But that was 2019. Little Oberlin’s endowment currently stands at $1.09 billion.
A few years ago, Oberlin College did a hell of a lot of damage to a local bakery – falsely accused it of racism, got tons of people to boycott it – and a jury’s decision that it pay the bakery $33 million in compensation doesn’t sit at all well with the school. But the decision has been upheld; the school’s only option at this point is to kick things up to the Ohio Supreme Court… or hey, maybe the US Supreme Court would like to air, for the nation and the world, a billion dollar school’s vicious attack on a local small business.
Let’s wait and see what Oberlin decides to do. Not paying will expose it to yet further penalties, one assumes; so it can’t do nothing forever. I’m figuring an Ohio court at any level will share the outrage of an Ohio jury in regard to the arrant vileness of Oberlin’s behavior. I doubt the Supreme Court would look at the case. And, you know, Oberlin has enough money in its endowment to pay what it owes.
It’d be nice if they concluded something humane and useful for themselves as a result of all of this, but that ain’t gonna happen. Mob rule will prevail.
UD thanks David.