Word: acsr
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...governing Corporation considered a series of shareholder resolutions asking companies in the University's $1.7 billion portfolio to limit their work related to nuclear weapons. In the past, the Corporation had voted against similar resolutions, following the recommendations of the student-faculty-alumni Advisory Committee on Shareholder Responsibility (ACSR). Both groups argued that nuclear arms policy was the province of the government, not the private investor. But this year, the ACSR recommended approval of several of the largely symbolic anti-nuclear arms production resolutions. The Corporation went half the distance, abstaining on strong messages to three major companies...
...several years, a new question may this year get more attention: investment in companies producing nuclear weapons. Harvard holds stock in several companies involved at least indirectly in the production of nuclear arms, including General Electric and Dupont. In the fall, the University Advisory Committee on Shareholder Responsibility (ACSR) will vote on whether to endorse divestment from such companies...
...ACSR as a 12-member board created of students, faculty and alumni created in 1972 to give the Corporation non-binding advice on ethical questions surrounding the investment of Harvard's money. The University portfolio is currently valued at $4.7 billion, and it accounts fo 18 percent of the University's annual income...
...governing Corporation considered a series of shareholder resolutions asking companies in the University's $1.7 billion portfolio to limit their work related to nuclear weapons. In the past, the Corporation had voted against similar resolutions, following the recommendations of the student-faculty-alumni Advisory Committee on Shareholder Responsibility (ACSR). Both groups argued that nuclear arms policy was the province of the government, not the private investor. But this year, the ACSR recommended approval of several of the largely symbolic anti-nuclear arms production resolutions. The Corporation went half the distance, abstaining on strong messages to three major companies...
...square that drew over 1000 students and constituted the largest demonstration since the anti-Vietnam movement days. Some heat remains in his tone now when he discusses the student-faculty committee that advises the corporation on its investments: "I don't know how anybody can sit on the ACSR without a certain sense of shame because they are so clearly being used--unless they went on specifically to change the committee...