Word: abstentionism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
The Corporation voted against the first two Campaign GM resolutions and abstained on the third. However, as the Austin Committee noted in its report last March, "It is a truism in the financial world that abstention in a proxy contest is a vote for management,"
With its abstention on Proposal Three, Pusey said, the Corporation expressed its "endorsement in principle and doubts as to detail" of Campaign GM's demand that General Motors disclose information on "matters of public concern."
The national Commission on Obscenity and Pornography recommended-for a variety of reasons-the repeal of dozens of anti-obscenity laws. Judging by the violent reactions that the report provoked, its recommendations are not likely to be widely adopted; on the contrary, signs of a new restrictive mood toward pornography...
"When the University is already a stockholder, it need not remain passive in the face of substantial evidence thatthe company is acting in an antisocial way. That is to say, once the University has taken a particular corporate plunge, choice in a sense becomes inescapable; for it is a truism...
The Committee acknowledged that ordinarily "abstention in a proxy contest is a vote for management." For that reason, "the University should vote its stock on occasion in favor of change for the symbolic effect of a great university's taking a position on a social problem."