"Eight hundred students signed on to this," she said, referring to a campus petition encouraging divestment.
But some council members argued that divestment would be unsuccessful in changing the companies' ways.
"If we divest, someone else is just going to step right in [and buy the shares]. I don't think we're really going to make much of an impact," said Robert J. Baror '00-'01.
"I don't think there's legitimate proof that divestment works," said Brian R. Smith '02, who co-sponsored an amendment which instead encouraged the University to take a stand as shareholders and proposed a task force to look further into the issue.
Amendment co-sponsor Baror agreed.
"We can use our democratic voice within the companies as shareholders. I think this has a far better chance of success," he said.
Bradley L. Davis '01, chair of the council's finance committee, warned the council of the possible economic effect of such a large divestment.
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