Word: putnam
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Dates: during 1980-1989
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...Putnam, however, added that his personal support of a policy change did not mean that "the Corporation would unilaterally alter its policy without first consulting the Harvard community." Putnam also reassured students that he would not interfere with the independent review of Harvard's bank-loan policy being conducted by the Advisory Committee on Shareholder Responsibility (ACSR...
...Putnam's statements drew fire from undergraduates who charged Putnam and the Corporation with attempting to take advantage of a temporary lull in student activism in order to retreat from the sole concession they had made in April 1978, when 3000-plus protestors demanded complete divestitutre...
Furthermore, student members of the ACSR suspected that Putnam and other Corporation members who agreed with him were pressuring Milton Katz. Stimson Professor of Law and Chairman of the ACSR...
Katz, maintaining that Corporation members had not affected the outcome of the ACSR's deliberations, did acknolwedge that Putnam had "informally made his views known at a cocktail party...
With the brouhaha over investment policy expected to continue into next year, Putnam will continue to be the key actor. As Treasurer, it is his responsibility to assess what restrictions on University investments are "feasible" in light of the University's overall objectives. How much pressure he chooses to exert may well determine the outcome of the current review...