ORONO. Me--The University of Maine recently began selling stock it owns in corporations that do business in South Africa. The Chronicle of Higher Education reported his week.
Such stock accounts for about $19 million of a total $10.2 million in managed investments in the University's endowment said Richard L. Harshman director of university grants and contracts.
A policy adopted by the university's board of trustees also requires sale of such stock included in a $10 million pension fund for non academic employees. The board decision requites divestiture of stock in any corporation that continues to do business in South Africa as long as that country maintains its policy of apartheid.
Compiled by James S. McGulre
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