Word: investors
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Dates: during 1970-1979
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...ACSR took its time. It first commissioned a detailed report from the Investor Responsibility Research Center on the plant, and then had several experts go over the report and AP&L's environmental impact statement. Finally, in late spring, the ACSR came out with a four-page statement on the plant that called on AP&L to "re-examine its plans with respect to the problem of sulfur dioxide and other emissions" and said the utility should consider installing the additional emission controls ACORN has been pushing...
...addition, Cabot and Putnam both contend that they will remain keenly aware of Harvard's social responsibility as an investor and will try to avoid putting Harvard money into companies which, in their opinion, are not socially responsible. Companies which have poor minority hiring records, or which blatantly disregard environmental concerns or follow other oppressive policies may be able to profit in the short run, but eventually will have to pay for the damages they have caused, Cabot and Putnam contend. Therefore, they say, such companies are not worthwhile long term investments...
Panic is an emotion that on Wall Street has long been attributed to the small individual investor. Last week the "institutional" investors-managers of mutual funds, pension funds, insurance companies, bank trust departments-who now dominate trading, showed that they are subject to it also. Their panicky unloading of Combustion Engineering, Inc. stock led to an astonishing price break...
Though the stock market is supposed to mirror major trends in the U.S. economy, every experienced investor knows that the reflection is often distorted, to say the least. Rarely if ever, though, have the profits of major companies and the prices of their stocks gone off in such totally opposite directions as they did during...
Okun said large corporations use big contributions as a means of gaining undue power. "Howard Hughes, who is a smart investor, regarded political contributions as in important part of his investment portfolio," he said...