Word: acsr
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Student projects--the Endowment for Divestiture and the week-long fast by a dozen undergraduates--had little impact on the ACSR's discussions. Some members laughed off the hunger strikers as fanatics or brats--one member ignorantly suggested that the hunger strikers were probably all women interested in losing weight. But if they had little effect on the outcome of Committee deliberations, the fasters at least heightened most of the members' awareness of the gravity of the issue being discussed...
...external event that probably had a noticeable effect on the Committee was the Open Meeting held near the end of April. Before an audience of 150 the ACSR heard 16 speakers describe in excruciating images and cold statistics the horrors of apartheid and call for an end to Harvard's involvement in South Africa. When a Black South African lawyer, who could face criminal prosecution leading to a death sentence when he returns to South Africa in the fall, finished a moving appeal for total divestment more than half the Committee joined the audience in a standing ovation...
...middle of May the ACSR found itself repeating the same arguments and counter-argu- ments, with no one giving any ground. The Committee decided to send the CCSR a statement containing several recommendations concerning the South African issue, reflecting the diversity of views on the Committee...
...third recommendation, supported by half the Committee, was for total divestiture. Although the recommendation failed to garner the support of a majority of the ACSR, the fact that it had been voted on--this was the first time that the ACSR had considered such a motion--and that it received the support of alumni and Faculty members as well as students was in itself very significant...
...CCSR's response to the ACSR's recommendations proved to be a bitter disappointment to myself and the other student members on the Committee. The CCSR refused to commit itself to the exclusive use of the Sullivan Principles--or any other fixed or explicit set of principles--as the standard to rate corporate behavior. It acknowledged that indefinitely long dialogue with companies was "not a satisfactory course of action." Yet it avoided establishing any definite deadlines on such dialogue. In response to the ACSR's most minimal recommendation--for the use of ethical criteria in investment decisions--the CCSR indicated...