Word: controls
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Dates: during 1970-1979
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...ineffective in achieving its ends and costly to the University. But acts of conscience have never promised success without a price. No one would contend that by selling its South African holdings, Harvard alone could end apartheid or force corporate withdrawal from South Africa--the University simply does not control a large enough share of the stock of any single corporation. Nor would anyone pretend that a Harvard boycott of the Nestle Corporation would force Nestle to stop selling its deadly products to mothers in the Third World. It is not Harvard's moral obligation to end apartheid or save...
Radcliffe's desire to regain financial control was a major reason it insisted on the 1977 agreement. Lyman explains, "When you fold your corporation into another corporation, it's over--you eliminate any power you have. And Harvard had other uses for our money." Harvard may not, for example, feel the same urgency about maintaining Radcliffe's Bunting Institute or its Data Resource center, both of which provide opportunities for women's studies research...
Apparently, the work is at its grittiest now. For Radcliffe, financial independence means the freedom to develop some of the programs which suffered from 1971 to 1977, years Harvard had control of the purse strings. But financial freedom entails responsibility, too, and the Board is now saddled with the obligation of raising its own funds for endowment and capital improvement...
...that a university has an obligation to maintain. It might scare off professors who feel the University is trying to advocate a certain view--a view that may be contradictory to their own beliefs, Bok said. He also warned that Harvard should not officially exercise its consumer leverage to control corporate policy unless it is willing to let corporations retaliate...
...these frustrations are being exploited by Marxists. Leftist groups of various sorts are well organized in the oilfields, in the Abadan refinery and even among the well-paid, rather pampered workers at the port of Kharg Island, whose highly sophisticated pipeline network and oil flow control mechanism make it the most vulnerable element in the Iranian oil system...