Word: divest
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Dates: during 1970-1979
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Student dissatisfaction with Harvard's investments re-emerged in the fall of 1977 when members of the SASC called on Harvard to divest of its holdings in banks loaning to the South African government and to urge corporations to withdraw from that country through shareholder resolutions...
...ACSR recommended that the Corporation send "forcefully worded" statements to recalcitrant companies rather than divest from these firmsas the April 1978 Corporation report indicated...
President Bok is arguing that we should not use our rights in order to protect our rights. The University as an investor has the right to decide which corporations it wants to invest in on any grounds it deems appropriate. And yet, Bok argues that Harvard's decision to divest of its South African holdings would tend "to undermine the willingness of outside groups to respect the academic freedom of the University." Every consumer has the right to decide which products to buy and which not to buy and yet Bok believes that by exercising this right, Harvard will induce...
...face yet another controversy in March over the issue of the University's investments in corporations operating in South Africa. Ninety-three Faculty members signed a petition calling on the University to divest of its South Africa-related investments, and many spoke out against University policy at a Faculty meeting. Kenneth J. Arrow, departing Conant University Professor, said in a letter to the Faculty Council that the Advisory Committee on Shareholder Responsibility (ACSR) last year overestimated the cost of divestiture of stock in companies doing business in South Africa. The ACSR said the costs of divestiture would range from...
Tsongas called on Harvard and other universities earlier this month to divest of their holdings in companies with investments in South Africa...