Word: divests
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Dates: during 1970-1979
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...CASE OF THE PALC and Afro takeover of Massachusetts Hall and their accompanying demands--that Harvard divest itself of Gulf, that it reinvest the money in the Cambridge community, and that the protestors be granted amnesty--is equally endangered by prevailing rhetoric. The Corporation's begrudging and long-overdo response to PALC's requests has been needlessly antagonistic and its statement that it is "not morally wrong" to invest in companies which deal in "repressive and in humane" actions is itself morally repulsive. Furthermore, Harvard's purported hope that it can initiate reform of Gulf policy by demanding further information...
...This is a first step Harvard University is duty-bound to divest its Gulf stock. Harvard University is duty-bound not to take reprisals against the Mack students in this building...
...Corporation presented three major reasons for its refusal to divest. They were...
Yesterday afternoon the Harvard Corporation issued at statement refusing to meet the demands of the Pan-African Liberation Committee and Harvard-Radcliffe Afro and divest itself of gulf Oil company stock, a company supporting colonialist rule in Portuguese-dominated Angola and Mozambique. This morning members of PALC and Harvard-Radcliffe Afro sized and continue to occupy the offices of President Derek Bok in Massachusetts Gulf stock and make a public statement that it will not be involved in racist imperialist economic ventures in the future. Gulf Oil Company, with the blessing of the Portuguese and United States governments. NATO...
...DEMANDING that Harvard divest itself of its Gulf Oil stock, the Pan African Liberation Committee (PALC) is asking the bourgeois moralist to look the bourgeois property holder straight in the eye. Harvard's hesitating, half-hearted response attests that even men of presumed good will are discomforted by the question of how much the university will pay for a good conscience. Yet to call attention to the dilemma mirrored in the slogan "shareholder-democracy" is not to foreclose debate about Harvard's investment policy. Between here and the land of final contradictions there is a great measure of human misery...