Word: ponts
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...Advisory Committee on Shareholder Responsibility (ACSR) last night approved a shareholder resolution that would limit the Du Pont company's work with nuclear weapons...
...vote, with one abstention, the ACSR--which advises the Corporation on the ethical implications of Harvard's investment policy--voted to support a resolution sponsored by several Church groups that calls on Du Pont to half its management of the Savannah River plant. At the South Carolina plant. Du Pont produces plutonium and tritium for nuclear weapons, as well as conducting research on nuclear arms for the U.S. Department of Energy...
Harvard owns about $500.000 of stock in Du Pont, according to the latest University financial report, which covers the fiscal year ending June...
Despite last night's ACSR recommendation, it appears likely that the Corporation--which has the final say on how Harvard votes in proxy resolutions will abstain on the Du Pont resolution. Thus far this year, members of the Corporation have abstained on nearly all the nuclear weapons-related issues that have arisen in companies in the University portfolio. The Corporation last week abstained on a similar resolution--which the ACSR supported--calling on General Electric to end its management of the Pinellas nuclear weapons plant...
...student, who will lead Thomson-Brandt, an electronics and home appliance firm. A founder of the Socialist Party's vocal left wing, Gomez is probably the most ideological of the appointees. But his training and twelve years' experience as an executive at the newly nationalized Saint-Gobain-Pont-a-Mousson, a diversified glassmaker, give him impeccable business credentials...