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Gay investors support gay-friendly corporations

Posted May 17th 2008 8:40AM by Gary E. Sattler
Filed under: Apple Inc (AAPL), International Business Machines (IBM), Aetna Inc (AET), Chevron Corp (CVX), Politics, Headline news

Conservative social and political groups are vowing to fight the recent California ruling in which a republican-dominated court declared that sexual preference should not bar couples from legal marriage. In an Associated Press article, the court opinion is quoted as stating that "domestic partnerships that provide many of the rights and benefits of matrimony are not enough."

In pursuance of equal footing, gay, lesbian, and bisexual investors have been seeking and "outing" corporations with gay-friendly policies and have been backing those companies in a show of financial clout. An example of the application of this forward social dynamic would be Trillium Asset Management, which has at least once scored a "perfect 10" on the Gay and Lesbian Values Index (glvindex). With an investment focus called Socially Responsible Investing (SRI), this company seeks to provide investment returns in keeping with industry standards, while at the same time maintaining "unique focus on social research and advocacy."

Corporations that have taken careful strides to bring their standards up to date with regard to societal equality appear to be gaining in popularity with gay and gay-friendly investors, as evidenced by their placement on and recognition of the glvindex. SC Johnson acknowledged it's high ranking on the glvindex in a company press release that stated in part: "To us, diversity is about building the best, most talented workforce that mirrors the marketplace, and motivating them with an environment that enables people to be themselves and contribute freely and effectively."

Some other big names have gained recognition as gay-friendly corporations, including Aetna Inc. (NYSE: AET), Apple Inc. (NASDAQ: AAPL), Chevron Corp. (NYSE: CVX) and IBM (NYSE: IBM). These companies, and dozens of others like them, have chosen to adopt policies that recognize the realities of social diversity. While the majority of these companies are not outwardly expressive of their atmosphere of tolerance, they nonetheless have brought their standards up to date. A comprehensive list of America's top 100 gay and lesbian friendly corporations can be found at WorldNetDaily.com.

It's a new world out there, and same-sex couples are demanding to have their equal part of it. Whether you like it or not, homosexuality is a powerful reality of our world. Gays, lesbians and bisexually oriented people are here to stay, and they want you to know that this is their world too. Now, let's all just get over it and let's move on, shall we?

Tags: bisexual, civil rights, CivilRights, equal rights, equality, EqualRights, gay, homosexuality, inthenews, lesbian, marriage, transgendered

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