Urge the UC to Invest Responsibly!


Background

The University of California is world renowned for its excellence and leadership.  Its faculty, students, staff and alumni are considered among the top in their fields and are respected across disciplines.  Its Regents and administrators represent the pinnacle in California’s civic culture. Unfortunately, the high standards the University applies in its research to address the great problems facing society, are not used in its investments.

In 2008, the UC voted against 47 proxy resolutions that would have, among other things:
– prevented discrimination on the basis of sexual orientation.
– upheld human rights around the world.
– moved our country towards energy independence.
As the recent financial crisis demonstrated, all too clearly, without proper measures of accountability, financial markets tend to pursue short-term profits at the expense of long-term social benefit.  Without proper measures of accountability, shareowners abdicate their roles in corporate governance. Corporate managers are empowered to enrich themselves at the expense of shareowners and society at large. These proxy votes are in contravention of the University’s own stated policy “to review on a case-by-case basis” these types of issues and do not protect the interests of the faculty, staff and students.  Instead of voting with conscience for intelligent corporate policies, these votes represent a lack of integrity and accountability.
Take Action!
Help us restore the reputation of the UC and join our efforts to clean up UC’s investments.  Let the UC know you care about faculty, students, staff and alumni.  Here are two ways you can help:

As a major investor and thought leader, the UC has the power to influence the way companies do business and other investors understand their own role in assuring that corporations act in the best interests of their stakeholders.
You can make a difference by helping the UC become a responsible investor!  To learn more and to contribute, please visit our Facebook Page and look for UC Responsible Investments Coalition or contact Victor Weisberg at ucresponsibleinvesting@gmail.com. This initiative is counting on you!
In Consideration of our Future,

UC Responsible Investments Coalition
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One response to “Urge the UC to Invest Responsibly!

  1. Threats to University of California Don’t Come From the Outside – $3 Million Mismanagement Spending by UC President Yudof for University of California Berkeley Chancellor Birgeneau to Hire Consultants – When Work Can Be Done Internally & Impartially
    During the days of the Great Recession, every dollar in higher education counts. Contact Chairwoman Budget Sub-committee on Education Finance Assemblywoman Carter 916.319.2062 – tell her to stop the $3,000,000 spending by Birgeneau on consultants.
    Do the work internally at no additional costs with UCB Academic Senate Leadership (C. Kutz/F. Doyle), the world – class professional UCB faculty/ staff, & the UCB Chancellor’s bloated staff (G. Breslauer, N. Brostrom, F. Yeary, P. Hoffman, C. Holmes etc) & President Yudof.
    President Yudof’s UCB Chancellor should do the high paid work he is paid for instead of hiring expensive East Coast consults to do the work of his job. ‘World class’ smart executives like Chancellor Birgeneau need to do the hard work analysis, and make the tough-minded difficult, decisions to identify inefficiencies.
    Where do the $3,000,000 consultants get their recommendations?
    From interviewing the UCB senior management that hired them and approves their monthly consultant fees and expense reports. Remember the nationally known auditing firm who said the right things and submitted recommendations that senior management wanted to hear and fooled the public, state, federal agencies?
    $3 million impartial consultants never bite the hands (Chancellor Birgeneau/ Chancellor Yeary) that feed them!
    Mr. Birgeneau’s accountabilities include “inspiring innovation, leading change.” Instead of deploying his leadership and setting a good example by doing the work of his Chancellor’s job, Birgeneau outsourced his work to the $3,000,000 consultants. Doesn’t he engage UC and UC Berkeley people at all levels to examine inefficiencies and recommend $150 million of trims? Hasn’t he talked to Cornell and the University of North Carolina – which also hired the consultants — about best practices and recommendations that eliminate inefficiencies?
    No wonder the faculty, staff, students, Senate & Assembly are angry and suspicious.
    In today’s Great Recession three million dollars is a irresponsible price to pay when a knowledgeable ‘world-class’ UCB Chancellor and his bloated staff do not do the work of their jobs.
    Pick up the phone and call: save $3 million for students!

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