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November 22, 2007

Barclays disgrace

The Brooklyn Paper

To the editor,

Regarding your article, “More Blood Money,” and your editorial, “End Barclays deal now” (Nov. 17), about Bruce Ratner’s connection to Barclays and the company’s involvement with Zimbabwe’s Robert Mugabe, with South African apartheid, the Nazi regime in France and the trans-Atlantic slave trade — a bit of investigation on the Internet shows that Barclays is also currently a large investor in corporations that are involved in racial discrimination practices, the war economy, union-busting and activities detrimental to health.

Barclays is the fourth largest institutional shareholder in the Coca-Cola Company, with more than $3 billion invested. The beverage company, only a few years ago, had to pay out a $192.5-million settlement to their African-American employees for racial discrimination practices. There are currently other lawsuits against Coke for racial discrimination. And Coca-Cola continues doing business in the Sudan, despite an embargo because of the Darfur tragedy.
Barclays’ name should not be allowed on any building in Brooklyn. As Assemblyman Hakeem Jeffries said in your story, “Enough is enough!”

Lewis Friedman, Park Slope

Friedman's complete letter contains a litany of investments made by Barclays Bank which would give pause to most team owners seeking an arena naming-rights sponsor.

Posted by lumi at November 22, 2007 4:39 AM