Word: racially
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Dates: during 1970-1979
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...divestiture of stock in these companies and national media attention all arise from tension between administrative profit-oriented stock decisions and student demands for strong action against firms helping support apartheid. Often the debate focuses on the possible benefits of U.S. corporations remaining in South Africa and pursuing progressive racial policies under apartheid. Other questions that loom large in the student-administration "dialogue" concern the role of U.S. banks in financing apartheid and the policies the U.S. government could pursue to help correct the South African government's outrageous abuses, if not to abolish apartheid altogether...
...conclusions of this research effort hardly support the popular business theory that American firms are a positive force in South Africa. These firms failed to take major steps to initiate progressive racial employment policies, the report says; in fact they have done less than South African law allows in the areas of equal employment opportunities and the education and training of non-whites...
...reveals the inadequacy of the notion of American corporations effecting reform while remaining in South Africa. In 1976, Clark sent questionnaires to 260 firms operating in South Africa, asking for details of their labor, promotion, training and wage policies. One might expect that firms with especially poor records on racial policies would not reply to these queries. In fact, only about 30 per cent of the firms responded. Of that 30 per cent, some gave very incomplete and sketchy answers, and even among the companies that supplied sufficient documentation and detail, the report states there is "little evidence that...
...Clark report recommends the adoption of a policy "to actively discourage American foreign investment in South Africa," and to work within the apartheid system to bring about changes in racial policies. It urges the denial of tax credits to U.S. firms in South Africa not actively striving to improve the lot of its non-white workers, the end of export-import bank guarantees of U.S. bank loans to the South African government, and the curtailment of Commerce Department activities directly or indirectly helping American firms choosing to operate in South Africa...
This week's meeting of the Harvard-Radcliffe Constitutional Convention may have ended on a friendly note, but other developments made it clear last week that racial tensions are alive and doing all too well at Harvard...