Word: stocked
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Dates: during 1970-1979
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...Spring and climaxed when 140 professors signed an open letter calling on the Corporation to push for corporate withdrawal from South Africa. After discussing the issue in two full Faculty meetings, professors that had advocated policies ranging from the initiation of stockholder resolutions to full, immediate divestiture from stock in corporations doing business in South Africa, eventually compromised on a graduated, five-step policy designed to bring about corporate withdrawal from South Africa. Under the terms underlined in the letter Harvard would stop investing in corporations operating in South Africa, support or initiate shareholder resolutions calling for corporate withdrawal...
President Bok, who said in an open letter this spring that divestiture of University stock in companies doing business in South Africa is unjustified, will award Tutu the degree...
...evils gripping the nation's economy, it is a low level of investment. The U.S. spends only 9% of its national income on capital in vestment, vs. West Germany's 15% and Japan's 20%. Consequently, the country is living off - and eating up - its capital stock. Its plants and machines are aging, its competitive edge in world markets is softening, its productivity growth is falling, and its prices are soaring. The surest way to return to noninflationary increases in living standards would be to enhance productivity, and the best means to do that is by stimulating...
...lines and persuaded bankers to stretch out $302.6 million of debt due next year. Chairman John Riccardo had previously renegotiated a $567.5 million revolving credit agreement with the banks, sold off most of the company's foreign operations and raised $250 million from a public offering of preferred stock. Now there is little left to sell, and Moody's and Standard & Poor's downgraded the company's credit rating in April...
...have often wondered what the Harvard Corporation would have done in the late 1930's-early 1940's if it had owned stock in American corporations with subsidiaries in Nazi Germany. Would it have adopted an investment policy similar to the one it now owns up to in South Africa and offered three or four scholarships to German-Jewish students to come to Harvard? That is a question that perhaps no one can answer with great certainty, but the present South Africa stockholding policy casts a dark fearful shadow over the answer...