Word: divesting
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President Bok is arguing that we should not use our rights in order to protect our rights. The University as an investor has the right to decide which corporations it wants to invest in on any grounds it deems appropriate. And yet, Bok argues that Harvard's decision to divest of its South African holdings would tend "to undermine the willingness of outside groups to respect the academic freedom of the University." Every consumer has the right to decide which products to buy and which not to buy and yet Bok believes that by exercising this right, Harvard will induce...
...face yet another controversy in March over the issue of the University's investments in corporations operating in South Africa. Ninety-three Faculty members signed a petition calling on the University to divest of its South Africa-related investments, and many spoke out against University policy at a Faculty meeting. Kenneth J. Arrow, departing Conant University Professor, said in a letter to the Faculty Council that the Advisory Committee on Shareholder Responsibility (ACSR) last year overestimated the cost of divestiture of stock in companies doing business in South Africa. The ACSR said the costs of divestiture would range from...
Tsongas called on Harvard and other universities earlier this month to divest of their holdings in companies with investments in South Africa...
...that, if Harvard does not divest, it can at least be relied upon to use its influence as shareholder in a morally sensitive rather than in a cynical and irresponsible manner. Neil Koblitz '69 Assistant Professor of Mathematics
...irony in this scenario is overwhelming. Harvard, as an institution, will abdicate its moral responsibilities twice. Today, it has the opportunity to divest, to show the world that it does have a conscience, and that it will no longer live upon profits drawn from the very lives of an oppressed people. It has not taken that position. Tomorrow, once the return on investment is seriously interrupted, the Corporation could show that helping a people towards recovery is more important than monetary gain. Instead, if Mr. Bok's arguments are followed to their logical conclusion, the Corporation probably will with-draw...