Stiglitz. Columbia faculty received multiple Nobel Prizes: Richard Axel and Linda Buck (Medicine, 2004), Edmund Phelps (Economics, 2006), and Orhan Pamuk (Literature, 2006). Václav Havel joined the faculty.
Controversy erupted over a planned 2006 invitation to Iranian President Ahmadinejad, which was ultimately canceled due to logistical and security issues. Later that year, a campus event featuring Minuteman Project speakers was disrupted by protesters. Bollinger strongly condemned the disruption, reaffirming free speech principles while stating protesters do not have the right to silence speakers. Several students faced disciplinary action, and non-affiliated individuals involved were banned from campus.
The 2008 financial crisis impacted Columbia's endowment, but less than peers as only 13% of the operating budget reliant on the endowment (compared to higher percentages at peers like Harvard). The endowment recovered, hitting $8.2B in Oct 2013. Despite the downturn, Columbia pressed on with Manhattanville …
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