Word: tractorized
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...There is nothing holy in the specific information being called for on South Africa, even if it is the churches' resolution," George F. Bennett '33, University treasurer, who also dissented last week when the Corporation voted to have Caterpillar Tractor disclose information on South Africa, said Thursday...
...where it will have to take a stand on the Church Project resolution), are GENERAL ELECTRIC (225,000 shares; April 25) and IBM (200,000 shares; April 30). The University will most likely support the resolution, since it voted for it last week in a proxy battle over Caterpillar Tractor's activities...
What evidence is there that the ACSR will adopt an increasingly more important and progressive role? To start, optimists may point to the committee's votes on Caterpillar Tractor and Phillips Petroleum proxies. The ACSR was unanimous in endorsing a request for Caterpillar's disclosure of data regarding South African operations, and in opposing Phillips's exploration for oil off Namibia's coast...
...theoretically possible that the jobs Caterpillar Tractor provides black Africans outweigh the harm done by supporting South Africa's present government through taxes and "charities." But the company's refusal to provide information necessary to evaluate its beneficence suggests that this is probably not the case, and the ACSR and Corporation were quite properly skeptical...
...resolution to force the company's withdrawal from Namibia, the southwest African territory that South Africa rules illegally and with the same rigid apartheid the government imposes at home. Until the Corporation follows the ACSR's lead on this and other matters, we will remain skeptical; but the Caterpilllar Tractor vote is at least a step in the right direction...