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Columbia Tries to Undermine Its Unions, Hire Scab Instructors (www.labornotes.org)

submitted 9 months ago by cm0002@piefed.world to c/unions@sh.itjust.works

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[–] Openopenopenopen@lemmy.world 10 points 9 months ago (1 children)

You can’t expect them to pay salaries. They are a university, not a….oh wait a minute

“For the fiscal year ending June 30, 2024, the total value of the endowment was $14.8 billion. Columbia University produced a return of 11.5% on the managed assets in its endowment portfolio for FY24. The University’s trailing five and ten-year returns are 8.5% and 7.4%, respectively.”

They made 11.5% on 14.8 billion and can’t afford salaries for their professors??? What a fucking joke.

[–] AlecSadler@lemmy.blahaj.zone 3 points 9 months ago

Sounds like we should burn it down.