Word: acsr
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...several of the people inside the machine will be different. Although the machine has two bodies, it has only one head--a four-man subcommittee of the Harvard Corporation which makes the final decisions, whatever the recommendations of its advisory component, the 15-member Advisory Committee on Shareholder Responsibility (ACSR). There is only one change on the subcommittee: George Putnam '49, the University's new treasurer, has replaced George F. Bennett '33, the University's old treasurer. The other members are Fellows of Harvard College who share both treasurers' close ties to the corporate world they are supervising...
...very existence of the ACSR and the subcommittee testifies to the difference between the Bok and Pusey Administrations. When students seized University Hall in 1969, President Pusey called the police. When black students seized Massachusetts Hall in 1972, demanding that Harvard sell its Gulf Oil stock to protest the company's payments for African drilling rights to Portugal, then as now bloodily suppressing several African revolutions, the Administration quietly moved to Holyoke Center, and after a week the students left peacefully. The next Fall, Bok set up his new system--to weigh issues more carefully than he could...
ALTHOUGH the subcommittee's power on shareholder questions is theoretically absolute, last year it never moved more than one notch from the ACSR's recommendations--abstaining on some resolutions the ACSR supported, and opposing some resolutions on which the ACSR urged abstention. About half the ACSR's members will be back this year, Farber said, with replacements for the other half chosen by methods used last year. Last year's academic members were selected by recommendations to Bok. The five faculty and three graduate student members were picked by the deans of their schools, and the five alumni were suggested...
Both undergraduate members of last year's ACSR were seniors, so both undergraduate positions on the committee are open. The Student Advisory Committee on Shareholder Responsibility, a group picked in House elections last Fall, will decide how the new undergraduate members will be chosen. Joel W. Motley '74, the chairman of the group, said last week that the committee will decide when it reconvenes...
Unless the CRR and the Commission of Inquiry which are charged with protecting the rights of students and Faculty give equal responsibility for decision-making to both parties and define their roles clearly, they will be ineffective. Until the ACSR has an unobstructed voice on the full range of political issues surrounding responsible investment, it cannot function effectively as the moral voice of the University. The Bok Administration must take steps next year toward these reforms if it is ever to begin to secure the full confidence of students in Harvard's fairness and good faith...