Word: divested
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LAST SPRING, despite the largest outpouring of student political sentiment in several years, the Harvard Corporation refused to divest itself of its holdings in companies operating in South Africa. It also declined to get rid of its stock in banks lending money to the Vorster regime, or even to sponsor shareholder resolutions urging companies to withdraw. The inspiring protests of the last week in April--a week that saw crowds of up to 3500 students united in protest--may have sputtered with the advent of reading period, but the issue is far from resolved...
LAST SPRING, despite the largest outpouring of student political sentiment in several years, the Harvard Corporation refused to divest itself of its holdings in companies operating in South Africa. It also declined to get rid of its stock in banks lending money to the Vorster regime, or even to sponsor shareholder resolutions urging companies to withdraw. The inspiring protests of the last week in April--a week that saw crowds of up to 3500 students united in protest--may have sputtered with the advent of reading period, but the issue is far from resolved...
...Harvard -- which has by far the largest endowment of any university in the nation -- would attract heavy publicity, possibly helping the anti-apartheid movment elsewhere. The second point was perhaps most succintly expressed by Mary Nolan, assistant professor of history, in challenging Harvard Corporation members: "If you don't divest, you're an accomplice to apartheid and I think you should own up to that...
...Board of Trustees of the Yale Corporation decided Wednesday not to divest its investments in South Africa...
According to the position paper, Yale will be prepared to divest its holdings in companies that do not subscribe to a specified code of conduct established by Rev. Leon H. Sullivan, a former Yale chaplain, and accepted by over 100 businesses...