Word: divests
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Even among those who felt that the moral implications of the University’s financial decisions should be considered, opinions varied on whether it was tatus and to vote on companies’ internal policies or whether it was better to make a statement and divest...
...Initially we [the UCHSR] said we’re not going to have anything to do with it, because we think you should divest in all circumstances, but eventually I was sent, saying ‘we’ll be part of the process, but the University needs to be tougher on corporations that wish to do business in South Africa and play a more active role in making those corporations a more positive force of change,’” says Waldman...
This April, following the recommendation of the ACSR, the CCSR decided to divest from PetroChina, an oil company with ties to the Sudanese government...
Benjamin B. Collins ’06, a co-writer of the petition for Harvard to divest from Sudan, said that Power’s letter will also give more leverage to student groups trying to veer their universities in the direction of divestment...
...said it hopes that academic institutions’ reconsideration of their investments will create broader pressure for state pension funds and mutual funds to divest from stocks affiliated with Sudan’s current regime...