Word: acsr
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Composed of students, alumni and faculty, the ACSR makes non-binding recommendations to the Corporation on ethical issues it may face in handling Harvard's $2 billion endowment. The ACSR meets with members of the Corporation twice a year to discuss various issues concerning its recommendations...
...find it so outrageous that Harvard is not using at least the Sullivan principles as a screen" for deciding whether to invest in South African-related companies, said Frederick T. Smith, a Law School student member of the ACSR...
Thomas Mackall, Divinity School student member of the ACSR, agreed with Smith, saying, "I am rather surprised that the Corporation would be willing to take a positive act and buy stock is companies that do not adhere to the Sullivan principles...
Even the chairman of the ACSR, Walther Salmon, Roth Professor of Retailing at the Business School and considered a conservative on shareholder topics, was reported to be disturbed at the Corporation's stance on the Sullivan principles Salmon was not available for comment...
...other action, the Corporation and the advisory committee were said to disagree on what Harvard policy should be on investing in the Philip Morris Co., which had come under heavy criticism by the ACSR for its extensive production of tobacco related products...