In the past few months, divestment has evolved from a burgeoning movement on a handful of college campuses to a nationwide effort, though only three schools have agreed to divest their endowments from fossil fuels thus far. At Bowdoin, members of Green Bowdoin Alliance (GBA) have scaled up their efforts to push the College on the issue, and submitted a formal proposal last week that urges President Barry Mills and the Board of Trustees to divest from the top 200 publicly traded fossil fuel companies within the next five years. In a joint statement provided to the Orient on Wednesday, Mills and Paula Volent, senior vice president for investments, wrote that approximately 1.4 percent of Bowdoin’s endowment is invested in these 200 companies. The College invests in them through large commingled funds that contain hundreds of other stocks. Divesting from fossil fuels would require a turnover of over 25 percent of the endowment, according to the statement.
Less than three months after the project began, electrical and mechanical work is beginning on the new Longfellow Arts Building. On schedule to be completed by August 2013, the project is will transform the old Longfellow Elementary School into a new hub for art studios, offices and gallery space. The building is currently 38,000 square feet but will be expanded to 44,000 square feet and will include a digital media lab, a woodshop, a printmaking studio, a dance studio, gallery spaces, faculty offices and studio space for drawing, painting, sculpture and other visual arts classes.
The Brunswick Police Department (BPD) arrested Holly Lorms, assistant coach of the women’s ice hockey team, around 10:45 p.m. Sunday night on suspicion that she had crashed her SUV while under the influence of alcohol, according to the Bangor Daily News. Lorms’ Lexus SUV veered off of Sills Drive, crossed a divider—narrowly missing several trees—drove over a portion of the Polar Loop parking lot, and crashed into the east side of Druckenmiller Hall. On Monday afternoon, dark black tire marks were visible on Sills Drive. A small section of bricks had been dislodged from the wall of Druckenmiller Hall. Lorms, Interim Athletic Director Tim Ryan, and women's ice hockey Head Coach Marissa O’Neil all declined comment.
Susan Danforth, associate director of communications and College editor, died on Sunday at Maine Medical Center after suffering a stroke at her home in South Portland on Friday. She was 53 years old. In an email sent to all College employees on Sunday evening, President Mills wrote, “Sue was a diligent professional whose careful work touched every corner of our campus for more than a decade...This unexpected and sudden loss of a truly talented and dedicated colleague touches so many of us, and reminds us of the fragile nature of life.”
Bowdoin’s 13 most highly paid employees saw salary increases in the fiscal year ending in 2011, according to the Form 990 tax document filed by the College for the 2010-2011 calendar year. As a non-profit organization, the College is required to disclose the compensation packages of its highest-paid employees. The 2011 Form 990 is the most recent statement available. Senior Vice President for Investments Paula Volent was the highest-paid administrator, earning a total compensation package of $781,166. This figure includes a base salary of $416,456, plus retirement and deferred compensation ($42,890), nontaxable benefits ($19,615), other reportable compensation ($2,205) and a bonus and incentive package of $300,000.