Word: divest
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...proposal asking Harvard to divest from its stocks in all companies doing business in South Africa reached the floor of the Board in December, was diverted to a committee meeting in February, and prompted the creation of an unprecedented joint panel composed of overseers and members of the seven-man Corporation in April. The Board has yet to vote on the proposal itself...
...Though divestment activists were disappointed by the composition of the committee, they hope that it will decide in favor of divestment. "Even though I am a little skeptical about the purpose and membership of the committee, it can do some good," said HRAAA Executive Director Dorothee E. Benz '87. "Who knows? Maybe they will even make the decision finally to divest...
...University's commitment to fairness must extend beyond mere platitudes to concrete and substantive actions. The administration should accept the decision of its support staff and bargain with their union in good faith. Harvard should divest of all its South Africa-affiliated stock--ridding itself, once and for all, of this unethical sore. Faculties must move aggressively to recruit and tenure more women and minority scholars. Harvard must also act to bring such groups into positions of leadership and responsibility within the administration itself. By setting a forceful example of equality and integration, Harvard would not only be true...
Five years ago students concerned about Harvard's refusal to divest of its South Africa-linked investments set up an alternative endowment that would be held in escrow. Harvard would get the money if it divested or if apartheid ended in South Africa. Those active in this Endowment for Divestiture (E4D) argue that donations to the College implicitly endorse the University's immoral and mulish decision not to divest from organizations that do business in South Africa...
...meantime, the only option for those wishing to express their anger at Harvard's investment policy and to protest its fundraising practices is to give to E4D, which emphasizes the numbers who give rather than the number that they give. In the likely event that Harvard does not divest and apartheid does not end, the money in E4D will be given to Phillips Brooks House to aid its worthwhile endeavors in the Boston area...