Word: stockely
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Dates: during 1970-1979
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...Southern Africa Solidarity Committee (SASC). After four weeks of thoughtful dialogue, the members of this new student group voted to demand that Harvard support, and where necessary, initiate shareholder resolutions calling for the withdrawal of U.S. corporate investment from South Africa. It also demanded that Harvard sell its stock in targeted companies lending support to South Africa, starting with the commercial banks that make direct loans to the South African government...
...DATE, HARVARD has paid little more than lip service to the social issues involved in the maintenance of its $1.4 billion portfolio. In 1972, when President Bok explained why the University would not meet student demands and sell its stock in the Gulf Oil Corporation, then a leading financial prop of the Portuguese colonial regime in Angola, he argued it is not normally wrong to hold stock in companies engaged in repressive activities "in view of the constructive actions a shareholder can take...
PARTICULARLY AMUSING is the use of props. During the stock market scene, as the quartet bewails the fickleness of finances, Cookie Harlin sings the words from the ticker tape. Later on, the group marches out in their ties and tails, then cavorts around the stage in an outrageous array of feathers and jewels--gaudy enough to make Flo Ziegfeld envious...
...proposals urge the Corporation to sell all stock it owns in commercial banks that lend to the South African government. The SASC also asked the Corporation to support or sponsor a shareholder resolution that would curtail companies' operation in South Africa...
Last Wednesday, the Corporation sent letters to the 50 companiers with holdings in South Africa in which it owns stock, outlining its policies on U.S. corporation operations in South Africa. The Corporation's letter emphasized the role of companies' employment practices in upgrading the conditions of non-white workers in South Africa...