Word: acsr
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...March the ACSR released a report saying that it would only make recommendations to Harvard on a case by case basis, although it urged a ban on investments in offending banks. This left students dissatisfied. A month later, the Corporation reacted to the ACSR's report with a report...
...response the Corporation agreed to review investments on a case-by-case basis, but refused to accept the ACSR's suggestion that it divest from banks lending money directly to the apartheid regime...
...protest quieted down until 1982, when the University attempted to retreat on the 1978 commitment. The University asked the ACSR to approve an end to the ban on investment in banks lending money to South Africa SASC reactivated itself, and packed an open meeting of the ACSR with 300 students. One after another, students--including representatives from the Conservative Club rose to urge the ACSR not to change its stand. The ACSR stuck to its original position and urged the Corporation to maintain the ban The Corporation...
Emboldened by their success, student activists asked for another open meeting of the ACSR this spring, at which they asked it to recommend to the Corporation to sell the stock of any companies in its portfolio with ties to South Africa. Their pleas apparently had some impact on the advisory body. For the first time ever, the ACSR voted on a resolution recommending complete divestiture, and narrowly defeated it by a vote of 6 to 5, with one abstention. The abstaining member then changed his vote, bringing it to an even 6 to 6 split. The resolution did not pass...
...students--one for every 10 that demonstrated in 1978--rallied in support of those on the committee who had voted in favor of the resolution. To many activists, it seemed that it was only a matter of time before the ACSR passed a divestiture resolution...