Op-Ed: Open letter to Stanford on investment transparency and the Paradise Papers

To the Stanford Board of Trustees:

Over the past few months, we have become deeply concerned about the revelations of the Paradise Papers and, more recently, Stanford’s latest tax returns. In principle, we agree with President Tessier-Lavigne and Provost Drell that the “endowment at Stanford provides essential support for our core academic mission, including research, education and student financial aid. Those things, in turn, provide immeasurable benefits to the economy, health and culture of our country.” In practice, we worry that Stanford’s investments may be doing harm. Stanford has the legal right to minimize its tax burden within the limits set by the law, but it also has the duty to invest its endowment in line with both its mission statement and its statement on investment responsibility. As students, we cannot hold the university accountable without basic transparency, a value that we believe is incompatible with opaque investments

... read more at: https://www.stanforddaily.com/2018/03/07/op-ed-open-letter-to-stanford-on-investment-transparency-and-the-paradise-papers/