Word: divesting
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...only right. Eventually my roommate became moderately friendly with him and halfway through exam period they even got stoned together, in an evening which climaxed when my roommate marched indignantly into the Underdog, a restaurant which was already doing a surprisingly thriving business, and demanded that the owner immediately divest his store of its pinball machine, as his contribution to suppressing the Mafia. My roommate claims that the Mafia has a usufruct on all pinball machines and devotes most of the profits from them to hooking ghetto children on heroin, but even if this is true I suspect that...
...previously been held to be illegal-violate the antimonopoly laws. The FTC does not specify what it wants the companies to do in order to end these alleged abuses. For the moment, it asks only "such relief as is necessary or appropriate." This might include forcing the companies to divest themselves of their refining or marketing operations or both...
...Thomas J. Mclntyre of New Hampshire has submitted a bill that would force all U.S. oil companies to give up their retail-marketing divisions by year's end. Florida's attorney general, Robert Shevin, has also filed suit seeking to force the 15 major oil firms to divest themselves of their crude-oil-production arms...
They planned a campaign designed to persuade or coerce Harvard to divest its 700,000 shares of Gulf stock. In the heightened tensions of the building takeover, the divestiture itself came to be seen as the crucial issue, as if Harvard's pulling out of Gulf would somehow cripple the company. This vision, a nice enough pipe dream, unfortunately was never part of the PALC strategy. The divestiture was nothing by itself; Harvard's share of total stock in the company, large as it was in absolute terms, only amounted to 0.3 per cent of Gulf's outstanding shares...
...then did Harvard refuse to divest? The basic issue of the dispute--Harvard's responsibility to apply pressure to aid black Africans --was conceded by the Corporation. This was the big shift, probably spearheaded by President Bok over the no doubt vehement objections of George F. Bennett'33, treasurer, who had successfully (and sincerely) argued in previous proxy fights that the University had no business meddling in corporate management. The necessity for Harvard to not only condemn but actively oppose certain actions of corporations in which it invested put Harvard clearly in the vanguard of universities as far as corporate...