Word: divested
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...began with a report that PALC sent the two-month-old Administration. The paper detailed the relationship of the Gulf Oil Co. to Portuguese colonies in Africa and asked the University to divest itself of its 680,000 shares of Gulf stock. Throughout the controversy that followed, PALC charged that Gulf's African investment "facilitates the daily slaughter of Africans" and that "Harvard is deeply implicated in this crime...
...statement issued at 8 a.m. repeated demands that Harvard divest and make "a public statement that it will not be involved in racist imperialist adventures in the future...
...designate Anthony Lake $5,000 after he settled his differences with the Justice Department with an agreement to pay that amount for owning stock that exposed him to a potential conflict of interest. As President Clinton's National Security adviser, Lake had been notified by White House lawyers to divest himself of several energy-related stocks, whose value could be affected by policies he helped to formulate. Lake's broker apparently failed to sell the stocks, leading to a potential ethical conflict and a Justice Department investigation. As part of the settlement, the Justice Department stipulates that Lake was guilty...
...bargain hunting. Consider Cape Cod, Massachusetts, where Loewen controls all but three funeral homes from Hyannis to Provincetown. (It offered to buy two of those three as well, but their owners declined.) The Massachusetts attorney general became concerned enough about Loewen's near monopoly to require the company to divest itself of three homes, a move of questionable value given that Loewen had already shut one down and the other two were small operations. Owners of all three surviving independents say they don't mind Loewen's presence because Loewen boosts its prices so high that any customers with...
...tribes across a region the size of Western Europe, is already at risk. Only Mobutu's will and wizardry have held the place together for so long. His style of rule combines charisma with a flair for draconian repression. (As part of an "authenticity campaign" in the '70s to divest Zaire of its European taint, he outlawed bow ties, public kissing and Christmas.) But he also successfully marketed his country to the West as a bulwark against Soviet expansion in Africa, until the collapse of the Soviet Union robbed him of his usefulness...