Here's a closer look at Stanford's ties, which companies protesting students want divestment from

the protesters at Stanford and colleges across the country are demanding their universities and their investments in companies involved in the Israel Hamas War ABC7 news reporter Lena Howland dives into that demand and what companies protesters are targeting a cardboard cutout of Stanford University president Richard Sal with blood on his hands and signs calling for divestment are greeting newly admitted students at Stanford spring admit weekend we want Stanford University to pull all of its funding from companies um that are helping uh facilitate Israeli war crimes it's unclear how many students slept here Friday night but more than two dozen tents are still set up on the campus's white Plaza they've been here since Thursday for what demonstrators are calling a people's University for Palestine this demonstration drawing support from this parent of an incoming political science student here visiting from Georgia so it appealed me let's go I have a couple of hours and offer them whatever help they I can do for them being a parent Adriana a Stanford junr and spokesperson for the group says they're aligned in solidarity with other schools Nationwide they're demanding Stanford separate itself from any companies or organizations advancing military efforts in the Israel Hamas war and they're calling out three well-known companies Stanford has ties with lockie Martin Stanford has ties with Chevron with HP and all three of those companies um are hurting the Palestinian people in a statement the university said in 2015 the board declined a proposal to divest of certain companies doing business in Israel they say that decision has remained in place ever since they also say it doesn't impact stamford's endowment which the University website shows is $ 36.5 billion as of last August Stanford statement continues to say the University's endowment has no direct Holdings in Israeli companies or direct Holdings in defense contractors Beyond small exposures resulting from passive funds that track broad indexes such as the S&P 500 but students say they want more transparency Stanford refuses to disclose its um Investments like where it puts its money and that's another thing we would like the school to do in Palo Alto Lena Howland ABC 7 News

Channel: ABC7 News Bay Area

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Id: b8A4RuIZjGg

Length: 2min 26sec (146 seconds)

Published: Sun Apr 28 2024