Word: disinvest
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...Perhaps it was a strange twist of fate—Harvard’s failure to disinvest, shanties in Harvard Yard, the fellowship programme for black South Africans, and my academic interests—that eventually brought us together,” Winslow wrote in an e-mail to The Crimson...
...largest and fastest-growing 401(k)-style funds in the U.S. If Senator Joseph Lieberman of Connecticut has his way, the TSP will soon radically alter the way it picks some of its stocks. Lieberman told TIME he will introduce legislation to give all TSP participants the option to disinvest in companies that do business in or with countries labeled by the U.S. as state sponsors of terrorism. That list currently includes Iran, North Korea, Syria and Sudan. "Terrorism is the greatest challenge to our security today, and the Federal Government is working night and day to prevent and prepare...
...famous September 2002 morning prayers address, Summers said that divestment—a drive urging Harvard to disinvest from holdings in Israel because of alleged human rights violations—and similar movements singling out Israel were “anti-Semitic in their effect if not their intent.” In that address, he expressed his concern from a very personal perspective, despite its strong impact on campus...
...South Africa has continued to be a focus for con-troversy, as well as a major public relations problem for many large U.S. companies. Last week, in a move that was of great symbolic importance even if of uncertain consequence, several major U.S. corporations announced that they would disinvest their South African holdings and leave the country. In the space of four days, plans for multimillion-dollar sell-offs were disclosed by General Motors, IBM and Warner Communications and privately confirmed by Honeywell, which officially admitted only that it was "considering" such a move...
...firms that disinvest in South Africa, however, by and large continue selling their products to South African customers, often through locally owned firms that buy out the departing company's assets (see box). These arrangements have so far prevented the U.S. corporate departures from causing the widespread loss of jobs, specifically black jobs, that South African officials had often predicted. The entire GM work force of 3,000, for example, 60% black, will stay on the job at the company's Port Elizabeth assembly plant under the new ownership...