Word: acsr
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...ACSR chairman Stanley S. Surrey, Smith Professor of Law, said last night that the new Portuguese government's policy toward Guinea-Bissau is "one of the imponderables people are speculating on all over the world...
...ACSR reported that it abstained on the resolution because last week's Portuguese military coup changes "the context in which the resolution was originally proposed...
Officials of the Arkansas Community Organization for Reform Now, the group that asked Harvard six months ago to help fight the plant, were understandably happy with the ACSR statement; they had, after all, gotten the ACSR to recommend for the first time intervention by Harvard on a shareholder issue that did not involve a proxy resolution. However, the ACSR recommendations may be too little, too late to have any real effect...
...ACSR unfortunately treated its complaints about AP&L's environmental policy as a private dispute between itself and the utility instead of the public issue it really is. In insisting that Harvard intervene in the matter only as a shareholder, not as a university, the ACSR implied a separation between Harvard and the holdings that finance it that does not exist. By making the shareholder-university distinction, the ACSR apparently ruled out the idea of Harvard's intervening in the licensing procedures for the plant. So the ACSR's recommendations, if implemented, probably won't do much good: Harvard will...
When the Corporation Subcommittee on Shareholder Responsibility considers the ACSR's recommendations this month, it should go along with the spirit of the ACSR statement but should change its tactics. It is too late for Harvard to undertake a full-scale study of the plant, but the University can still provide a countervailing force to AP&L by sending down one or two of the professors who have been studying the plant for the ACSR to testify. Even if it doesn't send professors, the Corporation subcommittee should communicate Harvard's stand not only to AP&L, but also...