Investors Ask Nike, FedEx and PepsiCo to End Relationships With the Washington Redskins

Firms worth a total $620 billion put pressure on brands to divest from racism

On Friday, three separate letters signed by 87 investment firms and shareholders worth a collective $620 billion asked Nike, FedEx and PepsiCo to terminate their business relationships with the NFL’s Washington Redskins unless the team agrees to change its controversial name.