Word: divesting
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Although student demonstrations were not successful in prodding Harvard to divest from South Africa, the University did alter several of its investments that spring...
Rabinovitz also alleged that Harvard’s refusal to divest was financially motivated and the fact that ACSR did not take stronger action against apartheid “should surprise no one since the number one priority of this University is profits...
...ACSR, the Corporation did not advocate the immediate sale of all stocks and bonds of banks that were lending money to the South African government. Instead, the Corporation decided to discuss with those banks the moral issues involved in loaning money to the segregationist government before deciding whether to divest...
While schools such as Ohio State University, the University of Wisconsin and Hampshire College voted to divest themselves of stock in all corporations operating in South Africa, Harvard stuck firmly by its reluctance to use divestment to make political statements...
Last spring, after 64 Harvard professors signed a petition calling for the University to withdraw from its investments in Israel—estimated at more than $600 million—University President Lawrence H. Summers said Harvard did not intend to divest from the beleaguered state...