P an 43 Ninety-seven years of editorial freedom Vol. XCVII - No. 68 Copyright 1986, The Michigan Doily Ann Arbor, Michigan - Wednesday, December 10, 1986 Fourteen Pages 'U' By KERY MURAKA For the last two years, the has abstained from using its voting power to take stances o of social issues, and critic whether the University is socially responsible investing neutrality. The University could hav issues such as whether Easti should produce space weapons Exxon should continue oil Chile, whose regime has been numerous human rights violati The issues were amon shareholder resolutions b corporations last year by investors or groups of investo abstains AMI change corporate policies. University THE UNIVERSITY's Board of corporate Regents, however, decided in February n a number 1984 to abstain from voting on all social s question resolutions, except those involving South sacrificing Africa. In these cases, said University for political Investment Manager Norm Herbert, the University votes in favor of the Sullivan ve voted on Principles, a series of guidelines promoting man Kodak racial equality in the workplace. and whether According to Tim Smith, director of the drilling in Interfaith Center for Corporate accused of Responsibility, almost all shareholder ons. resolutions involving South Africa call for ig several corporations to pull out of the country. rought to Because corporations must stay in South individual Africa to practice the Sullivan Principles, )rs trying to the University has voted against these from corporate votes proposals. Such resolutions are mainly symbolic, said a spokesperson for the Washington- based non-partisan Investor Responsibility Research Center, because they have no binding power over corporate policy. For proponents of a resolution, the goal is to garner enough votes every year to keep an issue on the management's agenda. An abstention is not necessarily the equivalent of supporting corporate policies because votes are tallied according to the number cast, not the total number of shares in the corporation. BUT CRITICS, such as Smith and officials at universities which do vote, said that failing to consider proposed resolutions is irresponsible investing. "It's an obligation," said Pat Small, associate treasurer of the University of California system. "Shareholders are concerned about how well a corporation is being managed financially, but we have an obligation to make sure they're acting responsibly in the context of society. We feel that at the least we should take a look at each issue." Small said members of the University of California's Board of Trustees, the equivalent of the regents, are mailed shareholder resolution proposals and vote on them during their monthly meetings. Several other universities, including Harvard and Yale, have formed committees made up of faculty members, students, and administrators to examine each proposal and recommend a stance to their university's governing board. A spokesperson for the Investor Responsibility Research Center said most colleges and universities do not vote on shareholder resolutions concerning social issues, although most larger universities take a stance. "THERE'S NO neutral ground where morality is concerned. The University has a responsibility to look from whence their profits come," Smith said. Although Smith helps coordinate the drafting of many resolutions, he says his main concern is for shareholders to consider the See 'U', Page 5 profs. develop drug to relieve herpes By ELLEN FIEDELHOLTZ University researchers have developed a drug which they hope will help alleviate symptoms of oral and genital herpes. "There is no cure for herpes, but we hope this drug will help to control the problem," said Oral Biology Prof. Charles Shipman. Herpes is, an incurable viral infection characterized by recurring cold sores on the face or genitals. Transmission can occur when the sores are present. The new drug could help control lesions and lessen the possibility of transmission, Shipman said. University Health Services diagnosed 300 cases of oral and genital herpes last year, said Health Services director Dr. Caesar Briefer. "If anything, this number sounds low - many people are probably receiving care from family or private physicians," Shipman said. Shipman and his colleagues, Sandra Smith and John Drach, have successfully tested the drugs - derivatives of 2-acetylpyridine thiosemicarbazone - on laboratory animals. The drugs are applied as a lotion or ointment to the site of the infection. Existing herpes treatments are most effective when taken orally, but may produce unwanted side effects because they treat the whole body, Shipman said. "If you have a cold sore and just want to treat one See NEW, Page S Tuition guarantee p roposal' approved LANSING (AP) - The Mich- to keep tuitions down." igan Senate gave its long-awaited IN IT I AL L Y, the program OK yesterday to Gov. James would be limited to between 1,000 Blanchard's tuition guarantee plan. and 2,000 college contracts between By a vote of 32-0, senators parents and the state, Sederburg endorsed a revamped version of the said. A special governing board plan Blanchard first unveiled in would determine how those January. contracts would be distributed. The proposal is aimed at helping The legislation would let a Michigan families keep up with the parent, grandparent, employer or high cost of college. anyone else pay years in advance for IT WOULD let the parents of a child's tuition. But no payments a newborn, for instance, give the could be made unless the federal state between $2,000 and $3,000 in Internal Revenue Service agreed to exchange for a promise of four make the investments tax- years' paid college tuition and fees. deductible. The state. would invest the Without such an IRS ruling, the money, and by the time that infant program will not get off the was ready for college, the ground. investment would have grown to . That's one of two major safety cover college costs. valves added to the first-of-its-kind The measure sailed through the state program. House earlier this year but needs ANOTHER would guarantee final House agreement before that state taxpayers don't have to advancing to Blanchard for his foot the bill if the program can't signature. pay for itself. If college tuitions "I'm convinced it's a very good increase faster than the tuition fund idea," said Sen. William Sederberg grows, subsequent contracts would (R - East Lansing) and one of the cost more. If the program still architects of the compromise plan. couldn't pay for itself, it would be "I think the long-term effect will be dissolved and all money refunded. Doily Photo by PETER ROSS Last breath An unhappy umbrella rests on a trash can near Angell Hall yesterday. West Quad residents decry 'U' maintenance system MSA members petition to condemn Israeli' atrocities' By FAITH PENNICK Many West Quad residents are upset about what they called a virtual halt in maintenance services in certain houses. "It's a hell hole," said LSA freshman Mark Perin, referring to his room in West Quad's Allen-Rumsey House. Perin's door has a broken safety chain and a black mark where the peephole is supposed to be. Perin is also having trouble because the sink in his room has a leaky faucet that has been broken since he first turned it on in the beginning of the school year. Perin calculated that the sink has wasted approximately 24,000 gallons of water in three months. He called FIX-IT to report the problem on Aug. 31, the first of eight calls he has made to date. "We had no hot water originally, so we called them and they came the next day," he said. But after the repairman looked at the sink, he gave Perin an ultimatum: either the leak could continue, or the hot water supply would be cut off indefinitely. Perin opted for the former, and was told by the repairman that the part necessary for fixing the leak would be ordered and delivered in a month. "I gave them two months, then I called again. The lady who answered told me, 'Okay, I'll put it on the list.' I even called today (Monday)," he said. See RUMSEY, Page 3 By WENDY SHARP Sixteen members of the Michigan Student Assembly last night signed a petition condemning "recent Israeli atrocities and attacks against Palestinians and Palestinian institutions of higher education," but several assembly members deplored the petition as an unwarranted "political" attack on Israel. "It's political posturing that has no place in MSA," said assembly member Debbie Schlussel, an LSA freshman. "I was very insulted, offended, and appalled." The petition was "of purely one-sided context, a purely emotional reaction with a lot of factual information left out," said Hilary Farber, chairperson of MSA's Women's Issues Committee. Farber said many assembly members who signed the petition were not well informed about the Middle East. "People are responding to an attack on human rights but there is an obvious other side to it," she said. "I don't want to accept any one person's interpretation of Palestine and Israel." Assembly member Eric Schnaufer, who co-authored the petition, said, "A petition is a more appropriate expression than a resolution because it will be fowarded to the Israeli embassy in Washington." See MSA, Page 3 Farber ... condemns petition TODAY- We're off fter today's paper, we're going to be gone Arbor streets. The task of pickup is left to the Department of Street Maintenance. About one week before a street is cleaned, "No parking/Tow away zone" signs are posted, and cars must be removed for the two days stated on the signs, from 7 a.m. to 3:30 p.m. The city has no hesitation -INSIDE RACISM: Opinion airs criticism of Siegal's cartoon. See Page 4. I I I