Word: divests
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Dates: during 1970-1979
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...Harvard to divest ($300 million, or about 30%, of its portfolio involves companies with business connections in South Africa), Bok said there would have to be proof that the action would help overcome apartheid, persuade American firms to leave South Africa, and offer more encouragement to black workers than the alternative policy of pressing companies at stockholder meetings to improve treatment of black workers. "Harvard has declared its opposition to the South African regime," said Bok, "and has pledged itself to vote on shareholder resolutions in the manner best calculated to overcome apartheid." Calling this course "the most ethically responsible...
...conclusion of his second letter, Bok gives three reasons which condescendingly belittle the movement to divest Harvard of its holding in American companies operating in South Africa, as "an extraordinary proposition that would not receive serious consideration were it not for the passions that are so understandably aroused by apartheid and all its attendant injustices...
...matter of debate. "The question is not whether we have a policy or not, but whether the policy we have goes far enough," he says. Many people, including the hundreds of members of campus organizations and the thousands of students and faculty who have signed petitions demanding the University divest, believe Harvard's policies do not go far enough...
Andrew L. Creighton '81, treasurer of the PBH steering committee, said yesterday Steiner told the committee, said yesterday Steiner told the committee that Harvard will probably never divest...
...urge all members of the Harvard community to take part in today's Sharpeville commemorative rally at noon on the steps of Memorial Church. In the face of University intransigence, we must redouble our efforts to convince Harvard to divest itself of its holdings in South Africa...