NJ Politics Digest: State’s Nike Investments to Stay Despite Kaepernick Ads

New Jersey has nearly $25 million in public pension funds invested in Nike Inc., and despite a protest from one of the State Investment Council members, that money is staying put.

Colin Kaepernick receives the SPORTS ILLUSTRATED Muhammad Ali Legacy Award.
Colin Kaepernick. Photo by Slaven Vlasic/Getty Images for Sports Illustrated

The state’s public pension funds have nearly $25 million invested in Nike Inc. and will not be pulling that money in protest of an ad campaign featuring professional football player and activist Colin Kaepernick.

The State Investment Council rejected a request from one of its members to withdraw the investments over the controversial ad campaign, according to a report by The Record.

Retired Englewood Cliffs police captain Marty Barrett, who is a member of the council, argued Nike was showing disrespect to police and firefighters with the campaign featuring the football player. Kaepernick is known for taking a knee when the national anthem is performed at the start of football games in order to protest police brutality and systematic racism.

After his request was rejected, Barrett said he understood the need for the state to place financial considerations ahead of social ones, the report said.

However, the report points out that under Gov. Phil Murphy, the investment council has tried to incorporate social and environmental factors into investment decisions.

Quote of the Day: “Anybody who says you can win a prize for participating in a survey, that’s really a red flag.” — New Jersey Better Business Bureau President Melissa Companick, on telephone scams tied to the upcoming election.

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NJ Politics Digest: State’s Nike Investments to Stay Despite Kaepernick Ads