Word: divested
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...same time, De la Madrid is expected to undo quietly some of the excesses of his predecessor's final days in office. While respecting López Portillo's decision to take over the country's banks, he may try to divest the state of nonfinancial enterprises controlled by the banks that were also swept up in the nationalization move. In his inaugural address De la Madrid said that the government would support the "legitimate rights and incentives" of "responsible" entrepreneurs. The statement was seen as an endorsement of private enterprise, although De la Madrid also insisted...
Last year, the Corporation was urged to divest by the Advisory Committee on Shareholder Responsibility, which based its recommendation on Carnation's violation of a set of fair labor rules for companies operating in South Africa...
More than 75 Harvard students and faculty members this week gathered to serenade Corporation members with songs urging Harvard to divest from companies that make nuclear weapons. But apparently none of the seven men were on hand to hear the musical appeal...
...second referendum asks whether Harvard should divest its $6.5-million share of the Carnation Co., a milk and dairy products firm The South African Solidarity Committee brought it to the council after collecting more than 700 signatures...
While the legislature is willing to sustain a small financial loss in order to send a powerful message of condemnation to Pretoria, many of the bill's sponsors are hopeful that divestment will not cost the state a dime. The Massachusetts Coalition for Divestment from South Africa--a coalition of more than 100 religious, civic and labor organizations that promoted the bill--has calculated that the state may even be able to make several million dollars in the process of divestiture. This prediction is probably overly optimistic. But by judiciously spreading the required sales over the three-year period allotted...