Word: tobacco
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Harvard divests from tobacco companies...
There is, however, another kind of divestment demand to which Harvard does sometimes respond: demands that trace the funding of evil back to Harvard’s endowment money. The call for Sudanese divestment was such a case, as were Harvard’s divestment decisions regarding tobacco companies, Gulf oil, and apartheid in South Africa...
...effect of Harvard’s divestment decisions, however, hinge on their place in a broader debate. Powerful as it is, Harvard alone cannot bring down the militias, or apartheid, or the tobacco industry. Harvard’s decisions have to fit within a broader movement. On apartheid, Gulf oil, and tobacco, other investors followed suit, and Harvard’s move carried large public weight. So far, Harvard’s divestment from Sudan has been largely neglected externally, and progress on Darfur has been slow. But at least as far as PetroChina is concerned, Harvard has done what...
While Harvard has a long tradition of morally responsible investing decisions—including its decisions to divest from Angola’s oil industry, apartheid South Africa, and tobacco stock—all these decisions were made on an ad hoc basis. This “Bok system” has several problems. First, the “exceptional circumstances” criteria for divestment forces the ethical responsibility debate to be rehashed from scratch each time a questionable investment is discovered in Harvard’s portfolio. Second, the current system means that reviews often do not occur...
...confidential report compiled by investigators working for a coalition of major U.S., European and Japanese tobacco companies indicates that North Korea has developed a highly lucrative source of hard currency: counterfeit cigarettes. The 11-page document, a copy of which was obtained by TIME, outlines in unprecedented detail the inner workings of this illicit business and the extent to which it may have led North Korea's rogue regime to ally itself with crime syndicates from mainland China and Taiwan...