At the past Board of Trustees meeting, the Trustees directed the Office of Investments to prohibit future investments in companies affiliated with the government of Sudan.
Penn has finally divested. But what took so long?
It was known for quite some time that the University did not have any investments in these corporations that it could retract -- instead, divesting is a vow to stay away from these companies.
Earlier in the year, Students Taking Action Now: Darfur (STAND) launched a campaign to persuade the University to act. But again, there was delay.
Universities that did have investments were quick to swear them off. But Penn, with nothing to hide, took a great deal of time, and this failure to disclose gives the appearance of complacency. It looks more like Penn acted only because students brought up the issue rather than following its own moral compass.
So while it is good that Penn officially took a stand, it just should have been done sooner.
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