Word: divesting
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Their campaign calls for the University to divest completely from all companies that do business in South Africa, said Plotz, who is a deputy public defender in San Francisco...
...Friday--President Bok goes on national television announcing that Harvard will divest of all its holdings in corporations doing business in South Africa. New York City, which still has not divested although it promised to more than a year and a half earlier, decides to follow Bok's example...
...sort of defiance that Mandela displayed seemed to be in the air last week. The newly formed Congress of South African Trade Unions (COSATU) also flouted the government by calling on foreign-based companies to divest themselves of South African holdings. "While Western companies argue that this will bring suffering to blacks, COSATU says that black people have been suffering since 1652, when the Boers first came to this country," said Elijah Barayi, president of the group. It was one of the most radical calls to action made publicly by the head of a legally recognized black organization since...
...divest, you put yourself in a position where you have no leverage to do anything," said I. Reid Weedon, senior vice president of the Cambridge consulting firm Arthur D. Little. The firm rates companies on how well they are adhering to the principles, a set of voluntary measures to desegregate workplaces and provide greater advancement opportunities for South Africa's Black majority...
...ACSR became a subject of intense scrutiny two years ago when it recommended that Harvard divest of it $400 million investment in companies which do business in South Africa. When the recommendation went unheeded, many charged the University with using the ACSR to divert sentiment for divestment...