Word: murninghan
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Dates: during 1987-1987
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...licensing, distribution, franchising or trademark agreements. Firms can find the new way of doing business more profitable: running a subsidiary involves paying expenses for plant and equipment, while licensing arrangements do not. Some critics of apartheid, though, criticize companies for continuing to sell their products after divestiture. Says Marcy Murninghan, president of the social investment services division of Mitchell Investment: "Many of the American companies who said they were pulling out really weren't. These companies still benefit from a business involvement in South Africa...
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