News
With the recent decision by PepsiCo, Inc. to join several other companies in ceasing to do business in Burma, all institutions and organizations with business ties to the troubled nation -- including American colleges and universities -- have been forced to re-evaluate their investments.
For Dartmouth, which in the 1980s experienced a tumultuous battle over whether or not to divest from South Africa, the recent pullout again brings to light the issue of how the College decides where to do business.
According to College Director of Investments Jonathan King, the College does not have any direct investments in Burma -- a nation controlled by a military regime which has a reputation for serious human rights abuses.
Yet, in the current global environment with many markets and businesses worldwide, King could not say with "100 percent certainty" that the companies which the College has investments in do not have corporate ties to Burma.
"In the Investment Office, we don't set policies regarding any kind of social investment standards," King said.
"It's our role to maximize the return given the policy and risk parameters given" by the Board of Trustees, King said.