Yale Daily News

Updated: Monday, November 23, 2009 1:03 a.m.

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Letter: Responsibly investing and responsive to concerns

Published Wednesday, October 28, 2009

My colleagues on the Yale Advisory Committee on Investor Responsibility and I read with great interest the article by guest columnists Anna Robinson-Sweet, Luke Studebaker and Mac Herring regarding the conversations last year between the ACIR and the Undergraduate Organizing Committee regarding the labor practices at HEI Hospitality LLC (“Irresponsible investing,” Oct. 26). As the columnists observe, the ACIR met several times over the course of the year with the UOC on this issue, and we held a public meeting open to everyone in the Yale community at which HEI was the main topic of...

#1 By Thank you 9:06a.m. on October 28, 2009

Thank you for writing this column. When I had the opportunity to speak to several members of the UOC last year, they didn't even know basic facts about how the endowment, or the economy as a whole, operated. It seemed as though they took some basic arguments they were fed by the Labor Union, and accepted them as fact. I am glad someone in a position of power was willing to come out and say, "we don't agree with you" and bluntly state their case. Again, thank you.

#2 By Hieronymus 10:06a.m. on October 28, 2009

Agreed. Well-balanced response; respectful even (far more than *I* would have been).

Also, to #1: yes, UOC appears defined by ignorance of economics principles and dogged adherence to the Party and the party line.

#3 By Agreed 11:27a.m. on October 28, 2009

Both comments hit the nail on the head so I have nothing else to add other than my full agreement with the Letter.

#4 By omg thank u so much !!!! 12:36p.m. on October 28, 2009

glad to see the ACIR working so effectively - just as it did in the south africa case!!!

OH, WAIT. that didn't happen.

http://www.responsibleendowment.com/south-africa.html

wake up people. this committee has never worked and it probably never will.

keep on the fight, uoc.

#5 By ROFLCOPTER 5:32p.m. on October 28, 2009

The Yale Endowment is run by the Illuminati. WAKE UP SHEEPLE.

#6 By Hieranus 5:56p.m. on October 28, 2009

The ACIR should not be guided solely by "economic principles," a clearly stated intent in the original creation of the committee 30+ years ago. In some and/or many cases, other "principles" are necessary for promoting and/or maintaining social justice(some people/groups/institutions are defined by ignorance of these principles), and this is something a university such as Yale might be interested or perhaps actively engaged in. Perhaps Yale is only interested in being interested in this, or maybe even only interested in seeming interested in this. Here at Yale, some students are actively engaged in this, and some/most others are actively engaged in not this. In fact, in this respect, it is a very uneven dichotomy. And in fact, this is why few people here recognize this unfortunate situation(the dichotomy, aforementioned), which is, alone and in fact, unfortunate. And so it is clear that in fact the situation at Yale is unfortunate in more than one way. BUT WE ALL STILL GET THE DISCOUNTS AT THE J CREW!!

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