Word: acsr
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Dates: during 1970-1979
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...MOST recent report to the Harvard Corporation, the Advisory Committee on Shareholder Responsibility (ACSR) recommended that the University continue its role as the pen pal of corporate managers, writing "forcefully worded" letters to persuade reluctant corporations to confess their sins and reform...
Johnson said, however, that if legal action is necessary to force the ACSR to uphold its policy, the lawsuit would probably receive great support from the MIT community...
...ACSR has been wrestling with the problem of apartheid for nearly two years now and we are, it is true, only now getting to the point of knowing what to ask of the firms. Let us remember that our own Civil Rights Act of 1964 was preceded by years of intensive study on the part of the Civil Rights Commission and various congressional committees. Each of these bodies had far greater resources than we do and faced a problem that was simpler, if only by virtue of the fact that federal legislation can override law and behavior but Harvard...
...Harvard has not adopted a policy of immediate and blanket withdrawal, divestiture, excuse me. Indeed, many think that's probably unwise. I think what unites people is the concern that the direction of Harvard policy is pointed the wrong way. This I think is illustrated very clearly in the ACSR reports of last March and this January. I think what we're looking for is a more aggressive, forward posture on behalf of the University, toward this issue, one that makes it clear to the corporations that the burden of proof rests on them to show their activities actively promote...
...matter who controls the stamp, the near perfect record of the ACSR seems to make the Corporation's decisions on the final proxies May 7 entirely predictable...