Word: timken
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Dates: during 1970-1979
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...last three weeks the Corporation has voted in favor of shareholder resolutions calling on the Timken Company to withdraw from South Africa, urging Phillips Petroleum to implement the Sullivan Principles and requesting that Exxon not expand into uranium mining in South Africa--all on the recommendation of the ACSR...
...although the Corporation called on the Timken Corporation to withdraw from South Africa because it refused to provide information on its practices there, it has not asked 12 other recalcitrant companies to withdraw because of its policy against initiating shareholder resolutions...
This week the Harvard Corporation called on the Timken Company to withdraw from South Africa. The decision followed the release of President Bok's second open letter that terms divestiture unjustifies and contends that the most effective way to alter corporate practices in South Africa is by voting on shareholder resolutions and communicating "in other ways with management...
...Corporation's decision regarding Timken followed the company's refusal to provide information on its practices in South Africa...
Hugo Uyterhoeven Timken Professor of Business Administration Harvard Business School Cambridge, Mass...