Word: acsr
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Dates: during 1970-1979
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...rate, the student-faculty-alumni Advisory Committee on Shareholder Responsibility (ACSR) called last week for support of the Phillips resolution...
...ACSR came down hard last week against the first of a second class of shareholder resolutions, one calling on G.E. to stop influencing politics in this country. "Most of the ways of influencing were illegal anyway," Martin J. Auerbach '73, an undergraduate member of the committee, explained, "and we didn't have any evidence that G.E. was using them...
...theoretically possible that the jobs Caterpillar Tractor provides black Africans outweigh the harm done by supporting South Africa's present government through taxes and "charities." But the company's refusal to provide information necessary to evaluate its beneficence suggests that this is probably not the case, and the ACSR and Corporation were quite properly skeptical...
...Corporation's next chance to endorse the ACSR's skepticism comes next week, when it votes its Phillips Petroleum shares for or against an ACSR-endorsed resolution to force the company's withdrawal from Namibia, the southwest African territory that South Africa rules illegally and with the same rigid apartheid the government imposes at home. Until the Corporation follows the ACSR's lead on this and other matters, we will remain skeptical; but the Caterpilllar Tractor vote is at least a step in the right direction...
...full ACSR took substantially the same position Thursday; though its vote was formally on only the Phillips case, it will probably apply to Con Oil as well. The ACSR also voted to support a shareholder resolution to have General Electric disclose details of its South African operations, but it opposed a few other resolutions aimed at G.E., the most important of which asked the company to report to its shareholders on its involvement in the military's war with Southeast Asia...