FREE e-Newsletter
Important News - Hot Topics
Get them Now!

Security Policy and the Cloud

Ask The Expert

Mark Rivera

FBI-CJIS Security Policy Compliance Officer

Mark Rivera, Customer Retention Manager and CJIS Security Compliance Officer with Vigilant Solutions, served for sixteen years with the Maryland State Police, retiring at the rank of First Sergeant with thirteen of those years at the supervisory and command level. He holds a Master of Science Degree in Management from The Johns Hopkins University and Secret clearance through the FBI, Baltimore.

Tactical Pants - Galls
A popular choice for public safety professionals, the Galls Tactical Pants are...

Product News

Teacher Pension Fund Review Causes Sale of Firearms Conglomerate

December 18, 2012  | 

Logo via Cerberus.
Logo via Cerberus.

Cerberus Capital Management announced plans to sell its stake in firearms conglomerate Freedom Group after one of the company's guns was used in the Connecticut school rampage.

Cerberus made the decision hours after one of its largest investors, the California teachers' pension fund, said it was reviewing its relationship with the firm, reports the New York Times.

Cerberus is a New York-based private-equity firm owned by billionaire financier Stephen Feinberg, whose father lives in Newtown, Conn., where Adam Lanza killed 26 students and staff at Sandy Hook Elementary School on Friday. Lanza used a Bushmaster AR rifle in the attack.

In a statement posted on its website, Cerberus offered an explanation for the decision. Here's an excerpt:

"It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level.  The debate essentially focuses on the balance between public safety and the scope of the Constitutional rights under the Second Amendment. As a Firm, we are investors, not statesmen or policy makers. Our role is to make investments on behalf of our clients who are comprised of the pension plans of firemen, teachers, policemen and other municipal workers and unions, endowments, and other institutions and individuals. It is not our role to take positions, or attempt to shape or influence the gun control policy debate. That is the job of our federal and state legislators."

The Freedom Group is the corporate parent that owns Bushmaster, Remington Arms, DPMS/Panther Arms, and Para USA.

Request more info about this product / service / company


Get Your FREE Trial Issue and Win a Gift! Subscribe Today!
Yes! Please rush me my FREE TRIAL ISSUE of POLICE magazine and FREE Officer Survival Guide with tips and tactics to help me safely get out of 10 different situations.

Just fill in the form to the right and click the button to receive your FREE Trial Issue.

If POLICE does not satisfy you, just write "cancel" on the invoice and send it back. You'll pay nothing, and the FREE issue is yours to keep. If you enjoy POLICE, pay only $25 for a full one-year subscription (12 issues in all). Enjoy a savings of nearly 60% off the cover price!

Offer valid in US only. Outside U.S., click here.
It's easy! Just fill in the form below and click the red button to receive your FREE Trial Issue.
First Name:
Last Name:
Rank:
Agency:
Address:
City:
State:
  
Zip Code:
 
Country:
We respect your privacy. Please let us know if the address provided is your home, as your RANK / AGENCY will not be included on the mailing label.
E-mail Address:

Police Magazine