Word: acsr
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...Advisory Committee on Shareholder Responsibility (ACSR) seriously considering recommending that Harvard sell its stock in the Phillip Morris Company committee members said last night...
Last spring the University had to consider a shareholder resolution asking the company to set up a special review committee to investigate the company's activities in overseas markets. While the ACSR and the Corporation abstained on the resolution, committee members were angered by the firm's adamant contention that "no conclusive clinical or medical proof of any cause and effect relationship between cigarette smoking and disease has been discovered...
...irresponsibility of the management's response to the resolution which spurred the ACSR to reconsider the appropriateness of investing in Phillip Morris," under-graduate representative Jonathan G. Cederhaam `83 said...
...ACSR members wanted to make sure the Corporation did not dismiss the committee's arguments as poorly reasoned, he said. "What they're trying to do is take a position from which the Corporation can't took down." he said...
Despite the input of the open meeting the ACSR did not give the subcommittee any specific guideline Corey said...