Word: acsr
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Dates: during 1970-1979
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Harvard abstained from voting its $14 million in Mobil Oil stock yesterday on a shareholder resolution to require Mobil's affiliates abroad--particularly in South Africa--to begin programs to establish equal employment opportunities. The Advisory Committee on Shareholder Responsibility (ACSR) had urged Tuesday that Harvard support the resolution...
...Corporation's subcommittee on shareholder responsibility also abstained on an ACSR-backed resolution calling for reports on conditions in the Continental Oil Company's mines. It voted Harvard's $76 million in IBM stock against ACSR-endorsed resolutions calling for shareholder nominations of IBM directors and for information on IBM's South African operations...
Harvard voted its $6 million in Con Oil stock for a resolution to have the company stop searching for oil off the coast of Namibia, and against a resolution to have the company set up an energy policy committee, as the ACSR recommended...
Hugh Calkins '45, chairman of the Corporation subcommittee, said yesterday that the subcommittee's disagreements with the ACSR had no special significance. The subcommittee's failure to follow the ACSR's advice follows its abstention last week on two ACSR-endorsed resolutions that called for information on two companies' political gifts...
...Harvard Corporation followed the ACSR's lead and also voted against Phillip's management...