Word: viewing
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Several American banks which in the past have made loans to the South African government have ceased to make those loans and so announced it publically; a number of others have not made such public announcements but in fact have stopped making those loans. Those loans are, in the view of the Harvard Corporation and the ACSR, direct support--or direct enough support--of the apartheid system to be stopped, for us to want to stop them...
...think the answer to that question should be no. The reason is that while the existing assets will be used, if not by us, then by others, it seems to me no reason to expand the assets and the wealth of the South African economy by investing now in view of the serious risks. Conditions will deteriorate in that country in the very near future, and those assets will be used to the detriment, rather than the benefit, of black South Africans...
Secondly, it removes us from the dialogue and substantially diminishes our ability to support responsible efforts by church groups, the Rev. Sullivan, and others to make the companies change their policies. It produces no noticeably long-run economic effect on the companies so that from the point of view of direct economic leverage, the only leverage is the one that comes back to us. I share, and this is a personal view. I share the reservations about the use of economic leverage that were expressed in President Bok's recent open letter to the Harvard community...
...this spring with respect to the South African issue, assuming that there is no change in the policy of the Corporation. First, in January, the ACSR issued a report on the question of actions that a university should or should not take as a shareholder. I'd like, in view of remarks that have been made about this report, to say several things about...
...would not be averse to voting against management on resolutions that were introduced with respect to these companies concerning their South African operations on the ground that we have no information telling us they're doing anything beneficial in that country, or, to be specific, it is my current view that if requests for information from those companies have not been responded to, a motion for withdrawal is put to the corporation in the form of a shareholder resolution, I would be inclined to support it, and I think there are a number of other people who feel the same...