B-School Noir ยท BN-026

HE APPROVED THE PORTFOLIO. THE ENDOWMENT FUNDED A CATHOLIC ETHICS CHAIR. LINE ITEM SEVEN WAS PRIVATE PRISONS.

On November 14, 2018, the investment committee at Cavanaugh Business School unanimously approved significant allocations to defense contractors and private prison operators as part of a $340 million portfolio rebalance. Despite teaching courses in Moral Leadership, the committee did not require an ethical screen for investments.

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