Word: investments
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Dates: during 1980-1989
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Caterpillar plans to shore up its finances by a new stock issue. The company, which borrowed more than $800 billion at high rates over the past twelve months, said last week that it intends to sell 5 million shares in May and invest the proceeds in new plant and equipment. Caterpillar stock had been rising despite the strike and closed last week...
...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...
...companies that upgrade their workers' skills and offer training to the unemployed. Reich would discourage takeovers by disqualifying from normal tax deductions any interest on loans to finance mergers. He would replace the personal income tax with a consumption tax to enlarge the pool of capital for investment. Under this scheme, all earnings that individuals save or invest, rather than spend, would be taxexempt...