Word: mobiles
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...Corporation yesterday voted to abstain on a Mobil Corporation shareholder resolution that would require Mobil to halt sales to the military and police in South Africa though the Advisory Committee on Shareholder Responsibility (ACSR) recommended unanimously last week that the Corporation approve the resolution...
...ACSR favored an identical resolution of Mobil stockholders last year. but the Corporation abstained on the proposal, which ultimately gained just over 3-per-cent approval at Mobil-enough to be automatically resubmitted for consideration this year...
Harvard contorls approximately $50-million-worth of Mobil stock...
which introduced it, said this week Mobil's statements in defense of its subsidiary's sales to the South African Police and Military are "amazing and outrageous...
...Mobil maintains in its official statement opposing the resolution that the "great bulk of the work of both the police and military forces in every country, including South Africa, is for the benefit of all of its inhabitants," The company adds that it would not fulfill an "image of responsible citizenship" in South Africa if it denied supplies to the police and military...