Why Colleges Like Columbia, UCLA And Harvard Refused Demands To Divest From Israel
Student protests against the ongoing Israel-Hamas conflict have brought battalions of police in riot gear to college campuses, enraged some billionaire donors, and led to canceled graduation ceremonies.
One constant refrain at these protests is the call for college endowment funds to divest from Israel and the many American companies that do business there. Tech companies such as Google and Amazon and defense contractors such as Boeing and Lockheed are on that list.
"These endowments are famously opaque," said Alison Taylor, clinical associate professor at New York University's Stern School of Business. "So there is very often not any information publicly available about what is happening to these funds. And that is, in fact, one of the student demands as well."
Putting divestment into practice, though, is a tall order. Some universities, such as the University of California, Berkeley, agreed to review their investments. However, many universities have ignored the calls to divest from Israel or companies that do business there.
"Universities are reluctant to divest on any issue because it might lower the returns on their endowment, which would affect their ability to serve the needs of future students," said Witold Henisz, professor of management at The Wharton School, University of Pennsylvania. "If we introduce greater risk or lower returns in the endowment, there'll be less funds available to cover ... tuition assistance, to cover the running costs of the university for students who may not even be born yet."
Watch the video above to learn more about how divesting from Israel and companies who do business there would actually work, and how it would affect the tens of billions of dollars at stake in college endowment funds.
Produced by: Anuz Thapa
Edited by: Michael Hoyt
Narrated by: Jordan Smith
Graphics by: Jason Reginato
Supervising Producer: Jeff Morganteen
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Why Colleges Like Columbia, UCLA And Harvard Refused Demands To Divest From Israel
Пікірлер: 279
The Professor of Management at The Wharton School, Witold Henisz, conveniently failed to mention that the endowments for these elite universities also and primarily pay for their salaries and overhead,. Therefore, a reduction in endowment investment in industries of war can easily effect their pocketbook, so why would they change this system that benefits them so well?
We will not stop we will not rest! Except for summer break 😅😅😅
Look at South Africa now!!! What a vibrant democracy, developed nation free from racism, poverty and corruption!!!
It’s not as if any institution in our modern world have any sense of integrity, responsibility or morality.
This is why universities need to pay tax
Qatari investments in US higher education.
No they won't They won't let the tail wag the dog.
Will they divest from Qatar also?
They had general common sense
Maybe they forgot to study for a test again. This is the next best excuse after "we had a powercut last night" and "my dog ate my notes"
The golden rule: the one with the gold, makes the rules.
Exactly why students claims about their tuition money being used to fund genocide is extremely wrong. Even if their claims of genocide is even correct, it's genocide that's funding their education, not the other way around. By not wanting endowment money to be linked to their education, students should instead ask for funding for their education to be cut or tuition to be raised so that endowment money isn't needed.
Stay strong Israel 🇮🇱 & the Jewish students 🙏🏻
No. companies boycotting Israel are prohibited from receiving federal contracts/funding
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Even in The Netherlands, Europe, students started to do this.
Because they don’t negotiate with terrorists? 😆
Doing something is better than doing nothing. Free Palestine 🇵🇸 ❤ Singapore
Incorrect, south africa was strictly oil companies..