Word: ratner
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...sole undergraduate representative to Harvard's Advisory Committee on Shareholder Responsibility (ACSR) I feel compelled to respond to Jonathan Ratner's indictment (May 25) of Harvard's investment policies in South Africa. Mr. Ratner has painted a picture of a monolithic Harvard Corporation which "completely ignore[s] the moral indignation of the students" by investing in companies with activities in South Africa. Further, the Corporation, he states, consistently votes against or abstains on shareholder resolutions which would have the effect of reducing these companies' activities in apartheid South Africa. This picture is just plain incorrect...
...that a complete withdrawal of American companies from South Africa would not, at this time, be the wisest course (a view which I personally do not share). The ACSR felt that the issues of withdrawal or non-expansion are best dealt with on a company-by-company basis. As Ratner points out, "a few corporations have aggressively challenged apartheid regulations," and these the ACSR feels can often be a positive force for change in South Africa. Other factors the ACSR has considered are employment policies, nature of business (e.g., mining as opposed to distribution), and who would be hurt most...
...light of these views, the ACSR has recommended varying responses to the Harvard Corporation in regard to six South Africa-related proxy issues this year. Ratner has reported on two of these, Manufacturers Hanover Bank and General Electric. On Manufacturers, the ACSR faced the South African question for the first time over the issue of further loans to the South African government. Other than agreeing that we felt Manufacturers should establish a policy of assessing the likely social impact of each loan to the government, the ACSR could not agree on how to recommend to Harvard to vote its proxy...
...vote Ratner fails to point out, however, is the ACSR and the Harvard Corporation's favorable vote on a proxy issue at Union Carbide. This proxy would have required Union Carbide to stop all further expansion in South Africa if passed by a majority of Union Carbide shareholders...
...written by drugaddicts deWitt is really an escaped loon from a bin in southeastern Massachusetts a renegade from a world that won't even accept yogurt culture let along drug culture the Dead are already sold out but you still might be able to buy some tickets from Ratner's roommates Margie Adams Little Feat Joan Baez April 15--17 May 13 May 21 Jordan Hall the Orpheum the Orf did you figure that one our Garland Jeffries at the Berklee Performance Center on April 17 and you can't take grandma grandma nonono I won't list any sales...