Word: caterpillar
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...ACSR chose to energize the legalistic and noncommittal jargon of the Corporation's case-by-case review policy by chiding companies that fail to operate in the interests of South African Blacks. Marking this new commitment, it changed a decision of a year ago and supported a resolution requiring Caterpillar Tractor to investigate the transfer of machinery from the private to the military sectors in South Africa. The Corporation, noting the sudden change of the ACSR, abstained on the resolution and said it would not reconsider the vote until the ACSR accounted for its new conviction. Detlev F. Vagts...
...protesters gathered in front of the Corporation building in April to protest the Corporation's decision to abstain on two resolutions which the ACSR had supported--one that would prohibit IBM from selling computers to the South African government and another that would set up a committee to review Caterpillar Tractor sales to the South African military...
...battle surged. Would-be occupiers tramped through marshes on the sourth side of the plant and sidestepped family gardens on the western edge, while blockaders piled up trees and parts of old cars in front of the North and South Gates on Route One. But the members of the Caterpillar and New Wave clusters sat all day in rows 15 yards apart down a quarter mile of road and waited, unsure of quite what they were waiting...
...resolutions supported by the Advisory Committee on Shareholder Responsibility (ACSR) included setting up a review committee to forbid Caterpillar Tractor from selling its products to South African military police--a resolution ACSR turned down last year. The Corporation Committee on Shareholder Responsibility (CCSR), which lets ACSR do its research for it, abstained on the resolution because it said the situation in South Africa had not changed enough in the past year to warrant a new policy...
...letter also observed that the ACSR had rejected the same resolution on Caterpillar Tractor last year, and until the CCSR had further information on their changed position, the CCSR would register a no comment...