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Protesters help bring changes to divestment policies at KU
University Daily Kansan / Wednesday, September 7, 1988
By M. Meredith Relph Kansan staff writer
Kansan staff writer
Campus protests against the involvement of U.S. companies in South Africa have enjoyed a measure of success, with modifications made in investment policies for the Kansas University Endowment Association
Ted Deysom, KUEA president,
said the attention given divestment
via student protests influenced the
research made concerning investments.
“If we have a choice of two investments that would benefit our portfolio equally, we’ll take the one that has the highest return in South Africa,” Seymour said.
"Also, we deal only with businesses who employ the Sullivan principles," he said.
The Sullivan principles, established by Rev. Leon H. Sullivan, are standards used to guide investments by U.S. companies in South Africa. Companies that adhere to the principles agree to integrate employees, facilities and equipment into practices and increase the number of non-white supervisory personnel.
Seymour said several U.S. corporations had removed themselves from South Africa.
other corporations, including Ford Motor Company, one of the largest U.S. corporations, remain in South Africa. Ford subscribes to the Sullivans
van principles, Seymour said. More than 4,500 people are employed by the car manufacturer in South Africa.
Protesters have been primarily concerned with human-rights issues in the racially segregated nation.
Seymour said companies with interests in South Africa did not necessarily support apartheid.
"American companies have done good things for black workers in South Africa," he said.
Most companies were only interested in providing security for their investors and good returns on the investments. Seymour added.
"It's really a fiduciary judgment rather than a moralistic one," he said.
On the KU campus, a sit-in was held in强 Hall, a group of students camped out in front of the KUEA, and last spring a KU student gave up hunger strike, all to generate support for divestment from South Africa.
Chuck Munson, 1988 KU graduate and Lawrence resident, worked at KU to bring attention to South Africa's situation.
Musson said that campuses are not as active today as they had been in the late 1790's or early 1800's with the anti-aparthray campaign.
"Lots of people were satisfied with the sanctions, passed by Congress,
but were frustrated with the Endowment Association," Munson said. "I think we brought attention to the issue on campus.
non Jerry, written of divestment in South Africa, wrote about his experiences. He said the pace of corporate withdrawn from South Africa had quickened.
"Now, any investor can have a South Africa-free portfolio," Jerry said.
People who did not support divestment said that it was too expensive for companies to pull out of South Africa. Mr. Rohde is not necessarily the case, he said.
"It's possible to divest from all companies in South Africa and have no adverse affect on the rate of return for investments," he said.
Jerry said the withdrawal of company from South Africa could be attributed to his belief that the subject via protests. But he added that divestment was no longer a long-term goal.
"The national clamor seems to have subsided in recent months, probably due to the withdrawal of so many companies." Jerry said.
Munsion said although he was mainly concerned with the state of apartheid existing in South Africa, the evidence was a tool used by protestors.
Ex-KU employee wins lottery game
Woman's losing ticket a winner
By David Stewart Kansan staff writer
The "Kansas Lottery Live" game became a former KU custodian's fort of love Saturday.
Josephine Gielfer, a Lawrence resident for 44 years and a KU custodian who retired five years ago, won a $2,500 grand prize with a spin of the wheel. She and her husband couple have Jo and J'Ontains. 628 N. 2nd St.
"I'm still on cloud nine," Gfeller said yesterday.
On "Kansas Lottery Live," contestants are selected from a pool of people who send in five non-winning Kansas lottery tickets. Contestants
spin a wheel marked with positive numbers one through four and negative numbers one through zero to collect to positive points and reach the top of a $23,000 scoreboard
Giffler's rise to lottery riches began with a trip to her neighborhood grocery store.
"I got my groceries, and I had a dollar left over." Geller said. She decided to spend that dollar on a lottery ticket.
Gfeller scratched off the ticket in her car. It was a $5 winner.
"I had nothing to lose, so I got five more tickets," she said.
None of those tickets were winners. Gfeller put them in an envelope and sent them to the Kansas Lottery.
Four days later, Gfeller was notified that she had been picked to appear in "Kansas Lottery Live."
"That was a thrill in itself," Geller said. "I've never done anything like this in my life. I was shaking like a leaf."
Gilleter, who worked at Hassinger for 10 years and McCullah Hall for 8 years, said what she would do with the money, except that she would pay some bills.
Geller should be getting the money within eight to 10 days, said Barbara Frick, public information officer for the Kansas Lottery.
"I won't know till I get it," she said.
All the money that doesn't go to the government, that is.
The Internal Revenue Service will claim 20 percent of the winnings and the state of Kansas will claim an ad allowance with about $19,000. Frick said
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