Word: divest
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Dates: during 1990-1999
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President Rudenstine could strike an immensely valuable blow for freedom in South Africa by announcing, even at this late date, that Harvard will forthwith divest itself of all holdings in companies doing business in South Africa, and will not reinvest until a genuinely democratic government has been installed. Robert Paul Wolff Professor of Philosophy University of Massachusetts Former Executive Director of HRAAA
During the last decade, activist overseers have challenged the Corporation's rule, urging the University to divest of its South Africa-related stock. In the mid-1980s, Harvard-Radcliffe Alumni Against Apartheid (HRAAA) began nominating candidates by petition to run against the University's official slate...
...Wolff says he believes that even though HRAAA failed to convince Harvard to divest, it has succeeded...
...council representative Randal S. Jeffrey '91, who moved the resolution, said "it's good when it goes down but they should have a position of complete divestment and we shouldn't congratulate them until they fully divest...
Further, our return this fall was marked by the announcement that Harvard would divest all of its stockholdings in tobacco companies. Neat, huh? Harvard really seems willing to put itself on the line for the sake of pursuing the common good, upholding standards of ethical institutional behavior and serving as a model for others to follow...