Word: divests
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Dates: during 1980-1989
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...proposal asking Harvard to divest from its stocks in all companies doing business in South Africa reached the floor of the Board in December, was diverted to a committee meeting in February, and prompted the creation of an unprecedented joint panel composed of overseers and members of the seven-man Corporation in April. The Board has yet to vote on the proposal itself...
Five years ago students concerned about Harvard's refusal to divest of its South Africa-linked investments set up an alternative endowment that would be held in escrow. Harvard would get the money if it divested or if apartheid ended in South Africa. Those active in this Endowment for Divestiture (E4D) argue that donations to the College implicitly endorse the University's immoral and mulish decision not to divest from organizations that do business in South Africa...
...meantime, the only option for those wishing to express their anger at Harvard's investment policy and to protest its fundraising practices is to give to E4D, which emphasizes the numbers who give rather than the number that they give. In the likely event that Harvard does not divest and apartheid does not end, the money in E4D will be given to Phillips Brooks House to aid its worthwhile endeavors in the Boston area...
SASC leaders said Stone's membership in the Corporation and his position on the board of the investment firm create a conflict of interest when the Harvard body considers divestment issues. Because Scudder, Stevens and Clark has investments in companies that do business with South Africa the students said Stone could not impartially decide whether Harvard should divest...
...Divestment: Bok has not only refused to divest of Harvard holdings in companies doing business in South Africa, he has also attempted to stifle other opinions from being expressed on the issue. Last week he successfully prevented the Board of Overseers from taking a full vote on divestment. Does this procedural stalling set an example of ethical conduct for students to follow...