Word: acsr
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...President is record on minority appointments of the ACSR, however, is lamentable. Several Black students have been elected to position on the Committee, but to the best of my knowledge, only one Black faculty or alumni appointment has been made in the 13-year history of the ACSR. This person was a professor at the School of Dentistry who served...
...absence of minority appointee, is particularly distressing when one considers the fact that the major task of the ACSR has been to make recommendations of South Africa investment policy and that racial and ethnic minority groups, and Blacks in particular, feel that they have a greater interest and stake in the South Africa issue than do most whites...
...contrast to the lack of minorities on the ACSR, President Bok has appointed an unusual number of people with financial backgrounds to this year's ACSR. Combined with a carryover appointment from last year, these selections give this year's Committee a distinctly financial character...
Last year, the manager of Northeast Investors Trust, who continues to serve as an alumni on this year's Committee, was one of the ACSR's most conservative members. This year, President Bok had four appointments to make, not counting the students representatives. Of the four, President Bok appointed three men with financial backgrounds. His sole alumni selection is another financial manager, the vice-president for investments of the Boston-based investment counseling firm, Scudder, Stevens & Clark. Two of the three faculty appointees are financial specialists...
Given the dilemma in which Scudder may have found itself following the Michigan State directive, we can see how President Bok may not receive the full range of advice regarding the financial attractiveness of the various options on divestiture from this year's ACSR, at least as far as the alumni financial experts are concerned. However, President Bok should know that there are Harvard alumni ae with strong backgrounds in finance who believe firmly that divestiture would not have to harm the University portfolio's standing...