Do California teachers know they’re investing in Keystone?

According to the Daily Ticker, the California State Teachers Retirement System has sent a letter to Facebook as a potential investor in the company complaining about how much voting control founder Mark Zuckerberg has, writes Susan Graybeal for Yahoo! News. While Zuckerberg’s control of Facebook is what The Daily Ticker’s post is about, I found myself fascinated more about the notion of the California State Teachers Retirement System and who it invests in. According to CalSTRS website, it is the nation’s second-largest pension fund and it has assets of more than 144.8 billion. CalSTRS membership and beneficiaries as of 2010 were 852,316 and its total benefit payments were $9.4 billion. $67.06 billion was invested in global equity in 2010. The list of companies those investments involve is massive. And there are some very familiar names. Perhaps what is most interesting is the teachers’ seemingly large interest in oil…

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