Page 2-Friday, 'April 20; 19749-The Michigan Daily
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Brinkerhoff hits
SACFA plans
By HOWARD WITT
University Financial Vice-President
James Brinkerhoff on Wednesday sur-
prised the faculty " committee
examining South African divestment by
alleging that it had "drifted away"
from the task assigned to it by the
Regents.
Members of the Faculty Senate Ad-
visory Committee on Financial Affairs
(SACFA) said they were disturbed by
Brinkerhoff's comments. "We should
try to keep in mind that we are a sub-
committee of the (faculty) Senate
Assembly, not a committee of the
Regents," said SACFA member Harold
Johnson, professor of social work.
"IF THEY REFER a matter to us, it
is a wide-open ball game. I don't think
we are under any obligations to the
Regents," he said.
Brinkerhoff, whose unexpected visit
to QS
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to SACFA was prompted by a letter
written by a student on the committee,
warned committee members that the
Regents don't want "an extension" of
the March, 1978 SACFA report.
That report, prepared last year at the
Regents' request, recommended the
University divest its holdings in cor-
porations doing business in South
Africa that do not follow the Sullivan
Principles for racial equality.
SACFA WAS again asked by the
Regents to examine University divest-
ment policy after the disruption of last
month's Regents meetings by members
of the Washtenaw County Coalition
Against Apartheid (WCCAA).
SACFA members were surprised not
only by Brinkerhoff'sappearance at the
meeting, but also by his explanation
that his comments were prompted by a
letter sent to his office and each of the
Regents earlier this week.
The letter, written and sent by SAC-
FA student member Anne Fullerton,
stated, "SACFA has to date not covered
the same areas that the March Regents
resolution covers. Rather, we are
seeking to extend the scope of Univer-
sity policy on South African investmen-
ts."
Fullerton, a member of the WCCAA,
did not circulate the letter to members
of SACFA. According to Fullerton, the
letter provided a resolution -which the
Regents could discuss "if they found
themselves in a difficult position" at
their April meetings.
SACFA CHAIRWOMAN Patricia
Longe, professor of business ad-
ministration, said, "I'm a little sur-
prised at this approach directly to the
Regents."
Fullerton defended her letter, saying,
"I did not submit it to SACFA because I
had no guarantee that the issue would
come up."
Brinkerhoff's warnings to the com-
mittee interrupted what had been
steady progress toward completion of a
report to the Regents. McClenney com-
plained during the meeting,
"Brinkerhoff does his little spiel and
the next thing we know we're in an
uproar."
AFTER TWO hours of discussion,
SACFA members concluded they would
examine the divestment issue in
whatever manner they desire.
At last week's SACFA meeting,
progress had been so rapid that at one
point Longe remarked, "Wouldn't we
surprise everyone if we finished
today?"
It now appears that the committee
will finish its report in mid-May, accor-
ding to Longe.
BRINKERHOFF told SACFA mem-
bers "If the University were to divest
from every corporation (doing
business) in South Africa, the ability to
diversify the investment portfolio
would be greatly reduced. Any moves
which would reduce the stability of the
financial picture would affect scholar-
ships, instruction, research, and othe
areas."
The University has investments in 197
companies, 99 of which do business in
South Africa, Brinkerhoff explained.
By adhering to what he called "the
original concept of the SACFA report
(divestment only from those companies
which refuse to affirm the Sullivan
Principles)," the University will not
hurt financially.
See BRINKERHOFF, Page 20