Stanford Loses $2.5 Million Donor over Exxon Partnership
March 13, 2007
A $2.5 million donation to Stanford has been retracted by private donor and movie producer Steve Bing, who was alarmed by Stanford's 10-year, $100 million partnership with Exxon Mobil. Bing has previously donated a total of $22.5 million to Stanford, but called the university president to say that he would no longer contribute to the school, and is calling other donors to similarly halt their support of the school. Bing objects to an attempt at "greenwashing" the oil company's image. The Mercury News
