By Sebastian Jones
WPRB News
The Harvard Crimson published a very interesting story a few days ago about Iris Mack, an analyst at the Harvard Management Company who brought attention to “frightening” trades involving derivatives via e-mails to the office of the university’s then-president, Larry Summers. Like many other whistleblowers, Mack was promptly fired:
In an e-mail sent [...]
In its annual joke issue, The Daily Princetonian reports on the University’s latest international investment:
Following significant endowment losses in 2008, the University will be investing in a joint venture with Somali pirates, Princeton University Investment Company (PRINCO) president Andrew Golden said in an interview Friday.
However, they save the best for last. As seen in [...]
By Sebastian Jones
WPRB News
This morning Shirley Tilghman, the President of Princeton University, sent an e-mail to students and staff with an “update on Princeton’s response to the economic downturn”, spelling out some of the losses the university’s endowment has suffered.
According to Tilghman, by late October, “the University’s endowment had declined by 11%, based upon our [...]
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 [...]
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 [...]
