“The proposal calling for Penn to divest its $7.7 billion endowment from tobacco companies died without a vote at Friday’s Board of Trustees meeting.
The decision follows an overwhelming wave of divestment support within the Penn community. The University Council saw a 51-6 vote in favor of divestment, and 530 senior Penn faculty members signed an open letter supporting the proposal. In February, the Faculty Senate voted unanimously in support of tobacco divestment.”
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