Word: divests
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Dates: during 1970-1979
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...blacks--members of Harvard-Radcliffe Afro and the Pan African Liberation Committee--staged the six-day occupation to dramatize their demands that Harvard divest itself of 670,000 shares of Gulf Oil stock...
Speakers from a wide range of University groups explained that Harvard was morally wrong by refusing to sell its 680,000 shares of Gulf Oil stock. They said because of Gulf's support of the repressive Portuguese regime in Angola, Harvard should divest itself of its stock...
Their strategy endorses purely off-campus anti-war actions with the exception of support for the PALC demand that Harvard divest itself of stock in Gulf Oil: "A series of escalatory acts of protest and civil disobedience against the Federal government, and the support of anti-war candidates, are the only valid actions against the war" (April 22). Such an analysis suggests that Harvard's ownership of Gulf stock is the sole blemish on a pure university...
Rally held on the steps of Memorial Church, condemning Harvard for refusal to divest...
Harvard has acquired about 683,000 (0.3 per cent of outstanding shares) of Gulf Oil Company stock over the last 25 years, largely as gifts and principally from the Mellon family. The present market value of Harvard's holdings is about $18.5 million. In refusing to divest itself of this blatant tie to Gulf, Harvard thus has chosen to support Gulf's continued involvement in Angola. The position of the Harvard Corporation is thoroughly supportive to the distorted rationalization that Gulf issues to justify its involvement in Angola. Harvard intends to help bring about Gulf's further entrenchment in Angola...