Boston University Rejects Proposal to Divest From Gun Companies
Leftists on campus have found something new to demand divestment from. Luckily, Boston University had more sense.
Inside Higher Ed reported.
Boston U. Won’t Divest From Gun Companies
The board of Boston University announced Monday that it has rejected a proposal from a campus group that the university sell investments in companies that produce guns for civilians. The board also released policies on when the university should sell investments for non-financial reasons. Those policies place a particular emphasis on the dangers of the appearance of the university as a whole taking a political position.
“A fundamental goal of Boston University is to create an environment in which an academic community can productively consider, discuss, and debate a variety of viewpoints on social and political issues and that encourages freedom of inquiry. Such conditions allow scholars to pursue knowledge according to standards of evidence and logic without the encumbrance of an institutional position that may dampen discussion of alternative views,” the statement said. “When the university, as an entity, adopts a single viewpoint or takes action relating to divestment, it risks undermining that goal. Therefore, non-investment or divestment actions based on social or political principles should be very rare and occur in only the clearest of circumstances….
Comments
More sense? As an investor in seriously underperforming Colt Industries, I wish I had a high-moral-ground excuse to sell out that would cover the fact that they were a lousy investment in the first place.
Colt went down the political correctness rabbit hole in the past which is just one red light to their business practices. That is a small one but the litany of their mistakes could make a good business avoidance class. Also a company that discontinues the 357 Python is a sad place to invest money in.