Word: namibia
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...clear yet what the specific areas of controversy will be," Stephen B. Farber '63, special assistant to President Bok and the Administration's main man on shareholder issues, said last week. "But we expect some resolutions dealing with Namibia, and some of the other issues that were raised last year...
...prediction, as it turned out, seems altogether justified. Although the Corporation subcommittee abstained on a number of resolutions the ACSR endorsed, it didn't vote against any of them. And in the course of the Spring Harvard came out for disclosure of corporate activity in South Africa; withdrawal from Namibia, which South Africa rules illegally; and disclosure of political contributions by firms whose "records indicate" that the gifts are substantial...
Exxon plans to look for oil off the coast of Angola, the Portuguese colony on the west coast of Africa, north of Namibia. Activists--including black students who occupied Massachusetts Hall for a week last Spring in an unsuccessful attempt to force Harvard to sell its stock in Gulf Oil--have accused American corporations with investments in Angola of helping to maintain Portuguese rule there...
...supported the resolution for the same reasons we'd like American firms to get out of Namibia," Joel W. Motley '74, the chairman of the Student ACSR, said yesterday. "We don't think the interest of the corporation always coincides with the public interest, so we'd like them to look into their impact on the Angolan people...
Harvard voted its $6 million in Con Oil stock for a resolution to have the company stop searching for oil off the coast of Namibia, and against a resolution to have the company set up an energy policy committee, as the ACSR recommended...