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Has Dartmouth Divested? Hardly.

Although a mass e-mail from the Student Assembly this morning was titled, “Divestment Accomplished!” complete with smiley exclamation point, I am pleased that cooler heads prevailed and no actual divestment will be taking place. According to The Dartmouth this morning, the trustees voted to recommend that the College’s investment managers avoid directly investing in six named firms, none of which are current holdings, which have some ongoing operations in the Sudan. It isn’t really necessary to note that divestiture necessitates having previously invested: that much is self-evident.

It is my understanding, although I may be wrong, that the student activists’ goal was to have Dartmouth divest of any and all holdings in firms doing business with the Sudanese government. It is very unlikely that that has occured.

So while the College’s investment managers will henceforth avoid directly acquiring stock in Global Genocide Consultants, Inc., no actual changes will be made to Dartmouth’s portfolio. One which, like the rest of the world’s, probably includes indices, mutual funds, spiders, or other aggregates which indirectly make Dartmouth a shareholder in such purportedly genocide-enabling firms as Siemens AG.

You know, the German gentlemen whose equipment is allowing Dartmouth students to be on the internet right now.

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