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"Or the boycott of the Nestle Corporation, which led to sweeping changes in how infant formula is marketed to third world countries"

This really has nothing to do with owning company has to do with activism and popular attention to company products. This may or may not have any effect, depending on the company. Nestle and Gerber are quite sensitive to this...whereas Exxon and MO likely couldn't care less.

But the OP'er is very observant and unlike most liberal minds, is actually thinking this through.

Owning or not owning a company's stock has NOTHING to do with their ability to make a profit...and it is the company's profit that determines whether they will continue to operate to provide their product or service. Buying or not buying their product has EVERYTHING to do with it

On a personal note, I hope there's a special place in hell for the managers of MO who added small amounts of ammonia to tobacco to increase addiction. But my feelings belong on the side of social activism, not portfolio management.

SRI belongs in the category of faith-based investing: it has nothing to do with investment has to do with what 'feels' right and what one's conscience will accept.

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