• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick College protesters want their schools to divest from ties to Israel. Here’s what that means.
Editor's Pick

College protesters want their schools to divest from ties to Israel. Here’s what that means.

by April 26, 2024
by April 26, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

In addition to a cease-fire in Gaza, protesters on college campuses across the country are calling on their schools to divest from all financial support of Israel.

Divestment usually refers to selling shares in companies doing business with a given country. Divestment has long been a goal of a movement that seeks to limit what it considers hostile operations by Israel and an end to expanding what the United Nations has ruled are illegal settlements.

Now, college protesters are hoping to force their universities to divest to put financial pressure on companies doing business in Israel to meet those two objectives.

“The university should do something about what we’re asking for, about the genocide that’s happening in Gaza,” said Columbia University student and protest leader Mahmoud Khalil, who is Palestinian, and noted that students have been pushing for Columbia to divest from Israel since 2002. “They should stop investing in this genocide.”

Israel launched its Gaza campaign soon after the Oct. 7 attack by Hamas, a U.S.-designated terror group that left 1,200 Israelis dead, according to officials, with an estimated 250 people taken hostage. The subsequent military response by Israel has killed more than 34,000 Palestinians, according to the Gaza Health Ministry.

Like many universities, Columbia owns shares of various companies as part of its financial operations and endowment. However, information on Columbia’s exact holdings was not immediately available, and it was not clear whether investment information published by Columbia University Apartheid Divest (CUAD), the group leading the protests at the school, was accurate.

Whatever the case, while some of the shares Columbia owns may be directly held stock investments, other assets are likely held indirectly through investment instruments like mutual funds or exchange-traded funds (ETFs) that are designed to expose investors to a variety of firms.

And as students at Brown University acknowledged in a separate proposal targeting their school’s alleged Israel-tied investments, excluding specific investments from these indirect stock holding products “would be logistically challenging.”

In fact, they concluded that none of their school’s current direct investments appeared to be in individual companies violating its anti-Israel screening criteria.

Meanwhile, mutual fund and ETF holdings are constantly changing, the Brown students said.

The actual mechanics of divestment thus make it a more difficult undertaking than it may first appear, said Alison Taylor, clinical associate professor at New York University’s Stern School of Business.

“You get into questions of, ‘What percentage of a company’s business is actually tied to the activities in question?’” Taylor said.

Columbia’s Investment Management Company, which oversees the school’s market assets, does have an advisory committee on socially responsible investing.

This committee has pledged that it will screen against investing in firms that operate private prisons; derive significant revenues from thermal coal; and engage in tobacco manufacturing. It also has had a policy against investing in companies doing business in Sudan. 

So there is precedent for Columbia to limit its financial exposure to socially irresponsible firms, CUAD says. At present, Columbia’s investment in the companies that CUAD accuses of having ties to Israel makes it “complicit in genocide,” CUAD says. 

“By withdrawing from holdings that profit off of Israeli human rights violations, Columbia can invest in other, more worthwhile companies,” CUAD says in a December proposal submitted to the socially responsible investing committee calling for divestment.

This post appeared first on NBC NEWS
You Might Also Like
  • Live Nation spars with senator over its vow to ditch hidden ticket fees
  • Musk says he’s sending Starlink tech to FAA while asserting, without evidence, that air safety is at risk
  • Digital health companies got pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown
  • Intel used to dominate the U.S. chip industry. Now it’s struggling to stay relevant.
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Ring home security customers will get refunds over security-lapse claims
next post
Red Lobster seeks a buyer as it looks to avoid bankruptcy filing

You may also like

Robinhood app says SEC dismissed crypto investigation in sign of...

February 24, 2025

Walmart abruptly closing four underperforming Chicago stores, citing millions in...

April 12, 2023

How the New York Mets can justify paying one player...

December 11, 2024

U.S. online stores put ‘out of stock’ signs as Nintendo...

June 11, 2025

OpenAI closes funding at $157 billion valuation as Microsoft, Nvidia,...

October 3, 2024

How to get more money out of a savings account...

April 21, 2023

Antiwork trends like ‘lazy girl jobs’ show how young people...

August 3, 2023

JetBlue to partner with another U.S. airline in the coming...

April 30, 2025

Walmart is getting a bump from a surprising cohort: Wealthier...

February 20, 2025

Warren Buffett — worried about impersonators — says he doesn’t...

October 23, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025
    • Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

      July 9, 2025
    • Breakout Watch: One Stock in Each Sector to Watch Now

      July 9, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,630 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,576 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,449 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,660)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,660)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Law firm rescinds job offers to...

    October 18, 2023

    How America’s chief consumer-protection agency came...

    February 13, 2025

    Weekly mortgage refinance demand soars 16%...

    August 7, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here