Word: acsr
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Dates: during 1980-1989
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SPRING IN Harvard Yard is unmistakable: trees begin to blossom, students spill out of the libraries to lounge in the sun, and a handful of pro-divestiture activists mount their yearly vigil outside the Faculty Club, inside which the Advisory Committee on Shareholder Responsibility (ACSR) weighs the ethics of Harvard's investments...
Because of inaccurate is formation given to The Crimson the March 20 story "ACSR a Center of Fight Over S. Africa Investments" understated how much of Radcliffe College $61 million endowment is invested in companies doing business in South Africa, According to Radcliffe Treasurer Louis R. Morrell, approximately $5.6 million is invested in such companies. Also, Radcliffe's stock in five companies which have not signed the Sullivan Principles has a market value of $1.425 million...
...Gulf at the time had operations in the then-Portuguese colony Angola, and students said Harvard's investments constituted direct support for colonization of Africans because Gulf paid taxes to the white Angola, regime. In response to that and other protests, Bok formed the Advisory Committee on Shareholder Responsibility (ACSR), a 12-member body composed in equal parts of students, faculty and alumni, to give Harvard non-binding recommendations on ethical issues...
...have as we for ACSR imports," says Silvers, noting that body's 6-5-1 vote last spring in favor of complete divestment. That marked the first time a plutality of ACSR members had over come out in favor of divestment which organizers called a major victory for the cause...
SASC rally coordinator Evas O. Grossman '87 says that the movement wasn't able to develop as bread a beer as broad during the scenes" effects. "On the one hand, we suceeded in getting the ACSR to recommend complete divestment. On the other hand, fewer students were made aware of the goals and principles behind calling for total divestment. This year, while we will plan to put large amount for pressure on the University through the Endowment for Divestiture, we also feel it's very important to educate students as to why we feel Harvard should divest...