Word: acsr
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Dates: during 1980-1989
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...Advisory Committee on Shareholder Responsibility (ACSR) voted last night to support a resolution asking the Atlantic Richfield Company (ARCO) not to expand its investments in Chile until the Pinochet regime there restores complete civil and political rights...
Three weeks ago the Corporation voted to abstain on an ACSR-recommended shareholder resolution requiring the Caterpillar Tractor Corporation to review its South Africa operations...
...ACSR had rejected exactly the same resolution last year, Vagts said, and the Corporation noted this discrepancy in its decision. But Vagts added, "We're determined to escalate the pressures on South Africa...
Michael L. Waldman '82, a member of the ACSR, said yesterday he was "disappointed" with the Caterpillar abstention, adding that the Corporation "should definitely go farther in being an activist shareholder...
Waldman said the ACSR will present a lengthy report in the fall on Harvard's policy towards South Africa. He added that "It'll be a tragedy if at that time they don't go along with our more activist position...