Word: reinvestment
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Dates: during 1970-1979
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...CASE OF THE PALC and Afro takeover of Massachusetts Hall and their accompanying demands--that Harvard divest itself of Gulf, that it reinvest the money in the Cambridge community, and that the protestors be granted amnesty--is equally endangered by prevailing rhetoric. The Corporation's begrudging and long-overdo response to PALC's requests has been needlessly antagonistic and its statement that it is "not morally wrong" to invest in companies which deal in "repressive and in humane" actions is itself morally repulsive. Furthermore, Harvard's purported hope that it can initiate reform of Gulf policy by demanding further information...
...Thursday meeting in its enthusiasm--do not reflect the complexity of the present situation. Harvard can not promise to avoid "racist imperialist economic ventures in the future"--it can only hope to forego the worst of them. Similarly, while the occupiers are right to demand that Harvard reinvest in the community, until specific, income-producing instances are cited (after all, there are still those teaching fellows to feed) the sentiment remains Quixotic...
...True, the trustbusters could have given the company a tougher deal; for example, they could have forced it to sell off Hartford Fire instead of the lesser Avis, Levitt and several other companies. ITT stands to collect about $600 million from those sales, and Geneen figures that he can reinvest the money-mostly in Europe-in ways that will raise profits by 10% to 12% a year. But the trustbusters have forbidden ITT from making any major acquisitions in the U.S. for at least ten years, and that will crimp its imperial aims at home. Beyond that, the political cloud...
...thirds of industrial profits are controlled by 20 to 30 families in West Pakistan. The developers created this class of "robber barons" (in the words of the DAS' Papanek) with the expectation that they would have a high rate of savings out of their surplus income that they would reinvest. This reinvestment would increase the capital stock, raise the GNP and trickle benefits down to the rest of the nation...