https://www.institutionalinvestor.com/article/b18…
This was Swensen's original rebuttal article against the activists.
Swensen writes: "Quite simply stated, Yale’s endowment has no exposure to private prison management companies. Where does the activists’ assertion come from? The activists note that a Securities and Exchange Commission (SEC) filing on March 31, 2017, discloses Yale’s holdings of $345 million in Vanguard’s Emerging Markets Exchange Traded Fund, VWO. Observing that Vanguard is the largest holder of private prison companies GEO and CoreCivic, the activists imply that Yale has exposure to the companies through VWO. This assertion is completely untrue.
VWO invests in stocks of companies located in emerging markets. The private prison companies cited by activists as Vanguard holdings, GEO and CoreCivic, are headquartered in the United States. That inconvenient fact failed to deter the activists from making a dishonest argument."
Student activists, please at least acquire a modicum of financial literacy and decency before criticizing the man who's most likely subsidizing your tuition and expenses.
Laudantium est ullam ratione non tempora neque ullam sit. Illo et placeat sit et eos sit earum. Vel esse asperiores et.
Odit occaecati et aut vero sequi. Incidunt rerum non vero consequuntur ea vel unde.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...