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Word: divestment (lookup in dictionary) (lookup stats)
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Student civil rights activists suggest that Harvard should divest its $590,000 of Mississippi Light and Power Company bonds and its $12 million in Middle South Utilities Company stock, as both companies have segregated facilities and discriminatory hiring and promotion practices. The University rebuffs the suggestion, leading to student condemnation of President Nathan M. Pusey ’28. Students also protest the University’s holdings in General Motors and several utilities companies accused of polluting...

Author: By Anne M. Lowrey, | Title: Forced to withdraw | 11/18/2004 | See Source »

Hafsat D. Abiola ’96, daughter of the democratically-elected president of Nigeria, calls on President Neil L. Rudenstine and the Undergraduate Council to support a campaign for the University to divest from Nigeria. The UC, dozens of professors, and several student organizations support her efforts. Abiola calls for divestment when the Nigerian military junta, which seized the country in 1993 and imprisoned Abiola’s father, hangs 11 activists, including Nobel Peace Prize nominee Ken Saro-Wiwa. Harvard keeps its holdings in Nigeria, including $35 million in Shell Oil, a participant in business with Nigeria?...

Author: By Anne M. Lowrey, | Title: Forced to withdraw | 11/18/2004 | See Source »

Students first call for the University to divest from Angola and South Africa, beginning 20 years of continual protests of Harvard’s investment in companies that support racist governments...

Author: By Anne M. Lowrey, | Title: Forced to withdraw | 11/18/2004 | See Source »

...University receives wide-spread criticism when Nobel Peace Prize winner and South African Archbishop Desmond M. Tutu publicly endorses three pro-divestment candidates for the Board of Overseers in 1986 and tells the Boston Globe that he will return his honorary degree if the University does not divest. Tutu resigns from the board...

Author: By Anne M. Lowrey, | Title: Forced to withdraw | 11/18/2004 | See Source »

Idealism won’t get you far in convincing Harvard to divest. The University already has an internal watchdog to ensure that Harvard invests in responsible companies and presidents since Nathan Pusey have balked at the idea of politicizing the endowment. But for persistent idealists, try these steps...

Author: By Anne M. Lowrey, | Title: Forced to withdraw | 11/18/2004 | See Source »

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