Shame on Sonoma State
Counter Punch - almost 5 years
Retired Citigroup CEO Sanford Weill will receive an honorary doctorate, as will his wife Joan, from Sonoma State University in Northern California on May 12.
Some SSU students, faculty, staff, and alumni are upset by this degree, describing it as “dishonorable.” As someone who has taught at SSU for the last four years, this reporter has been interviewing members of our academic community about this matter. They have a website to express their complaints: http://ShameOnSSU.org. Three articles on this matter appear in this week’s campus newspaper (www.sonomastatestar.com).
Weill was CEO of Citigroup, the largest of the “too-big-to-fail” banks bailed out by taxpayers. Last year he gave $12 million for SSU’s new Green Music Center (GMC). At issue are how Weill got that money and what strings were attached to his passing it on to SSU.
A major purveyor of toxic mortgages, Citigroup required $45 billion in government investment and a $300 billion guarantee of its bad assets to avoid ban
Counter Punch article