University of California students and workers protested Tuesday at Blum Capital Partners’ investors meeting in Sausalito to voice concern over what they view as conflicts of interest between Dick Blum’s role as a UC regent and his firm’s investment in for-profit education.
Students and workers pointed to Blum Capital’s ties to companies such as Career Education Corp.(NASDAQ: CECO) and ITT Tech to explain what they see as the UC leaders’ quest to privatize higher education. Shortly after the decision to raise student fees by 32 percent was made, Blum Capital Partners rushed to purchase even more ITT stock, the protesters said.
Blum Capital Partners said it would have no comment.
“Where do you think our young go when public higher education becomes inaccessible?”
