Word: acsr
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...ACSR report does not end Harvard’s complicity in apartheid, nor does it aid in bringing about the destruction of apartheid,” Daniel Rabinovitz ’78, a member of the SASC, said at the time...
Rabinovitz also alleged that Harvard’s refusal to divest was financially motivated and the fact that ACSR did not take stronger action against apartheid “should surprise no one since the number one priority of this University is profits...
...ACSR later concluded that divestiture of Harvard’s holdings in all companies operating in South Africa would immediately cost the University between $5.7 and $16.5 million and between $5 million and $10 million annually. But University administrators denied that financial concerns played a role in their decision...
...Like the ACSR, the Corporation decided to advocate a case-by-case analysis of “Harvard companies” operating under the apartheid system to decide which ones it believed should stay and which it felt it should ask to leave the nation...
...unlike the ACSR, the Corporation did not advocate the immediate sale of all stocks and bonds of banks that were lending money to the South African government. Instead, the Corporation decided to discuss with those banks the moral issues involved in loaning money to the segregationist government before deciding whether to divest...