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SINCE 1839
THE UNIVERSITY DAILY KANSAN
THE WALRUS
FRIDAY, APRIL 11, 1986, VOL. 96, NO. 131 (USPS 650-640)
Clouds
Details page 3
Divestment policy requires companies to follow standards
By Tim Hrenchir
Staff writer
The Kansas University Endowment Association is now investigating one company in its investment portfolio that has not complied with the selective divestment policy it adopted early this year, the Endowment Association president said yesterday.
Todd Seymour, the president, said adoption of the policy had been evolving since 1978 but only became official this year.
"This has been in the process for a long, long time," he said.
The policy hadn't been publicized, Seymour said, because it is strictly an internal procedure.
"We sometimes don't realize what people know and what people don't know," he said. "This was one of the reasons why we just assume everybody knows."
Selective divestment is a policy in which investors demand that companies in their investment portfolio
that invest in So that set of stand theid. If a cor form the invest
Under the p Association danies it invest the Sullivan Pre comply with Sept. 9 execu fair and equal for firms dof Africa.
The Sullivan
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By Tim Hrenc Staff writer
Stan Harper
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Todd Seym Association pre was made early publicized beca matter.
By Lori Polson Staff writer
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staff writer
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companies investing in South Africa promote racial reform within their ranks.
Seymour said he would not release the name of the company that had not complied with either proposal, but he said its stock represented 0.2 percent of Endowment Association earnings.
Seymour said all but one of the companies the Endowment Association invested in agreed to follow Reagan's proposals and all but two signed the Sullivan Principles.
John Lamb, director of the Alcoholic Beverage Control, stood outside the committee door and shook his head. He had mixed feelings about the changes, he said.
TOPEKA — Call it a boost to the state's liquor image — or just its income — but an amendment to legalize Sunday beer sales was revived this year with only two days remaining in the session.
If a company does not sign either of the two proposals, Seymour said, Endowment Association staff will find out why, then make a decision whether to divest in the company's stock.
Seymour said that in certain situations, the Endowment Association might continue to hold stock in a company with South African interests that hadn't signed the Sullivan Principles, but such circumstances would be unusual.
The bill permits Sunday sales at conventions, concerts, golf courses, marinas, ractracks, sporting and special events.
For about nine years, the Endow-
What has been known this session as the happy hour bill was amended yesterday in the Senate Federal and State Affairs Committee. It was amended to allow the sale of beer at all stores licensed to sell 3.2 percent beer, except liquor stores, after 1 p.m. on Sundays.
Beer sales on Sunday debated
Staff writer
By Abbie Jones
Trivia
Continued from p. 4
had just defeated St. Johns 80-63 for the NCAA championship, the only one in KU history. The game, played in Seattle, wasn't over until 1:30 a.m. in Lawrence.
After the game, some fans drove through campus and through the city in their cars in a frenzied celebration.
"Stopping from time to time to voice yells and sing school songs, the students kept a continuous wave of sound going in the small hours," the article said, "and at one point raised the dean of men to demand a holiday from classes."
The article continues, "After executing a snake dance in front of the statue of 'Uncle Jimmy' Green, the students piled into cars, and with horns blaring, headed for the business district."
A story in the Sept. 9, 1955, issue of the Journal-World talks about the arrival of Wilt Chamberlain on campus. The 7-0 Chamberlain was heavily recruited, and when he decided to come to Kansas there were many accusations about illegal payments. Most came from coaches that had lost out on Chamberlain.
Chamberlain, the article said, was staying in the new Carruth and O'Leary dormitories on the west edge of campus where a special 7-6 bed had been installed.
In the practices before the season, Chamberlain lead the freshman squad to an 81-71 over the varsity squad. He scored 42 points.
With the opening of Allen Field House in March 1955 and the great play of Chamberlain, the
Journal-World reported Feb. 5, 1957, that Gov. George Docking was considering using gate receipts at the field house as a source of state revenue.
"Now Stilt, they should be making good money at the gate," Docking said.
See Trivia, p.23
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he the one who
definition
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Thursday, April 10, 1986
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Kansan Magazine
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