ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Brown U caves to anti-Israel protesters, agrees to deal on divestment in exchange for encampment closure

Anti-Israel protesters declared victory at Brown University on Tuesday after they struck a deal with leadership to end the encampment there if the board

Brown University on Tuesday caved to anti-Israel protesters on its Ivy League campus by hammering out an agreement that will see the encampment end there.

Demonstrators said they would shut down their encampment in exchange for administrators taking a vote in October on a proposal to divest from Israel. The compromise appears to mark the first time a U.S. college has agreed to vote on divestment in the wake of the protests, and it marks a major victory for the agitators there. 

Protesters have held a tent encampment on the Brown campus since April 24 and, like similar protests sweeping the country, they have called for their university to disclose and divest their investments in companies and organizations linked to Israel, as well as demanding a ceasefire in the ongoing war.

38% OF BROWN UNIVERSITY STUDENTS IDENTIFY AS LGBTQ+

The prestigious Rhode Island university has agreed to let five students meet with five members of Brown’s corporate board in May so the agitators can argue for Brown to divest from such companies.

Paxson will also ask an advisory committee on resources to provide a recommendation on the matter of divestment by Sept. 30 which will be brought to the board for a vote at its October 2024 meeting. 

"The devastation and loss of life in the Middle East has prompted many to call for meaningful change, while also raising real issues about how best to accomplish this," Brown wrote.

"Brown has always prided itself on resolving differences through dialog, debate and listening to each other. I cannot condone the encampment, which was in violation of university policies."

Anti-Israel activists on campus celebrated news of the deal and declared it a win for their cause. It will likely embolden protesters on other campuses to believe that they could potentially reach similar deals.  

"VICTORY!! BROWN COMMITS TO DIVESTMENT VOTE!" the Brown Divest Coalition, the group behind the protest, wrote on X, after clinching the deal.  

"Brown administration has conceded to students’ demand that the Corporation vote on divestment after years of tireless pressure from the student body, 61 student arrests, an eight day hunger strike and seven days of encampment."

The group said its triumph was inspired by similar encampments that have popped up throughout the country.

GUNS CONFISCATED FROM ANTI-ISRAEL PROTESTERS AT UT AUSTIN, UNIVERSITY OF SOUTH FLORIDA

"We will continue to pressure Brown to ensure we divest in October and support encampments across the country," the group wrote. 

The deal brings an end to the encampment and demonstrators have agreed to refrain from further actions that would violate Brown’s conduct code through the end of the academic year, which includes Commencement and Reunion Weekend, Paxson said. 

She also said that disciplinary hearings would still be carried out for those who established tents and took part in other activities that violated Brown’s policies.

University leaders, however, agreed that ending the encampment would be "viewed favorably in disciplinary proceedings. Reports of bias, harassment or discrimination received during the encampment will also continue to be investigated, Paxson said. 

The protests at Brown come after an incident in November where Paxson was caught omitting references to Jewish students on campus in a speech after she was heckled by pro-Palestinian activists.

The crowd shouted her down, chanting "Brown divest!" referring to the anti-Israel Boycott, Divest and Sanction movement, forcing her to eventually leave the podium. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.