Word: caterpillar
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...committee didn't think much of the specifics of a shareholder resolution asking the Caterpillar Tractor Company to send all its shareholders detailed information on its South African operations, Hugh Calkins '45, Corporation Fellow and the committee's chairman, explained in a letter to Caterpillar's board chairman...
...felt strongly enough about the principle of support for "reasonable" disclosure resolutions--formulated last year when Harvard voted for a couple of shareholder proposals over the objections of Ford and G.M. managements--to vote its $10 million worth of Caterpillar stock for disclosure anyway...
...Caterpillar resolution--like all previous shareholder resolutions sponsored by activist groups against management's wishes--failed by a substantial margin. But a resolution's significance is not necessarily apparent from the statistical support it musters. For example, American companies are often quite upset at allegations--especially from prestigious institutions like Harvard--that their taxes, "charities" and sales help support South African apartheid...
Hugh Calkins '45, the chairman of the Corporation committee, wrote to Caterpillar's board chairman Monday to tell him Harvard's decision...
...requested disclosures concern Caterpillar's support--through taxes, charities and sales--of the South African government, the company's treatment of its nonwhite workers, and its plans for investment in the Bantustans, the largely undeveloped areas where South Africa says it will permit African self-rule...