Insurance Companies Own Fast Food Stock
Posted in Main Blog (All Posts) on April 17th, 2010 4:51 am by HL
Insurance Companies Own Fast Food Stock
The fast-food industry has long been under fire for selling high-fat, high-calorie meals that have been linked to weight gain and diabetes, but the financial health of the industry continues to attract investors — including some of the leading insurance companies in the U.S., a new study reports. According to Harvard Medical School researchers, 11 large companies that offer life, disability, or health insurance owned about $1.9 billion in stock in the five largest fast-food companies as of June 2009.