Word: acsr
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...light of these views, the ACSR has recommended varying responses to the Harvard Corporation in regard to six South Africa-related proxy issues this year. Ratner has reported on two of these, Manufacturers Hanover Bank and General Electric. On Manufacturers, the ACSR faced the South African question for the first time over the issue of further loans to the South African government. Other than agreeing that we felt Manufacturers should establish a policy of assessing the likely social impact of each loan to the government, the ACSR could not agree on how to recommend to Harvard to vote its proxy...
With regard to G.E., the ACSR mustered a very slim majority in favor of a total South African withdrawal resolution. G.E., among other things, had a less than perfect employment record in South Africa, and this was a key factor. The Harvard Corporation, however, was unsure of the merits of the proxy proposal and, breaking only slightly with the ACSR, again took the middle ground of abstention on the issue...
...vote Ratner fails to point out, however, is the ACSR and the Harvard Corporation's favorable vote on a proxy issue at Union Carbide. This proxy would have required Union Carbide to stop all further expansion in South Africa if passed by a majority of Union Carbide shareholders...
...pleased with the results of Harvard's proxy votes or with Harvard's continued ownership of stock in companies that do business in South Africa. The resolution of these issues, however, need not be accomplished through protest rallies and Mass. Hall takeovers, as Ratner implies. The ACSR was set up in 1972 for the very purpose of bringing student, faculty, and alumni views into the management of Harvard's portfolio. If students in recent years have failed to use the ACSR effectively, they have none but themselves to blame...
Accordingly, I urge all students dissatisfied or merely curious about Harvard's investment policies to seek me out or present a petition to the ACSR. As your undergraduate representative on the committee, it is I who am delegated with the authority to speak on your behalf. If you would but use this authority, takeovers and protest marches, such as those at Hampshire and Stanford, would become totally unnecessary. Carlton M. Smith...