Word: acsr
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Dates: during 1980-1989
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...this University not to sell their stock in companies operating in South Africa....Since that time, little has happened at Harvard. But in South Africa, conditions have changed--from horrible to even worse....The original demands of the 1978 protesters are the demands that count. Boycotting the ACSR should be the only step in a return to the confrontational public protest of years past...In the embarrassing glare, this university and others might be forced to take the only step that means anything--total and immediate divestiture...
...ACSR was created in 1972 to advise theCorporation's committee on issues associated withethical investing, but has no formaldecision-making power. Since 1985, Harvard'spolicy of "selective divestment" from companiesthat do business in South Africa has remained thesame, although the University's total holdings inSouth Africa have declined about 30 percent in thelast year as a result of companies deciding ontheir own to divest...
Within the ACSR, Liebman says there are twofactions. "One side views all relationships withSouth Africa as bad," he says, while the othersees the apartheid nation as an "evolvingcountry...
...Here's a company [Mobil] that's doingsome-thing really bad," says Ronald A. Goodman'60, an alumni member of the ACSR. Companies suchas Mobil force the University to ask, "'ShouldHarvard stay with a company to put pressure on itor should Harvard get out?'" according to Goodman...
...ACSR, Liebman says, the two sides are"very close to even." But the two-member CCSR"votes together" to maintain the University'spolicy of selective divestment over the completesale of stock from South Africa-related companies...