Word: africas
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Dates: during 1980-1989
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...ACSR was created in 1972 to advise theCorporation's committee on issues associated withethical investing, but has no formaldecision-making power. Since 1985, Harvard'spolicy of "selective divestment" from companiesthat do business in South Africa has remained thesame, although the University's total holdings inSouth Africa have declined about 30 percent in thelast year as a result of companies deciding ontheir own to divest...
Many activists had raised concerns over Mobil'sdivestment procedure because the company chose notto negotiate with the chemical workers'union--which represents about 1200 of the oilcompany's 1500 Black employees in South Africa...
Recent events nationwide have heightened theurgency of the South Africa question, according tomany associated with the University's investmentoperations. Just last week Mobil OilCorporation--which has already divested but stillretains strong economic ties throughsubsidiaries--announced that it intended to sellits remaining franchises in South Africa...
...fact, the chemical workers' union and othersaccuse Mobil of misrepresenting its divestmentfrom South Africa. They charge that the companymay have sold its plants though it retainedlicensing agreements and allowed the new owner touse the Mobil logo...
...those charges against Mobil in many waysrepresent the substance of the new debate aboutwhat--if any--economic ties should be maintainedby companies that have formally divested fromSouth Africa...