Word: investers
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Many of the Watson-instilled codes remain in effect today, though in a softened form. All IBMers are subject to a 32-page code of business ethics. Sample warning from the blue-covered rulebook: "If IBM is about to build a new facility, you must not invest in land or business near the new site...
...bank holding company, employees can tailor their benefit packages to help pay for child care. At Baker Packers, a unit of California-based Baker International (1982 revenues: $2.5 billion), workers can cash in up to a week of vacation and deposit the proceeds in company-sponsored savings plans that invest in stocks and other securities...
...even keep beer cold." Software, the programs that come in cartridges or on floppy vinyl discs, instructs the machine to carry out the commands given to it. Customers are willing to spend heavily to get the right software. Industry experts estimate that for every $1,000 consumers invest in computer hardware, they pay out another $300 on software during the first year after they buy a machine...
President Bok is retreating from a moral investment policy. The Harvard corporation has been developing an investment policy opposed to apartheid since 1972, when the Corporation declared that it would not invest in companies doing more than half their business in South Africa In 1979. President Bok himself wrote that South Africa constituted a "case of special concern" for American investors. In his most recent statement, however, President Bok rejects the most effective remaining course of moral investment action divestiture...
...cities with black majorities or areas of rapid transitions to large black populations. Many whites were more willing to support a black for Congress or the state legislature than for mayor. "The mayor is the symbol for the entire city, and some whites do find it difficult to invest that kind of leadership in blacks," says Barnett. But in the past few years, black mayoral candidates have fared better in garnering votes in predominantly white areas. "For the first time large segments of ethnic Americans have to live under a black administration and pay deference to black leadership," says Harvard...