Endowment Officially Drops 30%
While all signs had already pointed in the direction of a 30% loss for Princeton’s endowment this year, an e-mail from Princeton University President Shirley Tilghman, sent this morning, made the news official.
Posts Tagged ‘Princeton University’
“Frightening” Investment Strategies Hit Harvard
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 [...]
On the Air: Science at Princeton
This Sunday, March 8, The Dispatch turns to the sciences at Princeton University: Alfred Miller speaks with leading synthetic biologist Prof. Ron Weiss on “programming bacteria.” Nikki Leon interviews Dr. Roberta Hotinski, of the Princeton Environmental Institute, about the ways in which scientists are educating business leaders and the greater public about climate change. Discourse [...]
Universities cut back on spending
Over on NPR’s excellent blog Planet Money, Caitlin Kenney writes that public universities all over the country are struggling to find ways to cut their costs in the face of the economic downturn: Universities around the country are bracing for massive cuts as states rethink their shrinking budgets. In preparation for expected budget cuts, many [...]
The lighter side of investment ethics
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 [...]
The Dispatch Update: Princeton Endowment Drops
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%, [...]
The Dispatch Update: Princeton University, BAE Systems, Zimbabwe
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 [...]
The Dispatch Update: More Context on Princeton’s Investment Policies
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, [...]
Breaking: Princeton says it no longer holds BAE bonds
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 [...]
Princeton invested in arms supplier with Zimbabwe ties
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.
The Dispatch Web Content: Silverstein and Slaughter on the Olympics
In a WPRB web-exclusive, Ken Silverstein of Harper’s Magazine and Princeton University Woodrow Wilson School Dean Anne Marie Slaughter share their differing views on the recent Olympic games in China.
The Dispatch: Anne Marie Slaughter
Dean of Princeton University’s Woodrow Wilson School, Anne Marie Slaughter, sits down with Ashley Schoettle to share insights from her stint in China while on sabbatical and her thoughts on the current state of and future possibilities for China. Part One: Web-exclusive: