Word: investers
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...soon became apparent to the G.O.P. that the cost of installing the temporary facilities for delegates and the press would run close to $ 1,000,000. On top of that, Graham began to insist that the G.O.P. invest heavily in permanent structures such as a new ticket booth, two permanent television anchor booths and a closed-circuit television-monitor system. That would have brought the total cost of the convention to around $1.5 million. Richard L. Herman, vice chairman of the party's committee on arrangements, finally blew up. Graham refused to budge. As he blandly explained last week...
FINALLY, IN THE conclusion of its statement, the Corporation said that "in view of the constructive actions a shareholder can take," it is not "morally wrong" to invest in companies which deal with governments engaging in "repressive or immoral" actions...
...museum. As early as the eighteenth century the more sophisticated defenders of West Indian slavery were arguing that although slavery was an evil and, as such, to be condemned (in much the same way that the President today condemns Portuguese colonialism) Englishmen should nonetheless maintain slavery and continue to invest in sugar or "brown gold" (as Harvard now invests in oil, or "black gold") because thereby the savages of Africa could be led into the paths of Christianity and be ensured a level of living which was not only infinitely superior to that left behind in Africa, but even greater...
...Gulf, that it reinvest the money in the Cambridge community, and that the protestors be granted amnesty--is equally endangered by prevailing rhetoric. The Corporation's begrudging and long-overdo response to PALC's requests has been needlessly antagonistic and its statement that it is "not morally wrong" to invest in companies which deal in "repressive and in humane" actions is itself morally repulsive. Furthermore, Harvard's purported hope that it can initiate reform of Gulf policy by demanding further information of its activities is about as realistic as the notion that ITT would be willing to paste together...
...Corporation stated that, as a general principle, it is not "morally wrong" to invest in comapnies which deal with government engaging in "repressive and in humane" actions...