Word: votes
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Dates: during 1970-1979
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Vellucci, the council's swing vote--who once filed a motion to institute vacancy decontrol--told a jeering crowd at the council hearing, "You're damn right I'm supporting rent control...If it's one thing I've got a reputation for, it's guts...
...letter restates the position of the Harvard Corporation that the best means to alter corporate behavior in South Africa and help South African blacks is "to vote as a shareholder and continue to communicate in other ways with management...
With investments of several hundred million dollars in dozens of corporations, Harvard must contend with a plethora of resolutions each year. This year, for example, the Corporation will consider 40 shareholder resolutions in more than 20 corporations. Before the Corporation votes on the resolutions, however, the Advisory Committee on Shareholder Responsibility (ACSR) considers each resolution and advises the Corporation how to vote. The ACSR will spend the next month discussing resolutions...
Before Bok established the ACSR, the Harvard treasurer decided how to vote the proxies. Before shareholder activism kicked up, this posed few problems. But in the early '70s, as the number of resolutions rose, then-Treasurer George F. Bennett '33 continued to routinely throw out the proxy statements, or vote with management. The University had no way to collect information on resolutions and make responsible decisions...
With divestiture essentially ruled out as a way to change corporate policy, the ACSR turned to the question of how to vote shares in Harvard's portfolio, specifically on resolutions calling for the withdrawal of corporations from South Africa. Unable to reach a consensus, the committee recommended evaluating the question of withdrawal on a company-by-company basis...