Word: acsr
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
That is, until last Tuesday, when Kenneth J. Arrow, Conant University Professor, released a letter stating that the ACSR had overestimated both the short-and long-term costs of divesting of all stocks in companies having a minority of their operations in South Africa (MOSAs...
...report, the ACSR concluded Harvard could lose 1.5 to 5 per cent of the value of the stocks it was selling just because of the impact the sales would have on the market. It estimated the potential losses at between $4.7 and $15.7 million...
...Arrow said the negative response of the market would not be so great as the ACSR predicted. "Since Harvard is only a very small part of the market, it is extremely unlikely that if the University sells its stock over a long period of time there would be an effect on the price of stock," he said yesterday...
...ACSR also concluded that Harvard's portfolio management practices result in a return that is 2 per cent higher than the average return on common stocks. Because 46 per cent of Harvard's stocks are in MOSA companies, exclusion of those corporations as possible investments would lead to an annual 46-per-cent reduction in the increased dividends, the committee stated. That, in addition to an expected drop in donations of securities, would result in estimated losses of $4.8 to 9.8 million annually...
...want to assure the Faculty, and the members of the Harvard community, that both the ACSR and the Corporation will respond on a timely basis to all the relevant shareholder resolutions, and in so responding we will use whatever information, wisdom and judgement that we have available to us at that time. We will also respond to questions from the undergraduate Harvard shareholder responsibility group concerning our procedures, as time permits...