Word: abstained
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...voted for and five voted to abstain on the second part of the proposal, Stevens said, adding that if the Corporation drafts the letter according to the ACSR's recommendation the document would explain the inconclusive, two-part vote...
...Corporation yesterday voted to abstain on a Mobil Corporation shareholder resolution that would require Mobil to halt sales to the military and police in South Africa though the Advisory Committee on Shareholder Responsibility (ACSR) recommended unanimously last week that the Corporation approve the resolution...
...Corporation also decided to abstain on resolutions at the Exxon Corporation and the Atlantic Richfield Company that request an end to these companies' expansion in Chile. The ACSR had given favorable--but only by a plurality--recommendations on these two motions...
...addressing the shareholder resolutions at Exxon and ARCO the Corporation states that, in view of the ACSR's vote--five for, one against and four abstaining--"We have decided to abstain on this issue in order to give the ACSR an opportunity to continue its deliberations on this subject...
...Corporation's recent rumblings of retreat--combined with its willingness to abstain on South-Africa-related shareholder resolutions because of petty qualms about language and feasibility--reflect a larger, even more disturbing trend. Apparently, the Corporation is attempting to seize the opportunity afforded by a lull in student activism to withdraw the sole concessions it made under fire in 1978, when more than 3000 students took to the streets to demand divestiture...