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Among the issues facing Harvard, few are as important—or as longstanding—as how the University should deal with ethically questionable investments. Unfortunately, Harvard employs an antiquated and ad hoc system under which the University profits from injustice. Harvard must establish standards that allow potentially dangerous investments to be pre-screened so that divestment does not have to be used as a last resort...
While Harvard has a long tradition of morally responsible investing decisions—including its decisions to divest from Angola’s oil industry, apartheid South Africa, and tobacco stock—all these decisions were made on an ad hoc basis. This “Bok system” has several problems. First, the “exceptional circumstances” criteria for divestment forces the ethical responsibility debate to be rehashed from scratch each time a questionable investment is discovered in Harvard’s portfolio. Second, the current system means that reviews often do not occur...
...campus debate over investments in apartheid South Africa in 1972. While the ACSR research was valuable in prompting the PetroChina decision, they hold little real power—they can only make recommendations and primarily focus on shareholder votes, not screenings of investments. Overall, the Bok standard of ad hoc ethical decision-making—adopted in reaction to student protests over investments in Apartheid—is a formula for managing public relations crises, not a coherent set of guidelines...
With no shortage of ad-hoc advocacy on the Harvard campus, concerned students have organized a new group to give students real-world experience in defending human rights. The Harvard College Student Advocates for Human Rights group is not yet recognized by the university but already boasts a membership of fifty undergraduates who wanted to respond to frustrations over an absence of “meaningful” human rights work at Harvard, according to co-founders Tamar Ayrikyan ’07 and Caitlan L. McLoon ’07. Modeled after the Harvard Law School (HLS) Student Advocates...
...exactly have 40 years of experimental pharmacology done to them? It would not have been possible--much less ethical--to recruit subjects when the 1960s drug circus got started, send them off for four decades of substance abuse and bring them back for study. But now that the ad hoc longitudinal experiment those aging boomers have been conducting on themselves is reaching its endgame, addiction experts are pouncing on what the doctors and psychiatrists treating the abusers are learning. What they uncover may help not only the surviving victims of the early drug years but younger users as well...