Word: divesting
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President Derek C. Bok yesterday promised two freshmen that Harvard will divest...
...That is, divest of stock in companies that contributed to the demise of the long-haired woolly mammoth, a North American mammal which has been extinct for about 100,000 years...
...argument that institutions should divest themselves of stock in companies doing business in South Africa claimed a new and hard-won supporter last week. Columbia University, site of a three-week student blockade over the issue last spring, became the first major private educational institution to , announce full divestiture. The stock involved has a market value of some $40 million, or a little more than 4% of Columbia's $900 million endowment. The change in policy, said a university spokesman, came about "in view of recent developments in South Africa...
...protesters say they hope their strategy will keep the heat on the Administration to divest all South Africa-related stock...
While the body makes all its decisions by consensus, Corporation members tend to have informal areas of expertise. Cleveland tax lawyer Hugh Calkins '45, the 17-year Corporation veteran whom Rosovsky replaces, was most heavily involved in developing Harvard's policy of refusing to divest of stock in companies that do business in South Africa. Robert G. Stone Jr. '45, a New York financier and yachtsman, is the Corporation's fundraising whiz. Charles P. Slichter '45, a noted physicis professor at the University of Illinois, is respected for his knowledge of academic matters, while Treasurer Roderick M. MacDougall is involved...