Word: divests
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Dates: during 1970-1979
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...grabbed and brought back from South America by a Pinkerton detective. There has been a recent dent in that precedent, however. The U.S. Second Circuit Court of Appeals, which has a jurisdiction that includes New York, ruled last May that due process now requires "a court to divest itself of jurisdiction over ... a defendant, where it has been acquired as the result of the Government's deliberate, unnecessary and unreasonable invasion of the accused's constitutional rights...
...review of past and future economic policy. Meetings for an investment strategy review are scheduled for this week. It is not yet clear to what extent questions of corporate and social responsibility will influence the new investments the company will make or its decisions to maintain or divest Harvard's existing shareholdings. But these considerations will no doubt be at least a part of the policy discussions...
...year ago, Crimson articles on the University's ownership of single-family homes in the Harvard area touched off what Daniel Steiner '54, general counsel to the University, calls a "minor hurricane" in Mass Hall. This September the 29 houses involved remain under Harvard's stewardship, although promises to "divest" the property are closer to realization...
Just why Harvard wants to divest the houses is not clear. Most of the homes lie within the boundaries of the University's acquisition map, and Harvard clearly does not want to, nor feels any obligation to, relinquish the land to the "community." Just so, the Purchase Option Plan will insure that none of these properties leaves University control. If an owner wishes to sell, Harvard will have first crack at the house, and if a tenant ends his employment with the University, he must relinquish the house...
...this day of energy shortages. It is highly unlikely that there will be any immediate move to get Harvard out of such companies, no matter how regressive their policies are. There may be a slight alteration of this make-up over time, but if Harvard ever does decide to divest itself of its Gulf Oils, Middle South Utilities and other controversial stocks, the process will be eternally slow. Cabot and Putnam are fine Boston gentlemen, bred in the best Harvard tradition. They still adhere to the norms of financial management followed by the great money houses of New York...