Word: investment
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Dates: during 1970-1979
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...development office is taking the drop seriously enough to be adopting some new methods of solicitation. Such programs as the planned giving plan, designed to help Harvard alumni invest their money in Harvard and at the same time make a profit, seem to be the wave of the future, Colt says...
Since the days in 1970 when Campaign GM was one of the hottest issues among students, Harvard has taken a leading--if somewhat dispassionate--role among major institutional investors attempting to ensure that the companies in which they invest display socially responsible behavior. In 1972, President Bok established an Advisory Committee on Shareholder Responsibility (ACSR) to make recommendations to a subcommittee of the Harvard Corporation on how to vote Harvard's stock at annual meetings of its portfolio companies...
According to the plan, the state will try to borrow $750 million and invest it in Big Mac bonds. State and city pension funds will buy another $750 million of the bonds, the State Insurance Fund will take $100 million and the city sinking funds $180 million. In addition, New York banks have agreed to provide $406 million by rolling over short-term city notes that they hold and buying or underwriting Big Mac bonds. Finally, big property owners have pledged to prepay $150 million in real estate taxes...
...Alfred is also remembered as the man who, in the opinion of the shop floor, exhausted the assets of the Darlaston factory to invest elsewhere, leaving both men and machines in poor shape to deal with the more streamlined industrial competition from Europe. That is part of the reason, says Peach, why "the unions have now got the loyalty that Sir Alfred once...
...Advisory Committee on Shareholder Responsibility (ACSR), and a Committee on Rights and Responsibilities (CRR). As its name indicates, the CUE deals with problems concerning undergraduate education. The ACSR makes recommendations on how Harvard should vote in the corporations in which it owns stock, and also on how Harvard should invest its money. The CRR was designed to be a sort of "honor court" in which students who had violated some aspect of the Resolution on Rights and Responsibilities (basically the Harvard honor code) would be judged by fellow students and members of the faculty. But students have refused to serve...