Word: acsr
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...years, the Corporation has denied any effective student participation in its decision-making hierarchy. The only official access point for student opinion is the powerless ACSR, where a single undergraduate sits on a committee dominated by Harvard-appointed faculty and alumni. On the few occasions, when students engineer a majority on the ACSR--as they did in recommending divestiture from Carnation last year, the Corporation routinely ignores the ACSR vote. This year, 82.4 percent of the undergraduates voted for immediate divestiture from Carnation: the corporation did not bother to respond. For six years, students have been marching, signing petitions, attending...
...Corporation quietly moved to rescind its ban on investing in banks loaning directly to the South African government, in an explicit violation of one of Bok's promises of 1978. It took several student marches, and an angry open meeting with the Advisory Committee on Shareholder Responsibility (ACSR), to force the Corporation to back down. The core of Bok's 1978 defense lay in the "Sullivan Principles" for corporate behavior in South Africa. Bok pointed to this set of token reforms, like integrated washrooms, as evidence that corporations can play a progressive role in South Africa. Five years later...
...Committee on Shareholder Responsibility (ACSR) would do well to consider Father Rewak's message and recommend that Harvard no longer participate in this insanity. Paul Ranalow Graduate School of Education
...annual deaths in the U.S. linked to smoking to do not warrant shareholder steps like divestiture. The question becomes much less fuzzy, however, when we look beyond our own borders to the rapacious marketing practices of tobacco companies in foreign countries, especially the Third World. The ACSR recommendations addresses this concern only briefly, but details of these practices reveal the truly exploitative intentions of films like Philip Morris and provide a moving case for Harvard to divest in tobacco stock...
...VALIANT EFFORTS of international organizations like the World Health Organization, the tobacco firms seem unlikely to start policing their own operation. For every dollar spent trying to educate Third World smokers about the health consequences of their habit, the tobacco companies spend $10 to $20 on advertising. The ACSR labeled Philip Morris' response to a shareholder resolution last year concerning the company's activities in the Third World "callous and misleading." And the governments of victimized Third World nations also offer little hope for a solution--many have yet to recognize the health hazards that await, and where smoking-related...