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...Austin Committee chose not to draw guidelines, fearing they would be "too broad and sweeping on the one hand or too narrow and detailed on the other to be operable." Instead, its report advocates creating the position of fact-finder, who would advise the Corporation on investment possibilities that are both socially responsible and potentially lucrative...
...FACT-FINDER would have to weigh profitability above responsibility, the report maintains. Constricting financial pressures force an emphasis on fiscal returns. But more importantly, the report emphasizes that the University cannot "depart from the essentially neutral pursuit of truth...
...Austin Committee was asked to set up guidelines; it set up no guidelines. Instead, it proposed creating a fact-finder who would set up his own guidelines. Masking the problem another way, it devised a grand scheme-establishing an interdisciplinary faculty on social issues-which it outlined in fuzzy borders. Ultimately it decided that the issues are too complex to decide, and what's more, since Harvard is a "center of free inquiry." and since the issues are unrelated to education, the issues need not be decided...
...fact-finder would report to the Corporation, which makes the final decisions in investment questions...
...Committee on University Relations with Corporate Enterprises called for the appointment of a special officer to act as "fact-finder" and consider the "non-financial" aspects of Harvard's investments. The officer would recommend investments to the Corporation but have no decision-making powers...