Top College News Subscribe to the Newsletter

May 16: Commencement or corporate ceremony?

Published: Wednesday, March 31, 2010

Updated: Thursday, April 1, 2010 03:04

Graduation is six weeks away. We were all hoping for an entertaining and inspiring speaker. Do these past choices get you excited for this year's commencement: Joe Biden, Billy Joel, Kurt Vonnegut, Phylicia Rashad (aka Clair Huxtable), Walter Cronkite? Well, they shouldn't. This year the administration selected Jamie Dimon, the chief executive officer of JPMorgan Chase & Co.

Maybe you already know of the well-established partnership between Syracuse University and JPMorgan Chase. Our university is becoming an appendage of these corporations. Who is to say their interests will not influence university policies or classroom activities? In fact, they already have! You may say that this alliance opens up new job opportunities and inserts Syracuse's name into the business world. But when does the university stop becoming a university and start becoming a corporate training program? The administration's high-held motto "Insights Incite Change" seems somewhat meaningless as we embrace, not challenge, the status quo.  

Maybe you recognize Dimon's name from an article regarding the Wall Street bailout or the multi-million dollar bonuses Wall Street executives still receive. While we know JPMorgan Chase was forced to accept bailout money and repaid it in full, the bank and its officials still represent a system that is failing the American people. Although Dimon humored us by adopting a $1 salary, he also took about $17 million in bonuses for 2009.


Wall Street bonuses jumped about 17 percent, while unemployment hovers around 10 percent. Homelessness increased 34 percent in New York City in 2009, reported The New York Times, though the world's billionaires saw their wealth increase by 50 percent, according to the BBC.


We write to all of you as concerned students. Concerned about the shrinking job market and the growing disparity between the extremely wealthy and the unjustifiably impoverished. We are wary of the close ties our government, and now our schools, have with corporate machines. We will inherit this world and, like every generation's duty and right, we seek to change it as we see fit. We are the young intelligentsias. We are the bearers of the fruit to come and we need to decide what that fruit will be and how it will be produced. Will it sprout from humanity, compassion and love? Will we put our neighbor's goodwill in front of our own? Or will this fruit be born from a tree that reeks of age, one that repeats mistakes over and over again?  

We demand of this university a real change — one that does not welcome with open arms crooks of the old age who value personal gain above a collective prosperity. We require that this administration rise to an ethical stature that does not connote a digression into comfort, only to sacrifice visionary goals. Political ambivalence, on any scale, puts to shame revolutionaries like King, Cady Stanton, and Mario Savio. Acquiescence in the face of adversity results in tyranny.   

We call upon all students, faculty and staff to resist and organize against this administration, to revoke the invitation of Jamie Dimon to speak at commencement and to select a speaker everyone will benefit from hearing. We will have a meeting on Thursday night (April 1) at 8 p.m. in Panasci Lounge, and we invite all outraged individuals who seek to create their own future.


Ashley Owen
Senior in the College of Arts and Sciences

Mariel Fiedler
Senior in the College of Arts and Sciences

Ryan Hickey
Senior in the College of Arts and Sciences

Recommended: Articles that may interest you

27 comments

Anonymous
Tue Apr 20 2010 22:02
Wall Street needs to continue running the same scam on taxpayers in order to get their mega-bonuses. They have lost their moral compass, sold their soul to the devil, lack a conscience, have no interest in the public.
Anonymous
Tue Apr 20 2010 11:24
The commencement speaker is using the University for an image building PR tour. He wants to be Treasury Secretary. Of course his speach is going to be rah rah. Let's see if he touches on the trouble his industry caused. Give him a chance, then critique the speech.
Anonymous
Mon Apr 19 2010 16:38
This is a commencement speaker.......this man is not here to change what you think but rather give you a perspective of the business world. You can chose to listen and make up your own mind or try to shut him down because you disagree with him. These are seniors that are complaining?? UNBELIEVABLE!!!! Its time to grow up and realize that there are many points of views out there in the BIG world!!!!!! YOU CAN'T ALWAYS HAVE YOUR WAY!!! THIS IS NOT PRESCHOOL!
Anonymous
Mon Apr 19 2010 16:37
This is a commencement speaker.......this man is not here to change what you think but rather give you a perspective of the business world. You can chose to listen and make up your own mind or try to shut him down because you disagree with him. These are seniors that are complaining?? UNBELIEVABLE!!!! Its time to grow up and realize that there are many points of views out there in the BIG world!!!!!! YOU CAN'T ALWAYS HAVE YOUR WAY!!! THIS IS NOT PRESCHOOL!
Anonymous
Sun Apr 18 2010 13:55
The quality of the writing and commentary here is cause for pause. Yet the choice of Dimon is poor. He has been a prominent actor in our banking system which has clearly failed us, JP Morgan has the largest derivatives book, and Dimon opposes all of the current proposed regulation, including the Volker Rule, while having championed with his mentor Sandy Weill (who is now, with Dimon, acknolwedged to have destroyed Citibank) the repeal of Glass Steagall. Let's invite a Syracuse 2009 graduate, or Elizabeth Warren to speak. Failing that, let's simply stand and turn our backs during Dimon's remarks.
Anonymous
Sat Apr 17 2010 12:04
Those who are still willing and full of praise for a man who lacked any transparency and helped make greed his nickname in addition to participating in devastating the national and world economy, seem willing to follow in his footsteps.

This describes last year's commencement speaker and the corporation backing administration he works for, yet his speech was celebrated.

Anonymous
Sat Apr 17 2010 00:22
Now that this is national news, it also gives the nation and the world a glimpse of the integrity of Syracuse students. Those who are still willing and full of praise for a man who lacked any transparency and helped make greed his nickname in addition to participating in devastating the national and world economy, seem willing to follow in his footsteps.

I imagine he will hand out notes as he speaks on how to financially screw the middle class. Then he will present you with Bank of America t shirts. From what some of you have written, I imagine you will wear them proudly.

Owen Fiedler
Fri Apr 16 2010 22:43
Ashley Mariel and Ryan,
Get a life.
You are the epitome of what is wrong with SU.

You three need to get out before you're forced out. You all haven't had the best memories at SU? Haven't you gained countless friendships and bonds that will last forever. hasn't SU given you something?

I hope that you all have jobs lined up because you're never going to get hired because you bring up controversy and you don't even have an argument. I hope I see you at commencement and you get pied int he face.

Anonymous
Fri Apr 16 2010 13:02
To the jaded graduates of the past: There is not one senior graduating that does not know, on some level, that this is what the world is about. It is about loans, and debt, big business, taxes, and providing for a family. But we are the newest graduates, the youngest professional adults, and this is our time to see the world as we want to see it. Some of us believe we can change it, some of us believe we can escape it for ourselves, and other buy into it.

Think of a child who believes in Santa Claus, and is told a month before Christmas that it was a hoax. It would destroy the day that they have so long been waiting for. But by the time a child is ten, and begin to doubt it in their own mind, the realization comes to him from his own experience, intelligence, and logical thought. Only then can Christmas still be a special day - when others didn't destroy your rose-tinted glasses for you, but when you are out there living and realize for yourself there are other things to love.

Give us our time to discover what life means to us, and don't destroy our reality based on your experiences since you've graduated. We're fighting to believe in what it is we believe right now. If it means later we can change the world for the better, then great. If it doesn't, then we've lived a better life for it.

Anonymous
Thu Apr 15 2010 15:39
I think the students are very closed-minded and incapable of seeing Dimon's strength as a banking CEO during this crisis. He is an excellent choice given the circumstances. I bet most students complaining can't tell the difference between JPMorgan and Morgan Stanley, let alone the roots of the crisis (watching Michael Moore's movie Capitalism doesn't count). Stop complaining and embrace learning from someone outside your normal range. I'm pretty sure there's more to learn from his experiences than Billy Joel's
Anoymous
Thu Apr 15 2010 14:06
Totally agree with all who see this honor as payback for the attentions of JP Morgan. Having personally seen Mr. Dimon in action I can attest to the fact that he is amoral and only interested in the bottomline. There is no altruistic motive behind him coming to Syracuse to speak...I think the Chancellor is trying for a large donation. It seems to me that the University has short-changed the Class of 2010 in its quest for funding....Syracuse often feels like a technical school - this just confirms the fact that it is no longer a school of higher learning - simply a factory that sees it role as a source of middle managers without any intellectual curiosity or rigor.
Lisa
Wed Apr 14 2010 16:46
I dont think its the fact that a CEO of a major bank is the problem but literally the one that was chosen. There are hundreds of successful CEO's that would be appropriate for that type of speech that the students could listen and learn from, just not of that bank. Its not a hissy fit to object to the commencement speaker for your own graduation. Since most of the people that are bashing the students are talking about the "real world" and liberal "lefties", I have to assume none of them are the ones that will actually be listening to the commencement speech. If the students that have worked hard for years, attended the university, and are now about to graduate and embark on their own life journey outside of school do not wish for their finale from college to be a speech from the CEO of JPmorgan/Chase, they have every right to request a new speaker. They should however throw a couple of names out there for replacements rather than just object to the current one which they may or may not have done, I honestly do not know.
Anonymous
Wed Apr 14 2010 13:28
My, my these students have so much to learn about life. Have a good time with your hissy fit. I suppose if Mr. Dimon actually does speak at the commencement, you'll protest and boycott and heckle and turn your backs like the good little lefties that you are. Don't give him a chance to speak, shut him down. That is the typical M.O. that universities use against anyone who doesn't agree with their precious ideas. Maybe you should protest your university for the choice and demand that SU not accept money from EVIL corporations so it can remain pure from so-called corruption. You have benefited from what you think is so terrible. You must have gotten all A's in Hypocrisy 101.
Anonymous
Wed Apr 14 2010 11:57
So you loved a guy pandering to corporations in Joe Biden, but you don't like Jamie Dimon.

Kids at this school are the biggest f*cking hypocrites. 'CORPORATIONS ARE EVIL BUT OBAMA ROCKS'. Look at the world around you, Obama/Biden are working for these corps. They're not different from Dimon.

SU Student JR
Fri Apr 9 2010 16:33
This comment section seems to have become a way for old fashion grads to yell off their porches at liberal students who are dissatisfied with a graduation speaker that doesn't fit the student bodies ideals. A graduation speaker should be someone who can deliver a powerful message that resonates with the students. Jamie Dimon may be able to deliver a powerful message, but the fact that the students do not want to hear it is the problem with this choice. As an SU student I can tell the JP Morgan "fans" (employees) that the majority of students here don't care about banking, finance, or Wall Street. Is that a problem? Probably...yet it's the truth and just further proves that the school is completely out of touch with it's student body.
Anonymous
Sun Apr 4 2010 08:27
As a student in the College of Human Ecology, I can say I'm incredibly disappointed as well. I already have seen my primary classrooms taken over by JPM (just walk into Lyman Hall) and I know there is a plan for their company to own the building in the next couple of years. Yes, we are the smallest college on campus, but we are the first to feel the push. When I got the email about my classes commencement speaker, I honestly felt no surprise. I love my professors, my classes, and everything I have learned at this institution but I feel further and further away from their ideals daily. The speaker is simply the straw that is breaking the camels back.

I have no intention of attending my own graduation.

Chip
Sun Apr 4 2010 08:12
GOOD SPEAKERS (to most students) = sees capitalism as evil (but you'll take that job offer in a minute!), feed Africa (to just have more babies), diversity is the goal (not merit), the rich get richer (ever see a poor person create a job?), you can save the world (yea, wait until you have pay huge taxes, keep a family going, fix the car, etc) BAD SPEAKERS = anyone who doesn't hold these liberal viewpoints! Even JPMorgan Chase...the company that helped pay for many students tuition at SU!
Tom
Sat Apr 3 2010 16:33
Agreed that this was a terrible choice for a speaker. The only students I know who aren't incredibly disappointed are accounting majors who have a sick love for banking. Yippee.
Anonymous
Fri Apr 2 2010 22:17
to JPM Fan/Syracuse Grad ......

just an fyi... just because this article is written by Arts & Sciences students doesn't mean it's biased and should be ignored, if you were presently on this campus you would know that a multitude of students from other majors/schools are disappointed and disagree with the choice of commencement speaker.

SU Alum, Attorney, Artist, Entreprenuer
Fri Apr 2 2010 09:24
When I graduated our commencement speaker was the author of "All I really needed to know, I learned in kindergarden" Oh my how the lofty ideals of my alma mater have slipped in the intervening years since Buzz Shaw left. As an individual educated as an artist by the University, I can tell you that the best business education I recieved was in assembling the teams I needed to produce movies I made as a student. It taught me about finance, it taught me about team building, it taught me about deadlines, it taught me about leadership, and it taught me about the value of being nice and caring about other people because it was the only way you could get people to be helpful. The legal education I pursued after leaving the university gave me the knowledge needed to understand not only the business dealings of the high finance types at Chase, but also the inherent corruption in our system that allows megacorporations such as it to stomp out genuine competition and reap rewards through an unfair system that has helped to dismantle the American middle class and consolidate economic power into the hands of an ever shrinking elite. Kudos to the students at my alma mater who stand up against the insane choice of commencement speaker. Syracuse University has always been a place where free thinkers and radicals on both ends of the political spectrum learn to find their voice, given the ever increasing pricetage and debt burden being heaped onto the shoulders of current students if you don't stand up against the continued corporatization of that fine institution, your posterity will not appreciate your legacy. Our great political fights on campus when I was there were the effort to SAVE OTTO from corporate PR people who thought our little orange fuzz ball wasn't hip enough, and an effort to end the contract between the university and Pepsi because they were dealing with a dictatorial regime in Burma. The battles that need to be fought today are far more important!






log out