Two short items from a Friday meeting with Andrew Golden, president of Princeton University Investment Co. (PRINCO), and Cass Cliatt, Princeton’s spokeswoman, about University investments in Zimbabwe and British arms supplier BAE Systems revealed by WPRB last week.
The broad takeaway: while Princeton claims it no longer owns BAE bonds and that it has two cents [...]
I’m currently traveling, but I’ll be posting a short story very soon based on WPRB’s meeting last Friday with Andrew Golden, president of Princeton University Investment Co. (PRINCO), and Cass Cliatt, Princeton’s spokeswoman.
In the meantime, I wanted to point readers to an article that ran last Friday in Princeton’s campus newspaper, The Daily Princetonian, that [...]
By Sebastian Jones
WPRB News
Princeton University says it “no longer owns” bonds of BAE Systems, a controversial British arms supplier, that WPRB reported yesterday were purchased in 2001. This disclosure appears to represent a departure from the University’s stated policy of not discussing investment holdings.
In an e-mail sent to WPRB Wednesday evening, University spokeswoman Cass [...]
University Spokeswoman Cass Cliatt wrote WPRB this morning, pointing us towards a 1997 report (which she had previously mentioned in comments for our first story on Zimbabwe investments) titled Guidelines for Resources Committee Consideration of Investment-Driven “Social Responsibility” Issues.
In 2001 Princeton University purchased bonds in British arms supplier BAE Systems, essentially giving a $1.5 million dollar loan to company whose dealings with regimes like Robert Mugabe’s Zimbabwe have come under repeated scrutiny from investigators, journalists and activists, WPRB has learned.
By Sebastian Jones
WPRB News
As the United States and members of the European Union condemned the Zimbabwean government and considered strengthening sanctions, Princeton University chose to invest in Robert Mugabe’s troubled African nation, according to tax filings obtained by WPRB.
The investment, placed between July 2006 and June 2007, was made despite Zimbabwe’s highly publicized political and [...]
