Newcastle City Council is one of several local authorities that have invested in the payday loans company, Wonga, despite it campaigning against the company for years.
Local councils have invested nearly a quarter of a million pounds of their pension funds with the controversial company.
Newcastle's council leader has told Tyne Tees that he would be getting fund managers to review the portfolio.
But as Dan Ashby reports, it may not be that simple.
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The 60-year-old takes charge of the Black Cats with immediate effect.
What has the weekend got in store for the Tyne Tees region?
The operation took around three hours to complete, with the remains being disposed of by a specialist animal by-product company.