NYU Rejects Divestment, “Not Persuaded” by Pro-Divestment Arguments


#1

New York University has officially announced it is rejecting divestment in a newly released memorandum to the NYU community. This spring, student activists and campaigners in support of the divestment movement called upon the university to divest its holdings in fossil fuels, despite the costs of such a decision. Luckily for the NYU endowment and its beneficiaries, the school has rejected such a decision.
As previously featured on DivestmentFacts.com, a report from Prof. Bradford Cornell of UCLA specifically determined how much divestment would cost at NYU and four other leading universities. According to this report, NYU’s endowment would** lose $4.16 million every year** if it divested from fossil fuels. In addition a recent report by Prof. Bessembinder of Arizona State University finds there are serious fees to consider in regard to the transaction and management fees of divesting, and keeping a fund divested. NYU agreed today, noting “to accomplish the goals proposed in the Senate resolution would require us to invest only with firms that have renounced fossil fuel related investments. This would significantly limit the choices we may make in investment managers, thereby limiting our ability to seek out the best long-term investment opportunities for the endowment.”

Divestment Facts

With college heeding demands of those with no conceivable understanding of reality who think everything is a microaggression or want to basically remake an institution into their vision of life it is refreshing to see a college stand up to these children and troublemakers.


#2

Got out of HS and worked till I was 20 when I was drafted, went to Vietnam, got out of the Army and went to college as a 21 yr old. So I have almost 4 years under my belt working and fighting. WHOLE different outlook and thinking process.

In England its common for kids to take time off before heading off to college, usually 2 plus years. They generally travel around the world for a few years the head to school, again, those couple of years working and traveling chance their outlook, not many protesters or anti’s…

Maybe we should try this.

Every swingin Richard and bouncing Betty upon grad from HS serves 2 years govt service (can be any branch of the govt from military to any agency). Or they can defer the 2 years until they finish college if they desire…but a college degree(s) does not increase your rate of pay and place you in higher level jobs. (YES this is a disincentive to defer your time!!)

You will go in at the base rate of pay at the bottom rung of the ladder. You will also get vacation, sick and other benefits as any govt worker, you will cost of living raises if granted. You can get promoted, but never more than 1 grade within your 2 year time. In addition there will be a college fund that you can participate in they will pay books, lab fees, and tuition. You can also put money in a college fund that will match your savings $1 : $1 that you can withdraw while attending college/trade school etc to help pay for your living expenses. If you chose to not go to college you can withdraw your invested dollars and receive Prime % rate on YOUR money, you lose the matching funds.

If you ever go to work for the govt the 2 years spent will be credited for retirement etc.