Word: divested
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Davis said the trustees should divest of their common stock in corporations active in South Africa because their sale of the bank deposits indicates they "agree with the philosophy of divestiture...
...would be the best thing for the University if it were out of its legal power to divest," Schelling said, adding, "There is nobody at the University who wants to deal with the portfolio...
...Faculty has also voiced a range of opinions on Monday's boycott. Although Dean Rosovsky called for "business as usual," Expository Writing teacher Ellen Schrecker cancelled both of her Monday sections. It's very good to take certain symbolic actions," Schrecker said. "I believe Harvard should divest...
...Harvard to divest ($300 million, or about 30%, of its portfolio involves companies with business connections in South Africa), Bok said there would have to be proof that the action would help overcome apartheid, persuade American firms to leave South Africa, and offer more encouragement to black workers than the alternative policy of pressing companies at stockholder meetings to improve treatment of black workers. "Harvard has declared its opposition to the South African regime," said Bok, "and has pledged itself to vote on shareholder resolutions in the manner best calculated to overcome apartheid." Calling this course "the most ethically responsible...
...conclusion of his second letter, Bok gives three reasons which condescendingly belittle the movement to divest Harvard of its holding in American companies operating in South Africa, as "an extraordinary proposition that would not receive serious consideration were it not for the passions that are so understandably aroused by apartheid and all its attendant injustices...