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Students organize opposition: Group plans protest, petition against JPMorgan CEO Jamie Dimon

Asst. News Editor

Published: Wednesday, April 7, 2010

Updated: Monday, April 12, 2010 23:04

Commencement

Andrew Burton | Special Projects Editor

About 30 students gathered in Schine Student Center's Panasci Lounge on Wednesday to form a plan of action to remove JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon as the 2010 commencement speaker.

"When we feel wronged, we have the idea that we can raise up," said Ashley Owen, one of the meeting's leaders and a senior magazine journalism and geography major, before the meeting. "We need to be shown that there's a vehicle with which to do so."

Suggestions for how to change the commencement speaker included staging a protest, contacting media outlets such as The New York Times for national publicity, writing a letter to Dimon asking him to step down, and contacting faculty and staff members who are also angry with the commencement speaker choice. The students broke into groups to work on each plan. 

At Wednesday's meeting, Owen and fellow member of Students for a Democratic Society Mariel Fiedler announced a protest on the Quad on April 14 from 4 to 6 p.m. The protest will be in the form of a dance party called the "Take Back Commencement Rally."

Since the March 25 announcement of Dimon as Syracuse University and the State University of New York College of Environmental Science and Forestry's commencement speaker, a student-generated petition and a Facebook group titled "Take Back Commencement" have been created. The petition was created on April 2 and had 703 signatures as of Wednesday, and the group had 760 members. 

The number of signatures stands at about one-fifth of SU's senior class. The petition states the signees' opposition to what they see as the use of the commencement to restore the banking industry's image and "validate the anti-environmental and anti-humanitarian interests of JPMorgan Chase." The petition demands a new speaker who does not fit this mold and is sensitive to the current global climate.

In response to the petition and student concerns, Senior Vice President for Public Affairs Kevin Quinn said the administration is aware of opposition and that there has been discontent with speakers in the past. Controversial speakers in the past include Rudolph Giuliani in 2002 and Malcolm Forbes in 1988, he said. 

"While we understand and respect that every student is entitled to their own viewpoint, Mr. Dimon is the speaker for this year's commencement," Quinn said in an e-mail.

The student petition is currently only online, but each student at the meeting was encouraged to gather signatures in hard copy to compile and present to the university. John Crandall, president of Pride Union and a student present at the meeting, suggested making copies of the petitions before handing them over to the administration.

Adrienne Garcia spoke for the group focused on campus mobilization, including the Take Back Commencement rally. In addition to the rally, the group discussed acting in unison at least once a week until commencement. Other ideas included holding hands around the administration building when the chancellor and others are leaving work.

The group also suggested holding a vigil for all students struggling to pay for college. After the vigil, the group wants students to walk toward the administration building and snap wooden pencils on the ground. 

"We want to have a vigil for everyone who had to drop out and everyone across America who is suffering from what JPMorgan represents," Garcia said.

The group focused on finding a new speaker is considering finding someone who has been affected or wronged by JPMorgan, said Liz Quencer, a senior majoring in television, radio and film, political science and psychology. The group wants every student to post ideas for new speakers on the Facebook group wall, she said. Members want to remain careful of finding another speaker who is too polarizing, she said.

Audra Colombe spoke on behalf of the media relations group. The group compiled a list of media contacts, including people from The New York Times, The Huffington Post and perhaps The Daily Show. Its members plan to ask the contacts the best way to bring their concerns into the national spotlight, she said. The group also came up with the idea of creating a Twitter account and re-tweeting a single statement expressing the concerns to every tweet mentioning Dimon.

Another group focused on contacting department heads and other faculty members for support and suggestions on how to move forward.

Fiedler, one of the meeting's organizers, worked on drafting a letter to Dimon directly during the meeting. She told the crowd the letter could say something like, "We respect your position in society, but we don't want you here as the person pushing us out into the world."

While the group may go around the administration and directly to Dimon, it plans to make the students' discontent so well known that the administration cannot ignore it, she said.

"The idea is to cause so much of a ruckus that they're embarrassed to have him speak here," she said.

But for Owen and the rest of the students, having Dimon speak at commencement isn't only disrespectful to the students walking at commencement, she said. It also matters to those who will not.

"A lot of people have had to drop out of school, and it's a slap in the face to all of those students that won't be walking with us at commencement," she said. "It's not Dimon personally, but more of the system that he represents." 

kronayne@syr.edu

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61 comments

Bruer
Fri Aug 13 2010 07:05
When I read this article, I was completely and thoroughly impressed with the Senior class at New York College of Environmental Science and Forestry, (Syracuse). Andrew Burton does a good write-up that briefly gives insight into campus life, that quickly brings us all back to those days we had when on campus at our respective colleges, and the mission objective of 1/5th the student body (one fifth).

It was interesting to visualize:
a) 30 students gathered in Schine Student Center’s Panasci Lounge
b) to form a plan of action to remove Jamie Dimon as the 2010 commencement speaker.

Then he quoted one of the 30, Ashley Owen:
“When we feel wronged, we have the idea that we can raise up,”
“We need to be shown that there’s a vehicle with which to do so.”

Thus capturing a sensible person (someone who studies geography and is plan spoken and probably places a value on truthfulness unlike Dimon and cohorts) ... a sensible person the University can be proud to graduate, who is trying to troubleshoot the problem. The problem is defined by a crooked banker trying to create PR for himself and repair his damaged psyche, but still peddling influence and throwing money around in back-channels to do it. (It really is a sad indictment of Wall Street to see deceitful brokers and their crooked bank executives, trying to promote themselves as heros of our economy. I can fully understand why 20 percent of the studen body opposes having a purveyor of fraud. Who wants to invite a catholic priest to give commencement while they are in the middle of a major inquisition for crimes some other priests might have perpetrated, or they themselves have been involved in covering up. The same holds true for the pettifogger, and under-diagnosed, financial deviate, Jamie Dimon.)

But unlike me, Ashley Owen brings her civility to bear and raises up the issue to sensibleness and simplicity that is both elegant and right; right like rain on a forest - not angry - right - socially and economically correct.

It is great to see natural leaders display calming assurance in a right course of action, and not acting too extremely, to think up sensible ways to get Dimon removed as their commencement speaker.

*The above was written in April 2010*

Bodey
Wed May 19 2010 12:47
Hahaha!! Jamie Dimon spoke anyway. Did you crybabies boycott the ceremony? Read some facts!! Don't just throw a fuss because its trendy to go against the grain. "Banks are responsible for the economy and he works for a bank, therefore he's bad". By that same token I could say, "LT hooked up with that underaged girl and used to smoke crack so the NFL is an organizaion that condones rape and drug abuse. Gilbert Arenas broght a gun to work so the NBA condones violence." Grow up morons. Nevermind the 52 home advocacy centers that JPMorgan Chase has opened across the country so far to keep people in their homes. Nevermind the nearly $280 million extra that they paid back to the government in addition to the paid in full TARP funds they received. Stop making such idiotic generalizations, cry, "FOUL!!" and organize protests just because you're the losers at school and no one of the opposite sex even notices you're alive. Do something useful with your short college years.
RRR
Wed Apr 28 2010 21:10
Ummmm, some of the people that work on Wall Street benefit society by keeping the boat builders, construction workers, caterers and so on, employed. They spend their money on luxury items, which take people to make and service.
Anonymous
Tue Apr 27 2010 09:15
In a surprise move today, JP Morgan Chase CEO Jamie Dimon has declined his invitation to be the commencement speaker for Syracuse University. Citing a need to pressure Congress to repeal the minor consumer protections on credit cards recently enacted, he provided the following statement, “If $30 million can’t guarantee the University to silence any dissent, I don’t know what can. I’m busy siphoning off huge amounts of capital and I don’t have time for anybody to disagree with me.” In a panic to recoup the $30 million gift from JPMC, Chancellor Cantor asked to see if the speakers list had any names in small print that they had failed to see the first time. Apparently there were, since in very faint print the name of Montgomery Burns suddenly appeared. Burns, owner of the Springfield Nuclear Power Plant, said he would be pleased to speak and added that if needed his hounds would be available to control dissent at Commencement. “Although Mr. Dimon was unable to bring his unique vision to enlighten the deadened sensibilities of the graduating class, Montgomery Burns shares the same vision”, said Chancellor Cantor. In an unrelated story, the Burns Foundation has made a generous gift of $30 million to Syracuse University and will be establishing the Burns Center for Predatory Capitalism in Lyman Hall. Excerpts from Burns’ speech, “The Use of Philanthropy to Control and Manipulate Institutions of Higher Learning” will be available online following Commencement.
Anonymous
Tue Apr 27 2010 07:37
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Anonymous
Sun Apr 25 2010 19:50
Seriously, your parents pay for your tuition, try working for what you get, then I think you have earned the right to complain. A hard working guy who become CEO may just be a good person to listen to when you are trying to enter the workforce---Thank you Jamie Dimon's mother!

Everyone works hard-- why does Dimon's hard work count more? What does Wall Street do to benefit society? I can think of hundreds of hard working people in other professions which benefit society a lot more than those who play with other people's money--award them self if they guess right, and award themselves it they guess wrong.

Anonymous
Sun Apr 25 2010 14:24
Seriously, your parents pay for your tuition, try working for what you get, then I think you have earned the right to complain. A hard working guy who become CEO may just be a good person to listen to when you are trying to enter the workforce.
Anonymous
Thu Apr 22 2010 17:29
JP Morgan Chase was one of the banks that did not need the bailout money

_______________________________________________________________

Ever since the protesters brought up the bailouts and were owned on this point, they've moved on to it being about some global warming BS. They're looking for anything and everything to discredit this thing, and it's gotten old. Now they're just acting like babies, not graduating college students.

Anonymous
Wed Apr 21 2010 14:28
The people doing this are a shame to the university. If you want someone to blame for the fact your in debt, blame the University itself for increasing tuition at a much higher rate than the rate of inflation. Do not however, blame the bank that provided you (or many of your friends) the money to go to college. JP Morgan Chase was one of the banks that did not need the bailout money and Jamie Dimon has even been praised by President Obama which should even ring a bell with the over the top liberals in Newhouse.

People protesting (almost exclusively Newhouse Students), should be ashamed that you are trying to replace the speaker because you didn't get what you want. Whitman is an important part of this school and the speaker represents this well. Each year, the University tries to get someone that represents a school well such as two years ago when there was a journalist or last year when we had a graduate of the law school (and a VP of the US)

Bodey
Wed Apr 21 2010 13:26
Reply to Anonymous commenter from Mon Apr 19 2010 08:47.
So wait, let me get this straight. They forked over a bunch of money to you so you could buy a home. You signed your name multiple times on the closing documents saying, "Yes, I want you to give me this wad of your cash with these terms and interest rates so I can have a house". They even gave you a required 3 day Right Of Recission to go through those papers and back out ,no questions asked, if you wanted to. Now you can't pay it back and you want them to just eat that loss right? What kind of hypocrites you got out there in NY. I guarantee that if someone owed you hundreds of thousands of dollars and wanted out of it, you'd be pissed. But no, the banks should just accept that you can't give back the money they gave you and they're SOL.
Anonymous
Tue Apr 20 2010 22:01
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 16:39
Break some pencils.....that'll show them. I hope you get a fine for littering.
Anonymous
Mon Apr 19 2010 18:42
SU seniors have years of highschool and now college behind them......it is time to realize that you will agree and disagree with many people in your life/employment. This is a business man who has been successful. Now he may not share the same values or goals as you, but he won't be the first or last person you come across in life that you don't like. Take his speech in and take from it what you will. Some students will enjoy it, some may not. That my friends is called LIFE! There is no person on this earth that EVERYBODY would agree with!
Anonymous
Mon Apr 19 2010 16:42
I CAN'T BELIEVE SENIOR STUDENTS ARE PLANNING TO PROTEST A SPEAKER!!!!!??? Why are they soooo afraid to here someone with a different opinion speak???? They don't have to agree, they just need to listen. That is what adulthood is all about. Everybody has an opinion and a right to offer it. Time to grow up SU SENIORS!!!!!
Anonymous
Mon Apr 19 2010 08:47
Stand your ground and Protest, Protest, Protest! This gy should not be delivering the speech! He has turned on families in America and they have nowhere to go! In their banks advertisements, they claim" We want to help you save your home". It's false advertising! I have dealt with them for almost a year now and evrytime I have asked for help or qualified for a program, they decline it!! They don't care where people end up? How about on the sidewalks and yards of these bankers for a home? They should be ashamed of themselves. We owe them money and we have to sit for hours and listen to this man on how great it is?? I think i'll find something better to do that day!
Anonymous
Mon Apr 19 2010 03:26
Bankers earn their money by putting you in debt and keeping you in debt, hoping you never come up for air. They hope you choke on 29.99% interest rates, and add on some late fees and penalties. They sell products which most people can't understand, and they take home large bonuses on the sweat of the people, which they call their customers. A nice way to earn a living ain't it?

- Replace "bankers" and insert "government" and the same rings true. They're working in collaboration. Government takes whats yours from you in a tyrannical way and strips you of your individual rights.

"We shouldn't have to listen to someone who we owe money to" Amen. Dimon is a purveyor of debt, a legalized loan shark who mobilizes his army of lobbyists to make sure financial reform fails, so JP Morgan can continue gouging the eyeballs of the public.

- And here too. Obama/Biden are upping their IRS cronies to enforce an unconstitutional law that we the people invest in the private corporations they're buddies with. If you don't unwillingly give up your property, and therefore your liberty, the state is coming after you.

So I'll say it for the millionth time, those criticizing Dimon should've been the same criticizing the choice of Joe Biden, but they're not because he represents something lefties love, the Obama administration and the state, while Dimon represents something Obama told them to hate, fat cat bankers. The FACT that they're one in the same that feed off of each other doesn't matter to anyone who has protested. Government over the last century is what has caused our corporatocracy (and no, it isn't capitalism that we have), the bankers just feed off of it. None of you seem to care about that.

Anonymous
Sun Apr 18 2010 22:59
Adrienne Garcia is my hero! Great line to CNN when she said, "We shouldn't have to listen to someone who we owe money to" Amen. Dimon is a purveyor of debt, a legalized loan shark who mobilizes his army of lobbyists to make sure financial reform fails, so JP Morgan can continue gouging the eyeballs of the public.
Anonymous
Sun Apr 18 2010 22:48
Bankers earn their money by putting you in debt and keeping you in debt, hoping you never come up for air. They hope you choke on 29.99% interest rates, and add on some late fees and penalties. They sell products which most people can't understand, and they take home large bonuses on the sweat of the people, which they call their customers. A nice way to earn a living ain't it?
Anonymous
Sun Apr 18 2010 22:43
The student should be proud of their cause. Why is everyone an apologist for greedy bankers? What value do they add to society? When you are croaking of a heart atttack, will you call your JP Morgan banker or an EMT? Bankers of "too big to fail banks" get way too much credit for nothing special, they just get paid a lot but their contribution to society is suspect. They almost ruined the world. They are a bigger threat to world stability than global warming, nuclear war or terrorism. Their shennanigans must be stopped.
Anonymous
Sun Apr 18 2010 21:06
Syracuse should be ashamed of these students. I just heard Adrienne Garcia give an interview on CNN and all she did was spout off bigoted generalization after bigoted generalization about bankers. It's really shocking that this level of ignorance should come from an otherwise highly reputable university. Is there a single economics or business major signed on to this farce?






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