Word: divested
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...This is a first step Harvard University is duty-bound to divest its Gulf stock. Harvard University is duty-bound not to take reprisals against the Mack students in this building...
...Corporation presented three major reasons for its refusal to divest. They were...
...DEMANDING that Harvard divest itself of its Gulf Oil stock, the Pan African Liberation Committee (PALC) is asking the bourgeois moralist to look the bourgeois property holder straight in the eye. Harvard's hesitating, half-hearted response attests that even men of presumed good will are discomforted by the question of how much the university will pay for a good conscience. Yet to call attention to the dilemma mirrored in the slogan "shareholder-democracy" is not to foreclose debate about Harvard's investment policy. Between here and the land of final contradictions there is a great measure of human misery...
They spoke on a number of the broader issues that have been raised by the PALC's campaign to force Harvard to divest itself of Gulf Oil stock. Because the teach-in was sparsely attended, we are printing the following edited transcript of the question and answer session...
...turned out, the settlement caused a $7 a share drop in the price of ITT stock on Aug. 2, the first trading day after the public announcement. The settlement was relatively favorable to ITT, allowing it to keep the Hartford Fire Insurance Co., but requiring it to divest itself of six smaller companies. The outcome could have been far worse for ITT, but it also could have been much better...