NE WS
THE DAILY PENNSYLVANIAN
IN A PIANIST, VERITAS
Osama Ahmed/Staff Photographer
Concert pianist Mia Chung, a member of the faculty at the Curtis Institute of Music, performed at an event coordinated by The Veritas Forum, which encourages multi-religious and cultural collaboration, and the Social Planning and Events Committee.
Proposal must be consensus of U. to proceed TOBACCO from page 1 “If there isn’t a consensus in the University, then we’re using the portfolio — as opposed to other things — as a political instrument rather than an instrument for maximizing long-term return that supports scholarships, professorships and other core missions of our University,” she said. Gutmann highlighted the disagreement on what constitutes a moral evil and whether there exists a whole University commitment against the sale and use of tobacco. Other skeptics of the divestment proposal suggested that Penn utilize its position as a stockholder in tobacco companies to create some positive influence in the tobacco market. Christopher Geczy, academic director of the Wharton Wealth Management Initiative, maintained that divestment is often a financial constraint and that socially responsible portfolios tend to limit diversification and raise the operating costs of the endowment.
Deputy Dean of Penn Law William Bratton suggested that divestment by itself does not actually accomplish much. Rather, he argued, it would only add Penn’s name to a growing list of peer schools choosing to divest. Harvard and Stanford universities, for example, divested from tobacco in the 1990s. Following the meeting, College junior and Vice President of the Undergraduate Assembly Gabe Delaney argued that divestment may not be the appropriate route with respect to tobacco companies. “I don’t like the fact that the University invests in tobacco companies, but that’s not cause to limit the work of the people who run the portfolio,” he said. While the Council did not vote on the proposal Wednesday, it will vote in the future on whether there is a reasonable basis to proceed. If the measure passes, an ad hoc committee will be convened to study the proposal further. Earlier this school year, students advocated for University divestment from the fossil fuel industry. Divestment at Penn, a student group, faced pushback from the administration on the proposal. Fossil fuel divestment movements at other universities over the past year have been similarly unsuccessful. The next Council meeting will
WISDOM TEETH RESEARCH
DO YOUR TEETH NEED REMOVAL? VOLUNTEER FOR BONE AND TEETH RESEARCH
Moderate stipends available
Eligibility: Male or female in good health Department of Oral Medicine
Contact 215-746-2395
TANDOOR INDIA
Exotic Indian Cuisine
North Indian Cuisine
“We believe that the joy of eating lies in the art of fine cooking.” 10% discount for students! 20% off for parties of 4 or more! (cash only) Catering for all occasions.
106 S. 40th Street (between Walnut & Chestnut)
Buffet Lunch-Dinner All You Can Eat! 7 Days a Week
PH: (215)222-7122 www.TandoorIndiaRestaurant.com Tandoor_India@yahoo.com FAX: (215)222-5191
LANSDOWNE Friends SCHOOL Big ideas. Small school.
Open House
Sunday, February 9, 2 pm Tuesday, March 11, 9 am
Pre-K through 6th grade 610/623-2548 inquire@lansdownefriendsschool.org www.lansdownefriendsschool.org 5 minutes south of City Avenue 15 minutes from University City
take place on Feb. 19 and will be an open forum.
THURSDAY, JANUARY 30, 2014 PAGE 5