Word: divesting
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...real story was well told by Patrick Flaherty, a graduate student member of the ACSR, in a Crimson article March 3, 1982. Harvard's policy of divesting from banks making direct loans to the South African government had been adopted as a limited concession to student demands for total divestment in 1978. In 1980, this policy compelled the Corporation to divest $50 million in Citibank debt securities after Citibank joined a consortium loan to the South African government. Harvard's action became the focus of press attention which embarrassed both Citibank and South Africa...
...Columbia protest, Raskin said, was meant to "make life very difficult for the administration" at Columbia in the hope that the school would be forced to divest. The peaceful Harvard pretest, he added, was meant "to develop, such an-irresistible political force that that too make life impossible...
...stressed, though, that "the purpose of the Harvard policy is not to divest," but to do what it can to urge companies to "act responsibly...
...Columbia more than 50 students are staging an open-ended hunger fast in an attempt to pressure Columbia to divest of $39 million for about 5 percent of its endowment--invested in companies which do business in South Africa...
...University Senate, the main legislative body on campus--made up of students, faculty and staff--voted unanimously to divest of all Columbia's South Africa-related holdings. University trustees rejected the proposal...