Word: divested
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Their strategy endorses purely off-campus anti-war actions with the exception of support for the PALC demand that Harvard divest itself of stock in Gulf Oil: "A series of escalatory acts of protest and civil disobedience against the Federal government, and the support of anti-war candidates, are the only valid actions against the war" (April 22). Such an analysis suggests that Harvard's ownership of Gulf stock is the sole blemish on a pure university...
Earlier I indicated that if Harvard is to come out of this affair at all honourably it must either divest or remain with Gulf and take appropriate moral action. Like the President, I agree that the morally courageous thing to do is to stay with Gulf; but unlike him, I have an entirely different conception of the kind of action that will justify an involvement with Gulf. Let me close by suggesting what such morally justifiable action might...
Only in these ways can continued investment in Gulf be morally justified. If Harvard does not think that it can bring itself to take such morally appropriate action it should divest. And it should do so immediately. If it does not think it can bring itself to divest it should remain quiet and, with us all, bear its shame in silence
Rally held on the steps of Memorial Church, condemning Harvard for refusal to divest...
Harvard has acquired about 683,000 (0.3 per cent of outstanding shares) of Gulf Oil Company stock over the last 25 years, largely as gifts and principally from the Mellon family. The present market value of Harvard's holdings is about $18.5 million. In refusing to divest itself of this blatant tie to Gulf, Harvard thus has chosen to support Gulf's continued involvement in Angola. The position of the Harvard Corporation is thoroughly supportive to the distorted rationalization that Gulf issues to justify its involvement in Angola. Harvard intends to help bring about Gulf's further entrenchment in Angola...