Word: divestmentã
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...other firms. Add to this the dynamic and quickly-changing nature of today’s business environment, and it becomes almost impossible for an institutional investor of Harvard’s size to completely separate itself from any segment of the global market. “Total divestment?? is little more than a pipedream because there will always be some link to a questionable company, no matter how tenuous.Given this reality, the best the University can do is to be as vigilant as possible in trying to avoid indirectly holding a critical mass of the stock...
...country. On March 1, the Harvard Darfur Action Group (HDAG), with the support of more than 20 University faculty members and instructors and 50 student groups, delivered a letter to interim President Derek C. Bok requesting a meeting with him to discuss a “model for targeted divestment?? from Sudan. “We got faculty support, we delivered the letter, and now we’re showing strong student support,” said Julie T. Shapiro ’10, the current president of HDAG. After Harvard announced its divestment from PetroChina and Sinopec...
...said Benjamin B. Collins ’06, one of the petition’s organizers. “But I think that Sinopec made it very clear that there needs to be more done in terms of divestment at Harvard.” The original petition for divestment??conceived in October 2004 by Collins and Manav K. Bhatnagar ’06—called upon Summers to publicly pledge that Harvard “will not invest in any corporation that conducts business with the Sudanese government for as long as Sudan is in violation...
...University for continuing to invest in companies that implicitly supported a morally reprehensible regime. Students marched, held rallies, and even constructed a replica shantytown in protest.Despite all the pressure, Bok continued to argue against divestment. In one of his infamous open letters, Bok wrote that “blanket divestment?? was a dubious policy in which the University would “deviate from its proper role, jeopardize its independence, and risk its resources with no realistic prospect of success.” However, Bok simultaneously allocated a million dollars for black South Africans to study at Harvard...
...with us.”One of the founders of the divestment wing of the Darfur Action Group, Manav K. Bhatnagar ’06, wrote in an e-mail last night that because the PetroChina divestment last year “established a precedent and set criteria for divestment?? that he thinks Sinopec meets, Bok’s views are irrelevant.“Bok’s objection to divestment was that a University’s money shouldn’t be used to create political change,” Bhatnagar wrote...