Word: divested
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...still too early to tell whether this particular form of protest will be any more effective than previous efforts to force the University to divest. But the Endowment for Divestiture clearly represents a whole new phase in the long-evolving divestiture protest movement...
...past decade, Radcliffe College's running of its own $40 million endowment has attracted virtually no attention at all. But quietly, without headlines or fanfare, Radcliffe has established procedures for handling the issue of divestiture, and it appears likely that Radcliffe will soon begin discussions of whether to divest from companies conducting business in South Africa...
Radcliffe first confronted the question of how to resolve the ethical issues surrounding its investment policy in 1978, when Harvard began discussing what to do with its stock holdings in Citibank, which was making direct loans to the South African government. After Harvard decided to divest from Citibank, Radcliffe officials began to look more closely at their own portfolio, according to Elizabeth Heffernan '54, chairman of Radcliffe's Advisory Committee on Investor Responsibility (ACIR...
Most of the students agree that although the South African economy is stable enough to withstand total withdrawal of American corporate influence, both the United States and Harvard should divest. "Morally, I support divestiture completely," says Menell. "It's not really a practical question, but the South African government does care what its American ally thinks of it." Fox also argues that divestiture might "frighten" the whites into believing that clinging to apartheid will no longer be tolerated by the world community. He adds that Harvard's divestiture would have little or no effect, but that it would constitute...
...junior says that he has not reached a definite opinion on American divestiture because there are too many issues to be considered. He agrees with the others that the United States could make a strong moral statement against apartheid by divesting, but adds, "the Blacks are profoundly affected by even subtle changes in the South African economy. And if America were to divest, there could be increased rioting and starvation. Right now, there's a recession and a drought, and blacks are already suffering." He adds that Harvard divestiture would have few negative or positive repercussions for South Africa...