Word: divesting
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...face, the surprise of administrators seems sensible. After all, students angrily demanded Harvard divest stocks and bank holdings connected to South Africa. And the Citibank sale was the biggest single transaction resulting from their protests...
...Crimson they were talking about--the newspaper that supported the NLF in Vietnam, that conservative alumni found distasteful enough to give the University money to start up a competitor, that has always asked Harvard to increase affirmative action programs, to tenure more women and minority professors, to divest of its stocks in companies which operate in South Africa, and that first questioned why the library at the John F. Kennedy School of Government was financed and named after a man who made his millions off the lives of Black miners on South Africa...
That same motive led him to divest his stock in Eastman Kodak last summer, Willie says. He adds that it wasn't much stock--"10, 15, 20 shares"--but he sold it at a loss because he did not approve of Kodak's involvement with the government of South Africa. "I never told anybody about it publicly, because it wasn't that important," except as a symbol, he says...
Nobody, of course, argues with the intent of the law. Even wealthy Republicans have long been willing to disclose and divest as required by previous rules. Nelson Rockefeller went through a detailed financial disclosure when he became Vice President in 1974, and General Motors President Charles Wilson sold his GM stock before becoming Eisenhower's Defense Secretary...
...challenge the present profit-motive emphasis of the country. He likens present-day Black unrest and struggles to that of major Biblical characters who fought against injustice; according to Daughtry such a challenge is, in fact, the will of God. "In the West, religion has always sanctioned oppression. We divest the Bible of its European character. We worship the God of oppressed peoples," he says...