have been doing for a long time. Moas' action elevates it to the point where it deserves some attention," says Finn.
SOURCE Standpoint Research