Word: acsr
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Dates: during 1980-1989
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Members of the Advisory Committee on Shareholder Responsibility (ACSR) listened quietly Tuesday night while several individuals and members of eight student groups tried to persuade the ACSR to follow their advice in making recommendations to the Corporation on shareholder resolutions...
Before Tuesday's open meeting, however, the ACSR met in a closed session to vote on its regular agenda items. The committee failed to establish a majority on a proposal that would require the General Electric Company to make a detailed "human and environmental impact report" on a nuclear weapons production plant it runs in Florida under contract to the Department of Energy. ACSR members voted two for and two against, with three abstentions on the proposal...
Gordon D. Kaufman, Mallinckrodt Jr. Professor of Divinity and an ACSR member, said Thursday that he does not believe the ACSR will reconsider the nuclear issue as a result of the open meeting. "I didn't hear anything new on the subject Tuesday night," he added...
Meanwhile, the ACSR wallows in a mound of bureaucracy that threatens to swamp it because the committee is obliged by the Corporation's cowardly policy to consider resolutions on an ad hoc basis...
...ACSR has very little real power. Corporation response to ACSR recommendations--often formed with the best of intentions--has historically been pitiful. But the ACSR has officially invited all who are interested to knock on its door tonight and make their opinions known. The offer is no more than a morsel, and, if we expect the beliefs of the student body ever to reach the Corporation and have an effect on its policy decisions, a morsel, no matter how tasty, will not do the trick. Nevertheless, experience shows that if the Corporation responds at all on the investment question...