Word: divests
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Dates: during 1980-1989
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...they will be sure to discuss what has been the major issue in CCSR policy meeting--the debate over whether Harvard should divest of its $163.8 million of stock in companies with holdings in South Africa...
...ACSR was created in 1972 to advise theCorporation's committee on issues associated withethical investing, but has no formaldecision-making power. Since 1985, Harvard'spolicy of "selective divestment" from companiesthat do business in South Africa has remained thesame, although the University's total holdings inSouth Africa have declined about 30 percent in thelast year as a result of companies deciding ontheir own to divest...
What the Corporation has chosen to do is retainHarvard's selective divestment policy. Theofficial line on South Africa investments is thatHarvard will vote on proxy resolutions toencourage companies to divest, while refrainingselling stock in those companies should theyrefuse...
...Radcliffe President Matina S. Horner alsosays total divestment is not the best answer tothe apartheid problem. "If you totally divest, youturn your back on the issue," Horner says...
Additionally, University officials say theyencourage some companies to stay in South Africaif they provide humanitarian services. Forinstance, although Harvard asked most of itscompanies with South African holdings to divest,Liebman says the University exempts drug companiesfrom this rule "on the grounds that they areneeded...