Word: investers
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...governing body's chief spokesman on shareholder issues, Hugh Calkins '45, said that whether or not a firm's activities in the country adhere to certain ethical principles does not affect Harvard's initial decision to invest in the company, which he implied was solely based on financial reasons...
...find it so outrageous that Harvard is not using at least the Sullivan principles as a screen" for deciding whether to invest in South African-related companies, said Frederick T. Smith, a Law School student member of the ACSR...
Mackall added that other universities, like Cornell, Pennsylvanian and Yale, have adopted policies where the Sullivan principles are the minimum standard, and they will not invest in companies that don't sign the guidelines...
Since Harvard is, willing to divest from companies that do not follow certain criteria for activities in South Africa, Mackall said there is a "fundamental inconsistency" if Harvard is not willing to take a positive step in the opposite direction and not invest in companies that don't meet the same criteria...
After six years of student protest. Harvard continues to invest almost $500 million of its endowment in companies doing business in South Africa. This is an intolerable disgrace, and for more than one reason...