Treasurer Magaziner Tells Opioid Distributor to Come Clean on Lobbyists

January 31, 2018: State Treasurer Seth Magaziner today announced that the Rhode Island pension fund has co-filed a shareholder proposal at McKesson Corporation (NYSE: MCK), one of the largest pharmaceutical distributors in the United States, requesting full disclosure of the pharmaceutical giant's direct and indirect lobbying activities and expenditures - to assess whether McKesson's lobbying is consistent with its expressed goals and in the best interests of stockholders.

"As investors, we have a right to know if pharmaceutical executives are using our money to influence lawmakers," said Treasurer Magaziner. "I am particularly concerned with the possibility that McKesson is using investors' dollars to block common-sense public health policies related to the opioid epidemic."

You can read the entire press release here.