March 27, 2017

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Monday March 27, 2017 vol. CXLI no. 29 U . A F FA I R S

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U. switches Reunions water contractor from student agency

By Jacob Tyles Science Contributor

COURTESY OF WIKIMEDIA COMMONS

The Water and Beverage Student Agency has traditionally supplied water for reunions; this year the University has instead switched to an in-house supply.

In January, the Committee on Reunions, upon reviewing upcoming contracts with several student agencies and other services in preparation for this year’s reunions, has decided to withdraw working with the Water and Beverage Student Agency. This will be a first for the committee, as they’ve worked with the Water and Beverage Student Agency for more than 10 years, according to Jackson Forbes ’18. The two executives of the student agency, Kurt Holuba ’18 and Forbes, were dismayed to hear of this recent decision. Nearly half of the Water and Beverage Student Agency (WBSA) revenue comes from Reunions alone. “There was no warning before signing with another distributor; it felt like there was no respect,” Holuba said. There are 14 different Uni-

versity student agencies, covering a range of tasks from yearbook design to moving and storage. Students must interview and be selected among a competitive pool of applicants in order to participate in these agencies. Once accepted, the agencies provide students with ample business, managing, and communications experience. Holuba explained that this organization is the only proper way to successfully run a small business on campus. Last January, the WBSA went to renew its contract with the Senior Associate Director and Student Liaison for Reunions Mibs Southerland Mara. The WBSA normally orders around 500 jugs of water at $2.69 per jug, and then marks up the price in order to make a profit. Adding this to the cost of 50 coolers, more than a dozen tables, and some 15,000 cups, the total price comes to around $8000, See WATER page 2

BEYOND THE BUBBLE

U . A F FA I R S

U. sues Dept. of Education to David Miller: Religion professor and block release of documents for on-call ethicist for Citigroup undergraduate admissions By Norman Xiong Contributor

Contributor

On March 17, the University filed a lawsuit against the Department of Education in the U.S. District Court for the District of Columbia. The lawsuit seeks to block the release of confidential documents relating to the University’s undergraduate admissions program. The confidential material falls into two categories, denoted “Applicant Documents and Information” and “Admissions Documents and Information” by the lawsuit. According to the formal complaint filed on Friday, these documents entail personal information about applicants and the University’s “strategies and

methods” to recruit and admit students. The lawsuit lies at the heart of a greater controversy that began in 2008 surrounding the University’s use of affirmative action. After being denied admission to Princeton’s Class of 2010, Jian Li, now a graduate of Yale University, filed a civil rights complaint against Princeton. He argued that the University’s admissions policies violated Title VI of the Civil Rights Act of 1964, which “prohibits discrimination on the basis of race, color, and national origin.” When the Office of Civil Rights, a sub-agency of the DOE, launched an investigation, the University disSee ADMISSIONS page 3

BEYOND THE BUBBLE

Judge Andrew Napolitano ’72 sidelined by Fox News after controversial remarks By Allie Spensley staff writer

Fox News Channel senior judicial analyst Judge Andrew Napolitano ’72 has been indefinitely sidelined from the network after making unverified claims that former President Barack Obama requested British intelligence wiretap Trump Tower. Napolitano has not spoken on the channel since March 16 and has been notably absent from the network’s coverage of hearings involving Supreme Court nominee Neil Gorsuch and FBI Director James Comey,

according to the Los Angeles Times and the New York Times. Napolitano has not yet responded to request for comment. Napolitano’s statements were in response to an accusation President Donald Trump made on March 4 on Twitter, claiming that Obama had ordered a wiretap of Trump Tower in New York prior to Trump’s electoral victory in November. In a Fox News column published on March 16, Napolitano wrote that “sources have told me that the BritSee JUDGE page 7

For the past three years, Professor David Miller has concurrently worked as an on-call ethicist for Citigroup while also serving as a University professor and lecturer in the Department of Religion. He works with senior management at the multinational investment bank, advising them on the intersections of banking, the pursuit of profit, and moral and ethical boundaries. Miller was hired three years ago by Citigroup CEO Michael Corbat in response to internal findings that employees were uncomfortable raising concerns about possible moral transgressions in their work, according to The Wall Street Journal. According to economics professor Jean-Christophe de Swaan, who has taught the freshman seminar “Ethics in Finance” for the past six years and is currently writing a book on virtue in finance, Citigroup’s hiring of Miller is the right one. An ethicist would be able to counsel and advise executives on morally-unclear financial decisions more effectively than the bank’s compliance officers and lawyers. The move is also the first time such an action has been taken by a large financial institution, setting a new precedent for self-regulation in the financial industry, according to The Telegraph. “It makes a lot of sense for a financial institution like Citigroup to get external advice on ethics from an expert,” de Swaan said. “An expert on ethics will have thought about these issues for a long time, will be able to provide an out-

COURTESY OF PRINCETON COMMUNICATIONS

Professor David Miller offers ethical advice to Wall Street bankers.

side-in perspective that is inherently more objective, and can share some useful parameters or frameworks to guide managerial decisions.” Miller’s employment by Citigroup was also motivated by Citi’s reputation for ethical problems, Public distrust of big banks has risen over the past few years, especially during and after the recent financial crisis, and Citi has not been immune to those tensions. Because of this fact, de Swaan believes Miller’s work at Citi is a logical move in the direction of public trust again. “Financial institutions need to find ways to regain the public’s trust, and that starts with serving foremost their clients’ interests, even when no one is looking,” de Swaan added. Miller’s work as a bank’s

In Opinion

Today on Campus

The Editorial Board urges the University to carefully implement the new gender neutral housing policy, and the Princeton Private Prison Divest coalition calls for student action against the University’s rejection of their divestment proposition PAGE 6

7 p.m.: Princeton Environmental Institute: The Islands and the Whales. 185 Nassau Street.

ethicist comes at a time when several banks’ scandals have recently been publicized. In particular, Citigroup has been included in a scandal in which large banks have hired the underqualified children of Asian foreign officials as interns and employees in order to build business relations in the area. According to de Swaan, however, financial scandals are mostly carried out by a handful of people who knowingly and willingly breach moral standards in the pursuit of profit. The majority of bankers, traders, and executives behave morally and honorably; it’s only when the rules of the financial game become overly complex and “opaque” that good people are lead by cognitive biases to make ethically questionSee CITIGROUP page 5

WEATHER

By Jane Sul

HIGH

69˚

LOW

52˚

Rainy. chance of rain:

70 percent


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March 27, 2017 by The Daily Princetonian - Issuu