Word: acsr
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...Corporation stand alone in their hypocrisy, that the expressed will of the Harvard community is to reject sharing in the profits gained from the misery and exploitation of their people. We want the leaders of Black South Africa to know that just as we have won with the ACSR we are winning with the Corporation. Harvard must and will divest. It is only a matter of time...
Look at President Bok's "open letter" on the issue. His arguments, the same arguments he has used for 10 years, are stale, unconvincing and thoroughly contradictory. He does not even take into account or attempt to address the points made in the ACSR report, or by the numerous members of the community who have expressed their reasons for advocating divestment. He ignores the fact that municipalities such as Cambridge. Boston and New York, states such as Massachusetts, and other institutions such as University of Michigan have declared that divestment is not only a prudent but an ethically necessary course...
...supposing Harvard does, miraculously, follow the advice of the Advisory Committee on Shareholder Responsibility (ACSR) and divests. Would such an act change anything in South Africa? Did the gestures made by municipalities like Cambridge and Boston or by the University of Michigan change anything in South Africa? No, In fact, those who support divestment, if pressed, admit that Harvard, acting alone, cannot change anything in South Africa...
...liberal divestment schemers have contrived a scenario in which Harvard is key. It goes something like this: the ACSR advises the Corporation to divest: the Corporation, feeling morally compelled to wash its hands of apartheid blood, does so; other universities, recognizing Harvard's supreme importance in the grand scheme of capitalism, follow suit, as do several state and local government; then, of course, the U.S. itself divests; the businesses in South Africa crumble, breaking the chains binding South African workers, and apartheid is buried in the flames of revolution...
...Advisory Committee on Shareholder Responsibility (ACSR) submitted a report on the subject of Harvard's investments in American Corporations doing business in South Africa. The Harvard Corporation's Committee on Shareholder reply to the ACSR report, agreeing with some of its proposals and disagreeing with other. I will not repeal all that is said in that reply. But I will express some thoughts of my own on the subjects of divestment, since it represents the point of greatest disagreement in this community concerning the response of the University to the injustices of apartheid...