Word: palc
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Dates: during 1972-1972
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...African Liberation Committee (PALC) also planned a protest over Harvard's holdings of $680,000 worth of Gulf Oil Corporation stock, which was to include a mass walk-out by black students...
...April, 34 black members of PALC and Harvard-Radcliffe Afro occupied Massachusetts Hall for six days, charging that Harvard's Gulf stock holdings implicated it in Portuguese colonialism in Angola and Mozambique. None of the 34 were punished by the University in disciplinary actions completed last week...
Harvard's decision to retain its 683,000 shares in Gulf, after the Pan African Liberation Committee (PALC) had reasonably appealed to the University for a publicly announced sale, was doubly irresponsible. For it came with a refusal even to cast a vote of no confidence in the management of Gulf at the annual stockholders' meeting. Instead, the Corporation made a deal with Gulf to abstain from voting for the disclosure of information on Gulf's operations in Angola in return for a voluntary yielding of that information...
...after these decisions that PALC occupied Massachusetts Hall...
...irrelevancies such as "I am revolted by the colonialism of the Portuguese government in Angola," while the Corporation played Eisenhower by announcing that it would Go to Angola, or at least send a representative "to provide us first-hand information on Gulf's performance" (though the information provided by PALC and Farber left little in doubt). In defending the Corporation's stand against divestiture. Bok pointed out that life is a web of guilt-by-association, equating Harvard's Gulf investment with personal income tax payments which support the Vietnam...