The leaflet says on Friday, November 7, starting at 1:30 pm, the UH Board of Regents Finance Committee will meet at Hemenway Hall to take public testimony regarding UH investments in corporations that ·do business in South Africa. If you care about justice, decency, and morality you should call the BOR secretary now to reserve a place for your testimony. The leaflet says even a minute or two of testimony to register your feelings is fine; thus far virtually every major political figure in the state, including the governor-elect, is on record in favor of divestment; so is every major campus organization-including ASUH, the Faculty Senate, and the UH Professional Assembly; the BOR is...
The leaflet says on Friday, November 7, starting at 1:30 pm, the UH Board of Regents Finance Committee will meet at Hemenway Hall to take public testimony regarding UH investments in corporations that ·do business in South Africa. If you care about justice, decency, and morality you should call the BOR secretary now to reserve a place for your testimony. The leaflet says even a minute or two of testimony to register your feelings is fine; thus far virtually every major political figure in the state, including the governor-elect, is on record in favor of divestment; so is every major campus organization-including ASUH, the Faculty Senate, and the UH Professional Assembly; the BOR is undecided only because one man-Albert Simone-insists on supporting companies that work with the bloody and most racist totalitarian regime in the world. The leaflet says for your information, here are Simone's major reasons (or so he says) for his lonely and peculiar position--followed by sate answers. The leaflet says in an October 30, 1986 letter to BOR Chair Gladys Brandt, Senator Daniel Inouye urged the Regents to divest totally and immediately. The leaflet discusses Chief Gatsha Buthelezi, Nobel Prize winner Desmond Tutu, the Congress of South African Trade Unions (COSATU), the World Council of Churches, the South African Council of Churches (SACC), the United Nations General Assembly, the Internal Security Act, Winnie Mandela, General Motors (GM), UH (University of Hawaii), the Calvert Social Investment Fund, Dreyfus Corporation's Third Century Fund, IBM, Coca-Cola, Motorola, and Proctor and Gamble. • 1. Simone says that many Black South African themselves are opposed to divestment. • 2. Simone says that divestment will hurt Blacks and won't hurt the South African government. • 3. Simone says he believes in the "Sullivan Principles" and that to divest now would violate those principles. • 4. Simone says the BOR would be financially irresponsible--and maybe even legally liable--if they divested now, instead of waiting for a later more "appropriate" time. • 5. Simone says it is too hard to move so much money so quickly. • 6. Lastly, Simone says divestment plays into the hands of communists and revolutionaries, claiming that it will lead to foreign policy disaster for the U.S. [Note: ASUH is Associated Students of the University of Hawaii Manoa.]
