Rothschild and Freshfields founders linked to slavery

Описание: Apologies and acknowledgements

Several institutions have apologised for, or acknowledged, their links to slavery including:

●In March 2002, Deadria C. Farmer-Paellmann, a lawyer and activist, launched an unsuccessful legal action against Aetna , a healthcare benefits company, and others for unjust enrichment through slavery. Legislation in California and Illinois prompted several companies to research their past and some to apologise and make atonement gestures.

●In mid-2000 Aetna, prompted by Ms Farmer-Paellmann, was one of the first to apologise for insurance policies written on slaves 140 years earlier.

●In 2002, New York Life, the insurer, donated documents about the insurance it sold to slave owners in the 1840s to a New York library. It also backed educational efforts.

●In 2005 JPMorgan, the investment bank, apologised that two of its predecessors in Louisiana Citizens Bank and Canal Bank had mortgaged slaves. The bank made its research public and set up a $5m scholarship fund for African- American pupils.

●Lehman Brothers apologised in 2005 for its predecessors links to slavery, while Bank of America said it regretted any actions its predecessors might have taken to support or tolerate slavery.

Wachovia Bank, since acquired by Wells Fargo, also apologised for its predecessors having owned and profited from slaves. It set up a programme offering $1bn in loans for black car dealerships.

●In October 2001 students at Yale University pointed out its past links with slavery. The university noted it had already founded the Gilder-Lehrman centre for the study of slavery.

Brown University has set up a commission to look into links with slavery and how it should make amends.

●In 2006 Tony Blair, prime minister, expressed deep sorrow for the UKs role in the slave trade.

●Last week the US Senate unanimously passed a resolution apologising for slavery and segregation.

Source: Financial Times of London, FT.com
By Carola Hoyos
Published: June 26 2009 23:32 | Last updated: June 26 2009 23:32
Link: http://www.ft.com/cms/s/0/7c0f5014-62...