Word: divesting
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HARVARD LAST WEEK divested of $1 million of its, $565 million investment in corporations doing business in South Africa. Harvard decided to divest because the corporation in question had failed to comply with the University's system of moral guidelines based primarily on the Sullivan and Tutu Principles...
This again leads into what the Reverend Jackson did not say. He did not recommend a boycott here in the United States against all corporations doing business with South Africa. Evidently it is one thing to tell Harvard to divest and another thing to ask Americans to divest. That would mean getting rid of toasters, washing machines, radios, television sets, automobiles ad infinitum. It would mean looking for replacements made by companies not involved with South Africa or doing without the items...
...newly elected John Paul's first visit to Latin America), the assemblage followed the Pope's lead in striking a careful balance in defining Catholic activism. While endorsing a strong mandate for church involvement in social issues, the Puebla conference condemned Marxist strategies and cautioned priests to "divest themselves of all political ideologies...
What with Bishop Desmond Tutu, the Rev. Jesse L. Jackson, and Harvard's United Ministries all recently calling holdings and divest loudly rallying against apartheid the University may be headed for an unusually heavy wave of criticism...
...selling stock in companies which consistently fail to comply with accepted standards for work conditions. It is yet to be seen whether any such move would mollify student and faculty activists and the Advisory Committee on Shareholder Responsibility--which last year for the first time advised the Corporation to divest all its South Africa-related holdings...