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I. XC, No. 96
Ann Arbor, Michigan-Sunday, January 27, 1980
Ten Pages plus Supplement
Divestment in South Africa profitable for MSU
BY JOYCE FRIEDEN
With wire service reports
The Michigan State University (MSU) Board
Trustees' decision to divest the University's
dings in companies doing business in South
Africa resulted in a net profit of almost $1
million, according to Trustee Ray Krolikowski,
investment committee chairman.
MSU completed its divestment procedures on
Jan. 3, 20 months after the Board voted in favor
SOUTH AFRICA'S treatment of its black
citizens was the major consideration in the
Board's pro-divestment stance, according to
Trustee Blanche Martin. "Most of us were con-
cerned with human rights. We felt that most of
the governments that were doing business in
South Africa didn't have the slightest intention.
of being humanistic, and we didn't want to do
business with them," Martin said.
According to Martin, the only dissenting vote
came from Patricia Carrigan, whose term ex-
pired in 1979. "Carrigan felt that if the coun-
tries doing business in South Africa agreed to
follow the Sullivan Principles (a set of anti-
discriminatory guidelines for U.S. companies
doing business in S. Africa, then we should
divest," Martin explained.
Most of the MSU students and faculty were in .
favor of divestiture, Martin said. "In the
beginning we did get a flood of mail against
divestment. People felt that if we were going to
lose money by divesting, then we weren't
upholding our duties. They said the university's
interests should come first."
TO AVOID losing money during divestment,
the University practiced what Martin called
"prudent divestiture" - divesting only when
the particular stock involved was profitable to
sell. It was for this reason that the actual
divestment process took so long, according to
Martin. "We wanted to minimize our losses and
protect the university," he said.
To aid MSU during divestiture, the Board
used the services of Scudder, Stevens, and
Clark, a financial consulting firm based in Cin-
cinnati, as well as various University officials,
in making their decisions, Martin explained.
Martin emphasized, however, that monetary
gain was of little importance in the Board's
decision. "At the time we decided, we thought
that we might be losing some money, but we
were willing to make the sacrifice because the
human rights issue was more important," he
MSU EXPERIENCED few financial reper-
cussions following its decision, Martin said.
Dow Chemical, which provides MSU with some
grant and scholarship funds, sent a letter
threatening to withdraw its financial support,
but no other action has been taken, he said.
THe other companies from which MSU
divested include: Coca-Cola, PepsiCo, General
Motors, Citicorp, Upjohn, Eastman Kodak,
Ford Motor, IBM, Minnesota Mining and
Manufacturing, Exxon, Xerox, and Eli Lilly.
According to Martin, the Board is satisfied
with the results. "We are pleased with the way
everything turned out," he said. "MSU
assumed a position of leadership by
divesting ... we hoped that maybe other
universities would follow our lead and divest."
backs Carter's plan
COLORADO SPRINGS, Colo. (UPI)
- The U.S. Olympic Committee
(USOC) last night voted to support
President Carter's proposal that the
1980 Summer Olympic Games be tran-
sferred from Moscow or canceled, but
hedged on the issue of supporting a
After a day-long meeting, the USOC
voted 68-0 to support Carter's position
that the Summer Games be transferred
or canceled unless the Soviet Union
withdraws its invasion troops from
Afghanistan by Feb. 20.
THE VOTE followed a meeting
earlier in the day with Carter's chief
counsel, Lloyd Cutler, who told the
committee worldwide public opinion
against having the games in Moscow
Earlier in the day, Canadian Prime
Minister Joe Clark said his nation
would boycott the Summer Games
unless Soviet troops were removed
from Afghanistan before the deadline
set by Carter.
USOC President Robert Kane said
the committee had complied with Car-
ter's wishes in dealing with the issue.
But he said the committee did not take
a definite stand on whether it would
support a boycott.
HE SAID THE question of a boycott
would be discussed after the Inter-
national Olympic Committee acted on
the USOC resolution calling for a site'
other than Moscow or cancellation of
the games. He sai4 the USOC had until
May 24 to enter an American team in
the Summer Games.
"We are not finessing the issue,"
Kane said. "It (discussion of a boycott)
is simply not timely until after the In-
ternational Olympic Committee meets
and deals with this resolution."
The resolution stated, in part, that in
compliance with Carter's request the
USOC was directing its "officers and
staff to propose to the International
Olympic Committee that the 1980
Summer Olympic Games be tran-
sferred to another site or multiple sites,
or be postponed or canceled for this
"SUBSEQUENT TO action by the In-
ternational Olympic Committee on the
U.S. proposal, the USOC shall meet to
consider appropriate action to be taken
by the USOC under such circumstances
as may exist at that time."
After his meeting with the USOC,
Cutler said he was confident the com-
mittee would endorse a boycott.
"Worldwide public opinion is growing
that Moscow is not a fit place to hold the
Olympics this year. You only have to
look at the 386-12 vote in the House of
Representatives this week to get an in-
dication of how the American people
feel," he said.
Daily Photo by MAUREEN O'MALLEY
These three students helped to demonstrate last night that when art students are invited to a masked ball, few are tem-
pted to arrive in something as plain as a ski mask. Hiding behind mirrors, stars, feathers, and even temporal scenes, a
semi-formal gathering of students, Caculty, alumni, and guests dined and danced ;
Soviet soldier killed
lb~ ni r n b
at the Art School until the stroke of
Iran elects Bani S
By United Press International
Snipers killed at least one Soviet
soldier in Kabul and Western diplomats
in the Afghan capital said they are
hearing reports that Moscow is unhap-
py with the regime of Babrak Karmal
and may replace it after only one mon-
In another blow to Moscow's prestige
the Moslem world, pro-Moscow
ibya atinounced it will attend an
Islamic conference opening in Pakistan
today to denounce the Soviet invasion of
AND IN Iran, the man likely to become
that coudtry's first president - Finan-
ce Minister Abolhassan Bani-Sadr -
said that if elected, he will give military
assistance to the Moslem rebels
fighting to oust the Soviets from
"Faced with the Soviet Union, we will
d the Afghan people with all the
means possible in Iran, including
military means," Bani-Sadr told the
French newspaper Le Matin.
"I hope the Russians will be prudent.
They have already lost their image in
tran," he said.
DIPLOMATS IN Kabul said the
Soviets, faced with growing opposition
to their presence and a government
at is apparently incapable of stem-
ing it, may be thinking of replacing
Babrak, the man they installed as
president after last month's coup.
Reports reaching Washington also
indicated that the Babrak regime, rid-
died by internal divisions and personal
enmities, may be on its way out.
"Rumors continue to circulate in
Kabul that the current president will be
replaced soon," said State Department
s a11 aC1>*L I
spokesman Hodding Carter.
"We have reports that a number of
additional Soviet civilians advisers
have recently arrived in Afghanistan,"
See SOVIET, Page 7
By United Press International
All but claiming victory in Iran's first
presidential elections, Finance
Minister Abolhassan Bani-Sadr said
yesterday that as president he will
quickly settle the "minor" siege at the
U.S. Embassy and send military aid to
the rebels fighting Soviet troops in
In interviews with a French
ne'vspaper and reporters in Tehran,
Bani-Sadr called the 84-day-old oc-
cupation of the U.S. Embassy a "minor
affair ... that easily can be solved."
EXUDING CONFIDENCE as his,.
lead in the eight-way presidential race
mushroomed to 80 per cent of the
tabulated vote, the 46-year-old Sorbon-
ne-educated economist also told the
French newspaper Le Matin that Iran
feels threatened by Soviet troops in cast by Tehran radioa
neighboring Afghanistan and will aid London by the BBC, t
Moslem rebels there "with all means the United States -
possible, including military means." Union - was Islam's'
But the militants holding 50 one" and that the host
Americans hostage in the U.S. Em- free until the depose
bassy appeared to take issue with Bani- tradited to Iran froml
Sadr's assertion that the 12-week-old exile to face trial and c
crisis could be quickly settled. TEHRAN RADIO re
In a statement of their own, broad- See BANI-SAD]
and monitored in
he militants said
not the Soviet
ages would not go
d shah was ex-
ported that Bani-
PR, Page 7
SPA R TA ACU I AA (;U E IlOT ES T C A H T E S AT (YIIONS:
BY BETH ROSENBERG
President Carter's proposed draft
registration is a political move to stir
up anti-Soviet feelings, according to a
Spartacus Youth League (SYL)
spokesperson at the group's anti-draft
rally yesterday afternoon.
Amidst a small crowd of curious
passers-by, more than 30 SYL members
chanted "Not a penny, not a man for
Carter's war drive," and "Oppose Car-
ter boycott, Olympics in Moscow", on
the corner of S. State and N. University.
SPOKESMAN Brian Manning said
the SYL supports the Red Army's in-
vasion of Afghanistan - a sentiment
which he said cannot be considered
separately from the anti-draft issue.
"The Red army will smash the CIA-
backed Mullahs in Afghanistan," Man-
ning said. "We're against the CIA and
against buying and selling women like
Literature distributed by the SYL
states: "The Soviet Union is fighting a
just war ... (by) quelling an uprising
by reactionary Islamic Mullahs who
want to keep the Afghani masses in the
MEG GRIFFIN, a member of the
national SYL committee, said the
Soviets represent social progress in
Afghanistan. Ninety-eight per cent of
all Afghans are illiterate, she said, and
the women are bought and sold like
slaves. Griffin said the Soviet takeover
will improve conditions in the country.
SYL, according to Griffin, does not
always support Soviet intervention. She
cited military moves in Ethiopia as one
strategy the group did not favor.
Carter's alleged attempt to create an-
ti-Soviet feelings is a move to divert at-
tention from problems in the United
States such as unemployment and in-
flation, Griffin ,said.
"IN HIS STATE of the Union address,
Carter didn't mention the economy.
Carter can't do anything - he's a
"He's trying to create anti-Soviet
hysteria - he's crazy," Griffin added.
SYL Member Irene Rhinesmith said
Carter is talking "as if World War III is
ONE STUDENT who attended the
demonstration said he was expecting a
different kind of rally.
"Hail Red Army seems a little ex-
treme," LSA sophomore Steve Christ-
man said. "(The demonstration) seems
to be an extreme edge of sentiment
(supporting the Soviets)."
Manning said he hasn't seen a split in
student ojinion on the draft reported on
campus. "Jerry Brown got thunderous
applause when he criticized Carter's
move. That's the student viewpoint.
"CONGRESS applauded (the move)
because (they aren't) going to be in the
sands of Afghanistan and the now of the
Some bystanders shook their heads
as they observed the picketers, and one
person yelled "God Bless America" as
he passed the assemblage.
Rhinesmith said other area anti-draft
groups were invited to participate in
the rally and were offered the oppor-
tunity to justify why they oppose the
draft. But, she said, most "were afraid
of some of our signs."
SPEAKER CHARLES DuBois,
member of United Auto Workers Local
600 (River Rouge plant), said he thinks
Carter is frustrated by the Afghan
See SYL, Page 2
Daily Photo by MAUREEN OMALLEY
Chanting "no war," yesterday's demonstrator's marched across the diag to
protes't Carter's plan for draft registration. The demonstration, sponsored
by the Spartacus Youth League, expressed concern over the possible Olym-
pic boycott and Carter's foreign policy.
spokesperson said .the act was "clearly political exclusion"
and that tier group allowed everyone into their public
discussions "except Nazis, fascists and the Klan." The
discussion inside Angell Hall Auditorium .B centered
around the crimes of the deposed shah and speakers
stressed their continuing support for the revolution in Iran.
Both the SYL and RCYB criticized the Khomeini regime
currently in control of Iran. n
Ayatollah's little green book
As early as next Friday you could b'e the proud owner of
a thin, 125-page volume outlining the wit and wisdom of
and of England and the president of the United
States .. . are infidels" who seek to "fulfill sordid persorial
ambitions," it says, adding elsewhere, "Europe is nothing
but a collection of unjust dictatorships." n
He's still The Greatest
Time, age and fat may have taken its toll on former
heavyweight boxer Muhammad Ali, but the ex-pugilist
proved yesterday he can still knock out an audience. The
self-proclaimed "greatest fighter of all time" managed to
upstage the heads of state of India and France at Republic
after a branch of California First Bank was robbed of the
grand total of $1.10. Gomez, 27, was booked in the
Metropolitan Correctional Center for investigation of bank
robbery. The arresting officer, Roger Warburton, said he
found the unaccounted-for money and something else in
Gomez's car - a book entitled "How to Prosper in the
Coming Bad Years."
On the inside
A Mosher Jordan house council president criticizes the
University for failing to publicize a meeting about dorm
rate increases on the editorial page. . . and reports of the
V v wv
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