Billionaires certainly despise unions, profiting by exploiting working people is fundamental to their business models. So Republicans of course loathe unions and thus degradation and control of public education, public school teachers has been a running long term goal.
Charter factories Schools are the foot in the door for free marketeers. Why respect teachers, hire more staff and better fund schools, create communities, when you can cut costs, treat kids and education itself as products, and send those savings into the pockets of just a few people.
He's pulling support from the school that's cracking down so heavily and violently on the protests? What's he for I'm having trouble understanding the logic here.
Kraft echoed the sentiment in a statement issued through an organization he founded called the Foundation to Combat Antisemitism. “I am deeply saddened at the virulent hate that continues to grow on campus and throughout our country,” he wrote. “I am no longer confident that Columbia can protect its students and staff and I am not comfortable supporting the university until corrective action is taken.”
There's something inherently creepy about a guy who isn't Jewish starting up a foundation called "Combat Antisemitism" and then lean really, really hard on the "Combat" part without seeming to give much of a shit about the Antisemitism part.
I get strong "Can't wait for Israel to be obliterated by war and bring on the Second Coming!" vibes from this.
Kraft echoed the sentiment in a statement issued through an organization he founded called the Foundation to Combat Antisemitism. “I am deeply saddened at the virulent hate that continues to grow on campus and throughout our country,” he wrote. “I am no longer confident that Columbia can protect its students and staff and I am not comfortable supporting the university until corrective action is taken.”
So beat down the protests harder or you don't get money? That's his argument?
I dont really care what they are called. They donate not as charity but to get something in return. It can be promotion, goodwill, influence, access to top picks etc. That is IMO investing
So he's pulling support from the school, effectively he supports the protesters and staff who walked and not the school who is trying to make them go away. I don't care about his mouth words, his actions matter more.
Columbia has a $13.6B endowment, which has consistently grown at 8-10% annually.
Kraft has historically donated in the $5M range annually. So, less than 1% of what the university earns on a portfolio whose principle never gets touched.