Word: divested
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...Suransky, a Michigan lecturer who sent the telegram, said in an interview yesterday that if Harvard were to divest, it "would send a signal throughout the entire university system...
...further threatens that divesture would cost the University "in the millions of dollars" which would "divest substantial sums of money from salaries and scholarships." The unsubstantiated claim that money would be lost must be questioned in light of profitable divestiture by other universities, such as the University of Michigan, and by the city of Cambridge, as well as by the willingness of the state of Massachusetts to sell its stock in companies dealing with the apartheid state...
vard Gazette, was similar to on Bok wrote in 1979, also is response to a major drive to persuade Harvard to divest...
These are not easy questions, because the ACSR itself is extremely divided on many of the issues. But after initially firing with the former strategy, the ACSR seems to have chosen the latter. The strong recommendation that emerged from the committee on Friday that Harvard divest from companies not abiding by the Sullivan Principles is a case in point. A year ago, the committee would never even have considered such a resolution...
What's more, the committee narrowly defeated a recommendation that Harvard divest totally, the first full divestiture motion ever to reach the ACSR's table. In other words, the committee is finally working itself around to the conclusion that the Corporation can't be reasoned with on this topic. Even so-called moderate positions on the subject hold no water with the governing board, which has so sharply limited the realistic terms of debate that anything beyond discussing innocuous shareholder resolutions is on the radical fringe...