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Harvard never divested from Gulf. But in May of that year, Harvard cast its first proxy votes against the management of a company in its portfolio. Much to the dismay of Bennet, the Corporation voted to back proposals asking both GM and Ford to disclose information about their business practices. And in the fall, Bok created the Advisory Committee on Shareholder Responsibility (ACSR) and the Corporation Committee on Shareholder Responsibility (CCSR), which have guided the the University's ethical investment policy ever since...

Author: By Michael J. Abramowitz, | Title: The Ethics of Investment | 5/7/1982 | See Source »

Editors Richard Lowitt and Maureen Beasley, too, begin their book on Lorena Hickok with such an epigram of economic dismay. In the words of Franklin D. Roosevelt...

Author: By Siddhartha Mazumdar, | Title: Tales of Distress | 4/28/1982 | See Source »

When the mystery of the anonymous official was resolved, a spokesman said that Reagan's remarks were "in jest" and that he agreed with Haig's view. But Haig, by then, was restating his position in response to right-whig dismay over the possibility of involving the Soviets in a Central American settlement. His clarification: "Salvador is at once a global, a regional and a local problem. That does not mean, nor did it ever mean, that the Soviets, or the Cubans for that matter, must be invited to the negotiating table." Said an aide: "The boss...

Author: /time Magazine | Title: A week of Mixed Signals | 3/29/1982 | See Source »

France has maintained friendly relations with Nicaragua out of the conviction that such sympathy will help keep the country from moving into the Soviet orbit. Despite U.S. dismay, it has even sold "defensive" weapons to the Sandinista government. Reagan raised this issue when President François Mitterrand visited Washington last week. Said Reagan: "We discussed all facets of it." Mitterrand said that the warm and cordial meeting was too short to resolve any disputes over Central America. Explained Mitterrand later: "Our analysis is different from the start. I think these people must come out of the economic misery...

Author: /time Magazine | Title: El Salvador: A Lot of Show, but No Tell | 3/22/1982 | See Source »

...scrappy NOMATEP coalition--lacking legal and technical expertise--repeatedly grabbed the ear and approval of judges and regulators. Harvard was repeatedly told to prove that the diesel engines for the plant--which would be the largest of its kind in North America--would not choke Boston. To Harvard's dismay, the hearings triggered a spiral of unforeseen delays and escalating costs...

Author: By Thomas H. Howlett, | Title: Making Energy and Enemies | 3/10/1982 | See Source »

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