Historian Tells “Difficult Truths” About Slavery and American Colleges

“The task of the historian is to tell difficult truths as honestly as we can and to tell help the reader understand both the complexities and the disturbing realities of the past.”

Professor Craig Steven Wilder, head of the history faculty at Massachusetts Institute of Technology, offered that thought as part of describing his new book, Ebony and Ivy: Race, Slavery, and the Troubled History of America’s Universities, during an “On the Issues with Mike Gousha” program at Eckstein Hall on Wednesday. The book serves the purpose he set forth, describing the painful and long history of involvement of colleges and universities in the American colonies and in the United States with slavery and promotion of “scientific racism,” pseudoscience that promotes the superiority of white people.

Wilder described, both in the book and to the audience at Marquette Law School, how major institutions such as Harvard and Yale had long and close relationships with the slave business. That included recruiting the sons of slave traders and plantation owners as students, benefitting from large donations from very wealthy businessmen who were involved in slavery, and promoting thinking that black people and American Indians were inferior and should be suppressed. It also included the fact that many students in the slavery era brought their slaves with them to campus, including in the north.

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A Conceptual Approach to Advising High-Profile Clients

This blog post concludes the series on the Fantex, Inc. IPO by analyzing the need for competent, and honest, financial attorneys with respect to managing the wealth of high-profile clients.

It is hard to imagine that NFL running back Arian Foster received legal or financial counsel before signing his brand contract with Fantex. Under the terms of the agreement, Foster assigns 20 percent of his gross earnings to the company in return for a one-time payment of $10 million, intended to be raised through the company’s IPO. The contract remains effective indefinitely and grants Fantex the right to audit Foster’s finances. Moreover, the only earnings excluded from the 20 percent assignment provision are any movie and TV roles where Foster does not portray a football player, as well as any music that he produces or writes. The one-sidedness of this contract—and the fact that Foster actually signed it—shows that Foster’s advisors, if any, did not have his long term financial interests in mind.

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