The ongoing debate about student demonstrations advocating the divestment of university endowments from companies supporting the Israel government’s atrocious massacre of Gazan civilians highlights the close relationship between businesses and government misbehavior.The op-ed by Gabb Schivone (May 9) and a recent letter from a reader take opposite sides, with Schivone highlighting the history of the successful 1980s divestment movement against Apartheid in South Africa.
The view that university endowment managers are obliged to stay invested for the most lucrative returns is shockingly immoral. Those of us lucky enough to have money to invest know well that we have a choice as to what companies to invest in. Increasingly, many of us have already chosen funds with positive environmental, social, and governmental goals (ESG). Universities, of all corporations, should model ethical investing, trying to make the world better, not worse. The students have it right.
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Suzanne Ferguson
Southeast side
Disclaimer: As submitted to the Arizona Daily Star.
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