Word: sasc
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With Harvard assuming the upper hand in the question over its investment, the SASC will most likely place divestiture in a "secondary position" to the committee's other efforts at promoting corporate withdrawal...
Student dissatisfaction with Harvard's investments re-emerged in the fall of 1977 when members of the SASC called on Harvard to divest of its holdings in banks loaning to the South African government and to urge corporations to withdraw from that country through shareholder resolutions...
...SASC will redirect its activities. It plans to join with other student anti-apartheid groups to provide material aid for Zimbabwe's Patriotic Front and to oppose a boxing match between the black American John Tate and the white South African Gerrie Coetzee. Rothschild says the upcoming fight "is being used as a ploy for white supremicist propaganda, with Coetzee billed as the 'Great White Hope...
...next fall, as members of the SASC circulated divestiture petitions, the Corporation encountered problems in implementing its policy as outlined the previous April. The Corporation noted that banks are reluctant to release information on their criteria for deciding whether to make loans. And it all but rejected a policy of initiating shareholder resolutions, saying resolutions requesting information were frequently justifiable, but those demanding action were often futile. December brought into question the effectiveness of the ACSR and its case-by-case review of corporations in South Africa. The undergraduate committee member charged the committee was undemocratic and tended to stall...
...committee will re-examine its strategy for divestiture but will probably wait for the Corporation to make the next move on the divestiture debate--an indication of the Corporation's successful handling of the issue last year. "When the University comes out with stands likely to anger students, the SASC will take the initiative to channel that discontent," Anthony Brutus '77-5 claims...