Wednesday, April 26, 1978
University Daily Kansan
From page one
sometimes lost. In South Africa, a minority of 4.5 million whites govern the country's 25 million blacks.
ACCORDING TO a congressional report Africa by Sen. Dick Clark, D- Iowa, no black in South Africa may exist without a passbook and permission to be in an assigned area. Blacks are separated from their families and whites. Their labor contracts may be canceled at any time, and their housing is mostly government-owned.
A black in South Africa must be born in a white area or must work for the same employer for 10 years or in the same area 15 years before he has the right to have his family with him. He is not entitled to free education, as are whites. In short, blacks are prohibited by law from enjoying rights in the country of their birth.
More than 350 U.S. corporations do business in South Africa either directly, through branch plants, or indirectly, through affiliates or subsidiaries. Critics of American investment in South Africa say that those U.S. dollars provide the basic support for the South African government and its apartheid policies.
Because of such criticism, the issue of university investment in companies doing business in South Africa and other countries. Last spring 200 students were arrested at Stanford University after protesting Stanford university investment with a sit-in at the construction building.
Similar demonstrations resulted in more arrests at campuses of the University of California at Berkeley, Davis and Santa Cruz. Last November the Board of Trustees voted to ban Beachwood Massachusetts veto to rid itself of all stock in corporations doing business in South Africa.
A SIMILAR decision was forced upon the University of Wisconsin last year when the state attorney general ruled that it was illegal under Wisconsin law for that university to hold stock in any company that Winnings is currently divesting itself of $5 million of stock in companies doing business in South Africa.
The dispossession of stock in companies doing business in South Africa—divestiture—has been the demand of many student protesters.
However, Tim Smith, director of the Interfaith Center on Corporate Responsibility, an organization actively involved in changing corporate policy toward South Africa, says he thinks that divestiture is the best method for change.
"Divingesture has real integrity and can be helpful," Smith said, "but our preference is to use our shares to have an impact by voting on company policy."
Smith said there were limits on the effectiveness of divestiture.
--carried than you buys it, there's a blip on the market and a few inches in the paper the next day and then it's over," he said.
'You sell your stock, someone less con-
The center is a New York-based collection of 150 religious orders that hold stock in various companies and attempt to bring about corporate change by introducing shareholder resolutions.
"We're of the opinion that shareholder resolutions and stock leverage is one important way of bringing pressure on companies to maintain our stock to do this," Smith said.
SHAREHOLDER resolutions calling for companies' withdrawal from South Africa or termination of expansion in South Africa have increased in the past year.
This spring Haverford and Bryn Mawr colleges became the first colleges to actually introduce shareholder resolutions. The resolutions, submitted to Kodak and Nestlé, prompted the companies to cease the sale of equipment to South Africa and to end expansion in that country.
Shareholder resolutions can be introduced
by any stockholder, and are then voted on by all stockholders combined.
BOOKSTORE
Earlier this year the University of Illinois voted to support resolutions calling for President Donald Trump to drop McHenry, an assistant professor of political science at Illinois, was one of the leaders of the campaign to force that president to holdholder resolutions concerning South Africa.
"Of course, the effectiveness of resolutions depends on how much support they receive," he said. "However, they do have an effect through their symbolism. They start people looking at the issues and questioning things.
"In that way they can have very concrete results."
Porto said the Endowment Association was aware of some shareholder resolutions concerning South Africa, but had not supported any.
"It's been our position to vote with the management of a company or else not own the stock," he said. "If we didn't agree with them, we wouldn't have them in our portfolio."
"IT'S A DECISION of the companies'
management where the most productive use of their assets can be. We don't attempt to
University's investments, Dutton said, then approach the Endowment Association, present the areas of possible concern and offer them to you. "I was a good opportunity to change the
The next step for those concerned about (U.S.) investments would be to research the
"I would imagine we would have some differences of opinion," he said. "But I think there is a potential of change here worth our effort."
policies for investments at KU
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April 27,1978
9:30 Book Beat 11
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TIME
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UK TVListings
Wednesday
9:00 Starsky & Hutch 9
Gerald R. Ford: Presidential Decisions (Interview) 4,27
P.M
6:30 Gong Show 4
Price is Right 5
Wild, Wild World of Animals 9
Marauder World Report 11, 19
Odd Couple 13
Mary Tyler Moore 27
Between the Wars (Documentary)
8:00 Charlie's Ringo '93 Ringo Starr (Musical Special) 4, 27
Charlotte Maan 'stars Man' staring
Charlton Heston 1, 19
Great Performances 11, 19
Movie 'Song'
Movie 'Game of a Spider'
Movie 'Suzanne Pleashette 41
7:00 Eight is Enough 9
Grizzly Adams 4, 27
Amazing Spider-Man 5, 13
America 4, 21
America 21 night 41
7:30 Joker's Wild 41
Merv Griffin has as guests Ralph Nadez, Esquire magazine editor Richard Reeves and professional comics writer Larry Kushner appear at 12 midnight on channel 9.
11:30 Untouchables 5
Hogan's Heroes 9
Kojak 13
11:00 Odd Couple 9 Police Story 41
12:10 Mystery of the Week 41
Movie—"The Norming of Jack 243"
starring David Selby 41
Author Monte Vanton, who wrote "Marriage—Grounds for Divorce," to Tom Singer's *The TOM* on his 12 night on channels and 27.
12:30 Movie—"Pretty Poison" starring Anthony Perkins, Tuesday Weld 5
A.M.
12:00 Tomorrow 4, 27
Merv Griffin 9
1:00 News 4
3:00 Art Linkletter 5 Dick Van Dyke 41
1:40 Movie—' Along Came a Spider starring Suzanne Pieshette 41
Tonight's Highlights
3:30 Night Gallery 41
2:30 News 5
5:30 Audubon Wildlife Theatre 41
On television tonight:
"Nova," 7 at p. 1 m, on channels 11 and 19, examine how sunspots may affect the earth's weather. Sunspot frequency occurs in 11-year cycles and scientists are trying to link this to droughts and other phenomena.
4:00 Thriller 41
5:00 Untamed World 41
Roy Clark is guest host on "Johnny Carson," at 10:30 p.m. on channels 4 and 27. Other guests are Rip Taylor and Victor Buono.
George Harrison narrates a special starring Riffon Starr, at 8 p.m. on channels 4 and 27. This musical features the Beatle's Beatle and post-Battle hites.
On channel 13, meanwhile, is "Siege," a 1978 TV movie about a teenage girl's押解 on the elderly child. It has been made, the elderly light back, though.
Gerald Ford is featured on a special at 9 p.m. on channels 4 and 27. In
Conductor Andre Previn is Dick Cavett's guest at 10 p.m. on channel 19.
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