Columbia says Nutella theft claims don't stick
The university has issued a press release trimming the amount of chocolate-hazelnut spread stolen from its dining halls.
What? Students stealing $5,000 worth of Nutella from Columbia University dining halls each week? That's just ludicrous.Stealing $2,500 in hazelnut-chocolate spread a week? That's more like it.
Being embarrassed by claims in a student paper like the The Columbia Spectator is one thing, but having your starchy Ivy League laundry aired in The New York Times is another matter entirely. So, Columbia took the odd step of issuing a self-deprecating press release on Thursday downplaying claims of grand snack-spread larceny.
Columbia claims the initial Nutella hoarding cost the school $2,500 the first week it was introduced in mid-February, then "quickly dropped to $450 per week for dining halls that serve some 3,600 students, seven days a week at three campus locations."
It also credited the extensive attention the reports received for shaming students into leaving Nutella jars alone and refraining from filling to-go cups with the spread for late-night baguette-and-banana benders.
It all adds up to more publicity than untainted condiments generally get, but Nutella tends to inspire these outsized reactions wherever jars of its rich, decadent spread appear. The problem in Columbia's case is that a Nutella craving is a somewhat costly habit to maintain. Then again, even the Times story suggested that the $5,000 claim was a bit steep, quoting a university spokeswoman who claimed initial reports are "roughly 10 times greater than the actual figures."
Still, Nutella's cost and its reputation as a grocery luxury may have inspired its mass disappearance. Columbia likely issued that release in a good-humored attempt to save face, but its subtext seemed more about saving its already socioeconomically stereotyped student body from itself.
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Trending NOW
- 1.men's wearhouse
- 2.spy
- 3.fdx
- 4.amrn
- 5.aeropostale
- 6.msft
- 7.vix
- 8.zero hedge
- 9.gld
- 10.nok
About moneyNOW
MoneyNOW brings users smart, original and entertaining takes on the latest business and investing topics that are buzzing on the Web.
RECENT POSTS
While caffeine unquestionably improves focus, it blocks the ability to let the mind wander and form original ideas.
- Western wildfires raise the question of who pays
- 'The Wolf of Wall Street' is set to prowl again
- What vintage aircraft fly on: Donations, enthusiasm
- Obamacare surprise: Young people want coverage
- Urban Outfitters pulls drug-themed gear
- Donald Trump rakes in millions selling name to world
- EA's Simpsons game triggers gun fans' ire
- George Zimmer vs. Men's Wearhouse over firing
- New $25,000 rifle is fully loaded -- and then some
MARKET UPDATE
[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.
The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.
Stocks traded with slim losses until this afternoon's FOMC Statement and subsequent comments from Chairman Bernanke sent equities and Treasuries to their lows while also providing a significant boost to the dollar.
Today's Statement was ... More
More Market News
TOP STOCKS
Plus, after much ado, Softbank is oh-so-close to acquiring Sprint.
MSN MONEY'S
- Shared
- Commented
- Viewed



