Word: divesting
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That the University now may be willing to divest from tobacco companies to protest their unethical business dealings in other countries seems to be an immense inconsistency. Harvard should wield its influence as a stockholder to influence the tobacco companies--even though it still hasn't used that weapon to retaliate against companies for their involvement in the apartheid state...
...absence of any sense of responsibility in the tobacco companies prompted the Advisory Committee on Shareholder Responsibility (ACSR), a panel of faculty, students and administrators which advises the Corporation on ethical investing, to recommend to the CCSR that Harvard divest from these companies. Ironically, the ACSR also once recommended that Harvard divest from its holdings in South African-related companies. This was advice which the University, which retains about $200 million in such stock, has largely disregarded-much to its discredit...
...University should fully divest if diplomatic tactics fail. There is no reason for Harvard to associate with a company whose practices are unethical. While South Africa was never any different, Harvard now has a second chance to use its wealth and influence for good, and it should...
Does this mean Harvard will finally divest from South Africa on the grounds that the promotional techniques of apartheid are often heavyhanded, and the birth certificates of Blacks there are not equipped with warning labels...
Consider Harvard's failure to divest from South African-related stocks. The moral significance of this new divestment could only pale in comparison. This new idea is simply the latest in a string of ways Harvard has attempted to appear socially conscious while abdicating its ultimate responsibility to act in the most ethical way possible in every arena...