Word: withdrawals
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Dates: during 1970-1979
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...condemned for the socially irresponsible vote it will cast today on a shareholder resolution at the annual stockholders meeting of the General Electric Corporation. Harvard will vote to abstain on a resolution calling on General Electric--one of the most socially retrograde U.S. corporations in South Africa--to withdraw its operations from that country. While all U.S. investment in South Africa is undesirable, insofar as it serves as an economic prop for the morally abhorrent apartheid regime and continues a U.S. foreign policy in South Africa committed to American business rather than to the basic rights of a severely oppressed...
...apparent shift to a more active stnance, the Advisory Committee on Shareholder Responsibility (ACSR) Wednesday recommended that the Harvard Corporation support a series of shareholder resolutions demanding that one U.S.corportion withdraw completely from South Africa, and another company to stop proposed expansion there...
...broke with the ACSR on one resolution. Although student-faculty-alumni group voted in favor of forcing General Electric to withdraw totally from South Africa-one ACSR member this week cited the committee's belief that G.E. has shown a "complete lack of interest in the fate of the black South African worker"-Putnam decided Harvard will abstain on the resolution...
Putnam said yesterday he made the decision because he believes G.E. is a "responsible employer" and is "better than the European employer" who would move in and take G.E.'s place if it were forced to withdraw...
...industrial purposes. Finland's pulp and paper industry is trying a system under which it recovers its waste and reuses its water rather than drawing heavily on fresh supplies. Other countries require manufacturers and power companies to install closed-circuit cooling systems instead of allowing them to continually withdraw water from rivers or lakes...