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...ACSR hearings, culminating in a 3000- (yes, that's three thousand) person torchlight parade and day-long blockade of University Hall, not only did the Corporation agree that South Africa as an institutionally racist state was a unique light on the face of the world, but it agreed to divest from all banks that lent for any reason to the South African government or any of its public corporations. The Corporation agreed to demand that all the corporations it invested in obeyed the Sullivan Principles, a series of basic humane guidelines for operations in South Africa. The Harvard Corporation agreed...

Author: By Damon A. Silvers, | Title: Divestiture: A History | 3/5/1984 | See Source »

...every spring, Harvard administrators have repeated their arguments for why Harvard will not divest. This fall at a South House dinner, for example, President Bok clearly stated his position on the matter once again: that Harvard best serves its moral obligations by working within a company to change its policies, rather than by cutting all ties and thus moral persuasion with them...

Author: By Robert M. Neer, | Title: Reforming From Within? | 3/1/1984 | See Source »

Supporters say the principles are an effective measure of the willingness of American companies to work for progressive change in South Africa, Critics--many of whom have been in the movement to force universities to divest their South Africa stock--charge that the principles have not produced any real change in the condition of Blacks, and they have instead served to deflect attacks on the South African state...

Author: By Robert M. Neer, | Title: Reforming From Within? | 3/1/1984 | See Source »

...achieve the goals he outlines, Sullivan proposes that his principles be made mandatory for American companies operating in South Africa and that heavy penalties be imposed against compliance that do not receive the most favorable compliance ratings. Investors should divest from companies that consistently fail to get acceptance compliance ratings, the minister said Sullivan said he seeks to have 1000 companies endorse the principles...

Author: By Robert M. Neer, | Title: Reforming From Within? | 3/1/1984 | See Source »

Universities should take a more active role in producing change in South Africa, Sullivan adds. "Harvard has not been doing its job. If they are really going to use their resources to help, they should use their resources to divest from companies that have not signed...

Author: By Robert M. Neer, | Title: Reforming From Within? | 3/1/1984 | See Source »

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