Trustees of New York City pension funds have warned Disney, Paramount, and Comcast that they lose investor trust if they permit the Writers Guild and SAG-AFTRA strikes to drag on much longer.

Trustees of $250 billion of New York City pension funds have precautioned Disney, Paramount, and Comcast

The letters, signed by New York City Comptroller Brad Lander on behalf of the New York City pension funds trustees, urged the companies to end the WGA and SAG-AFTRA strikes to ensure the long-term resilience of their businesses and the New York City pension funds investments.

In a letter from New York City pension funds to Disney CEO Bob Iger, Lander noted that the pension funds are long-term Disney shareholders of The Walt Disney Company, with  2.7 million shares valued at $229.2 million.

In a similar letter from New York pension funds to Comcast chairman and CEO Brian Roberts, Paramount Global President & CEO Robert BakishLander noted that the pension funds are substantial long-term Comcast shareholders, with 6.3 million shares valued at $272.7 million in Comcast and $10 million to Paramount.

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WGA and SAG-AFTRA strikes expose New York City pension funds

In each letter, New York City Comptroller Brad Lander on behalf of the New York City pension funds noted that as long-term investors, the New York City pension funds have long considered a formative labor-management relationship that is fundamental to be effective in human capital management.

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