Word: acsr
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Dates: during 1970-1979
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ALTHOUGH THE Advisory Committee on Shareholder Responsibility (ACSR) should be commended for its recent statement opposing the Arab nations' economic boycott of Israel, the ACSR's recommendation that Harvard abstain from voting on shareholder resolutions aimed against the Arab boycotts betrays a misplaced faith in the actions of the federal government...
...committee released a statement yesterday saying that although the ACSR views the boycott as "a repugnant effort to foreclose private American trade with a friendly nation," it has concluded that the disclosure resolutions are not "an appropriate method of dealing with the matter at this time...
Donald F. Turner, professor of Law and chairman of the ACSR, said yesterday the committee feels governmental action against the Arab boycott would be more appropriate than any action taken at shareholders' meetings...
Turner said yesterday the ACSR may reconsider its position against the disclosure resolutions if the government does not take action against the Arab boycott...
Charles H. Resnick '48, a Raytheon vice president and an alumni representative on the ACSR, abstained from the ACSR vote on the disclosure resolutions because of his affiliation with Raytheon and Harvard's ownership of Raytheon stock...