Word: investers
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...response to the accusation that Harvard does not take any ethical considerations into its decisions to buy stock, Calkins noted that the Harvard Management Company--an independently run company that manages Harvard's portfolio--does not invest in companies that do more than one-half their business in South Africa...
...added that although there is no written rule, the management company will take into account what he called "ethical" considerations in some cases if the company has been convicted of fraud, antitrust, or of illegally polluting the environment. He said that he used his discretion and would not invest in "a brothel or one that sold illegal drugs...
President Bok also defended the morality of University investment policies last week. Bok pointed out that, although the University does not check into every company individually. Harvard's refusal to invest in banks that do business with the South African government or companies which have more than 50 percent of holdings in that country indicates that Harvard does "not purchase categories of stock for moral reasons...
Members of the committee said they were shocked to learn that Harvard does not use the Sullivan principles, a set of equal-opportunity and fair-labor practices for U.S. firms operating in South Africa as a screen for weeding out companies Harvard should not invest...
...Core because it would provide incentive for even larger hordes to sign up and log on than now enroll in those courses. This is however, just the type of action which would renew students faith in the Harvard commitment to excellence. The University would be required to invest heavily in new facilities to accommodate the demands of these Core courses, and would consequently meet the needs of disillusioned Harvard affiliates everywhere...