Wall Street's Big Guns: Why Cerberus Sticks With Its Firearms
- Its company sold $1.01 billion worth of guns and ammo in 2014
- Many public pension funds no longer will touch gun makers
An attendee looks through the scope of a Freedom Group Inc. Bushmaster rifle during the 2013 National Rifle Association (NRA) Annual Meetings & Exhibits at the George R. Brown Convention Center in Houston, Texas, on May 4, 2013.
Photographer: Aaron M. Sprecher/BloombergThis article is for subscribers only.
Way up in a New York high-rise, inside the headquarters of Cerberus Capital Management, Stephen A. Feinberg had reached a sobering conclusion: The guns had to go.
It was mid-December 2012, three years ago this week, and 20 children and six adults had just been gunned down at Sandy Hook Elementary School in Connecticut.