Word: citicorps
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Furthermore, Harvard has made progress in the last year--not enough, but still something that we should encourage. The University sold $51 million in Citicorp notes and securities--reportedly at a loss--because of Citicorp's loan to the South African government. This spring, Harvard joined only a few IBM stockholders in voting not to sell, lease or service computers to the South African government except for humanitarian purposes...
...other business, the trustees ratified a proposal to create an academic program in women's studies and reaffirmed the university's refusal to divest its holding in Citicorp...
...Citicorp vice-president Robert L. Brannon said yesterday the $250 million loan that prompted Harvard to sell its notes was to be used to build schools, housing projects, and hospitals for South African Blacks. The loan will be strictly monitored to ensure that it is used for the intended projects, he added...
PRINCETON, N.J.--Princeton students last week protested Princeton's refusal to divest its Citicorp stocks, and vowed to continue daily marches on campus until the end of the semester...
Chanting slogans like "no more loans for guns and tanks, total divestment begins with the banks," members of the People's Front for the Liberation of Southern Africa protested the university's refusal to sell the three million dollars worth of stocks in Citicorp, which makes loans to the South African apartheid government...