Figures. WI State Worker Retirement System Owns $5.5 Million in Koch Industries Bonds
The vitriol from protesting Wisconsin workers towards the Kochs emerged quickly and intensely. Signs ranging between lame and vulgar (often both) dot the public-union marches.
But what the protesters don’t realize is that they actually have a reason to root for the Koch brothers.
According to the State of Wisconsin Investment Board (SWIB), the Wisconsin Retirement System owns $5.5 million in Georgia Pacific corporate bonds. (Georgia Pacific is owned by Koch Industries.) This is the retirement system in which the overwhelming majority of state and local employees participate. These are the pension benefits that public employees are trying so hard to protect.
So here’s the challenge: Explain to a Wisconsin state worker that they are the ones helping fund the Koch brothers. Then sit back and watch the fun.