Word: mobiles
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Dates: during 1980-1989
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Many activists had raised concerns over Mobil'sdivestment procedure because the company chose notto negotiate with the chemical workers'union--which represents about 1200 of the oilcompany's 1500 Black employees in South Africa...
...fact, the chemical workers' union and othersaccuse Mobil of misrepresenting its divestmentfrom South Africa. They charge that the companymay have sold its plants though it retainedlicensing agreements and allowed the new owner touse the Mobil logo...
...those charges against Mobil in many waysrepresent the substance of the new debate aboutwhat--if any--economic ties should be maintainedby companies that have formally divested fromSouth Africa...
This issue is not a completely novel one forthe University's money managers, though. Forexample, Radcliffe College, which maintains itsown $80 million endowment and owns close to $1million in Mobil stock, wrote a letter to the oilcompany in May, 1988, questioning its policies,according to Morrell...
...letter, Morrell wrote to Mobil's chiefexecutive, Allen E. Murray, asking him to adviseRadcliffe of the company's "position relative tothe sale of products directly to the [SouthAfrican] police and military." The letter saysthat "such information will enable us to determinewhether it is appropriate to continue to holdMobil in the College's portfolio...