HE APPROVED THE PORTFOLIO. THE ENDOWMENT FUNDED A CATHOLIC ETHICS CHAIR. LINE ITEM SEVEN WAS PRIVATE PRISONS.
The Cavanaugh Business School investment committee approved a $340 million portfolio rebalance, which included hefty investments in defence contractors and private prisons—notably, $18.2 million in Redstone Defence and $11.4 million in Warden Correctional. Despite teaching ethical leadership, the investment policy lacked a requirement for ethical screening, leading to this controversial allocation.
Case Assets
The Case Debrief is free to view. Full Case Study, Teaching Notes, Slide Deck, Discussion Guide, and Assessment are available with a Premium subscription.
Watch the Full Episode
The complete cinematic audio documentary — B-School Noir
Unlock the Full Case Library
Get every Case Study, Slide Deck, Teaching Notes, Discussion Guide, and Assessment — across a growing library of business cases.
View Pricing →Related Cases
Cases that share a governance or behavioural model with this one.