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Officials Reaffirm South Africa Stock Policy

News Analysis

In a unanimous vote taken last week, the ACSR sent to the Corporation a recommendation that Harvard must consider its ethical position before buying the stock. In two strongly supported votes, the committee supported the use of the Sullivan principles as minimum standards for treating companies in which Harvard either owns or wants to own stock.

Calkins said he did not think the idea was feasible but that the Corporation will still discuss the possibility of adjusting its current policy in its meeting today.

Inciting Activism

Campus activists said that Calkins' statement of Harvard's investment policy helped to trigger their protest movements. Alan L. Jackson '84, a spokesman for the 30 students and one professor who fasted for seven days to demand Harvard's total divestiture from South Africa, said that Calkins' statement represents Harvard's decision "to be on the wrong side of the ethical issue."

Calkins' statement does not reveal a change in the University's policy for the past six to seven years. Michael T. Anderson '83, a member of Southern Africa Solidarity Committee (SASC) said yesterday, adding that Harvard "makes its investment policy solely to earn profit."

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Anderson also said that Calkins' explicit confirmation of Harvard's investment policy has enabled campus groups to get together and demand changes in the University's South African policy.

Plateau

Calkins acknowledged that there is a problem in Harvard's ability to monitor companies operating in South Africa, adding he "is quite in sympathy" with the issues the hunger strikers and the other protesters.

By divesting Harvard would lose its opportunity to help improve conditions in South Africa, Calkins said.

"We must figure out how to be selective and identify companies that need to be urged to improve their labor practices, Calkins added.

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