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r1 I ET 117 IR prto TUESDAY,,~~~~~~~~~~~~~ FEBRUARY 15 1972-- ff MIT.,,,w ACAMBRIDGE, MASSACHUSETT'I''S. -- rive vEeNTS FLUME 92 NUMBER--4 -- , .-.- -- -. --- , ---- - -- - --- - - - ( ommittee to re-examine t' 4rl . f MIT(stchlns -f 11- -~~ ~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~~ W-OkI. By Norman Sandler items covered by these public issue before the Committee, The General Motors proxy interest proposals ranged from whose membership involves a fight of April, 1970, which safer products to minority hir- wide range of opinions on what brought confrontation between ing,and the object of the fight the social reponsibiliity is. students, faculty, and members was to persuade large institu- Some of the thoughts of of the Corporation Joint Advi- tions owning GM stock to use members of the Committee were sory Committee (CJAC) on what their strong influence -(in the that social responsibility should to do with the lnstitute's vast form of proxy votes) to insure be judged on the particular cor- stockholdings may be long gone thatthe measures passed. poration's actions toward pollu- and forgotten, btit the same tion, product quality and safety The fight involved a group (a major issue during the GM underlying question of the organized by Ralph Nader, the- proxy fight has again arisen - controversy),, and the hiring how can MIT effectively manip- Project on Corporate Responsi- policy towards members of ulate -its holdings in over I 00 jbility, on a national level, as well minority groups. There were as "Campaign GM," an MIT stu- however, political topics which ace ectu:es egll,; corporations as to best serve the dent group which lobbied CJAC public interest. will surely be considered, such as and laterthe Corporatlon Exec~u- the role a corporation plays in xller raps .teclnoloqy The inherent controversy is tive Committee for at least development of the inner-city known to management and partialsupport ofNader's efforts and the controversial, and very By Bert Halstead loved ones who suffer. stockholders as "corporate re- by MIT's 290,000 shares ofGM The MIT Lecture Series on Fuller attributed the first for- touchy,- subject of business rela- sponsibility," the responsibility stock. tionswith the Republic of South (orld Peace began last Thursday mutations of these concepts of a large corporation has to the ith a lecture by R. Buckmin-- scarcity, competition, and sur- This year's examination of Africa, whose discriminating interests and/or needs of the policy of "apartheid" has led ter Fuller on "Technology." vival of the fittest to Malthus general public. MIT's stockholdings and the in- ihe distinguished inventor, and Darwin. Karl Marx, he said, fluence of those holdings is be- many companies to re-examine reator of the geodesic dome agreed with these people, but The involvement with this ing done through the Advisory their level of trade with that nd many other inventions, decided that the workers were question which the MIT Corpor- Committee on Shareholder Re- country. Lacked Kresge for his two-hour the fittest, and all the others ation is examining is whether a sponsibility, members of the stockholder, as the theoretical The Advisory Committee has merely parasites. Enumerating Corporation and others inter- discussed all these topics to owner of a corporation, can ested in the n-atter who in the , He said peace is a dreamy various advances in modem tech- some extent, but must establish iord,evoking images of children nology, Fuller then turned to initiate a sense of corporate re- next few months will determine sponsibility through the sheer a concrete list of corporate the arms of their mothers. the question, "What did Malthus MIT's responsibility and position priorities as well as a set of ;ven in times of so-called leave out?" His answer was that power of its many votes in mat- in the promotion of social re- ters concerning the company standards for evaluation of a 1peace,': however, there has all the advances of modem tech- sponsibility. corporation's steps in these areas !ways been a winner and a nology had made Malthus' theo- which arise at the annual meet- ing. A meeting of the Committee within the next few months, user. This is because our politi- ries invalid. The GM-Nader controversy in on Thursday afternoon included before the long "proxy-battle al systems are predicated on the comments froni Professor Dan and annual meeting" season con- jasic fact of scarcity - is there i970 attempted to do just this lot enough to go arounld. Given word he includes in every lecture on quite a large scale. At that Fenn of the ]Harvard Business venes. hat factsomebody hasto come -- synergy. This word roughly time, a number of "public inter- School, speaking in an advisory It is apparent that the Com- iut on the short end, and con- means the interdependence of est" proposals were to be voted role to the group, who outlined mittee has come to at least the hiet occurs because everyoneevery thing, so he introduced it upon by GM stockholders at the the Committee's major objec- preliminary conclusion that M1T company's annual meeting. The tives as " . building social eval- rants to make sure it is not his (Please turn to page 2) Si ors must promote corporate and uation into an effective invest-. social responsibility in some J~~~~~~(lastrn t opage 2J meent portfolio" as well as a form, through its wide interests determination of what social re- in a large number of corpora- grou .seek ' SuRD~rA sponsibility actually encom- tions, although tee set and level passes, as far as MIT is con- of "corporate priorities" has not cem leed. yet been created or decided By Norman Sandler petitioning administrations of upon. i and Lee Giguere the respective schools to permit !: i)::: .tioned by Fenn is the major (Please turn to page 3) EAn effort to organize stu- tuition to be increased $2 per !ents throughout the nation and term per student, and that the ipur them on to activism in the resultant added revenue be turn- ireas of the environment, con- ed over to MASS PIRG EAST. bmer protection, and numerous However, the action must first ::::::: alumae, p lncvieme ither public problems is under- meet the approval of the student Vay in the Boston area, after body, and any student who feels heeling with success in other opposed to such an action on ~~~~aduinae, pacemnent )arts of the country, including any grounds may receive a re- .e western half of Massachu- fund of the $4 per year. By Sandy Yulke are benefitting from it. This is 'etts. Ross said that he has found The Women's Forum, which not to say that there is no longer ' Massachusetts Public Interest that although most of the proved so successful during IAP, any discrimination in the job lesearch Group East (MASS schools which he visits (he had had its first regular term meeting market; in fact, one MIT alumina iIRG EAST) is a student-run been to 33 schools in four days) this past Monday. The topic is now the subject of a class [nd financed non-profit organi- have student bodies which claim discussed was "Employment Op- action by the Massachusetts Don Ross portunities for Women," the Commission Against Discrimina- tation which will gain support to be "the most apathetic stu- Photo by Dave Tenenbaum tom member campuses, and dents you'll find" when the is- guest speaker being Mr. Robert tion. brough a four dollar per year sues of PIRG membership is put K. Weatherall, Director of Place- If a woman does end up as a a number of college campuses in secretary or in some other simi- ~er student donation from each to the vote, there is a tremen- the Greater Boston area, inclu- ment. Weatherall provided some ,f the campuses, will be able to dous rate of acceptance of the interesting data, and tried to lar position, he recommended ding Wellesley, Simmons, Har- that she try to improve her job [ire a full-time staff of approxi- idea. vard, and now at MIT . make some suggestions as to lately 40 persons to represent Ross emphatically stated that He was careful to emphasize how women can try to get better herself; she should take more 'he concents of the public,.ac- the main goal of the MASS jobs. In particular, he mentioned responsibility and initiative, and that the PIRG would be able to try to develop her job into some- "o0ding to originator Ralph PIRG EAST was not to simply present a continual effort, unlike ways in which women can Vader. .- collect money from the big "make" better jobs for them- thing better. He cited examples previous student efforts, which of women who have succeeded The project has been widely schools, which he noted as being as Ross pointed out while at selves. accepted thus far, and Don Ross, MIT and Harvard, but the PIRG To begin with, he recom- in real estate, advertising and MIT, seem to dissolve at breaks invest ments, professions for i Raider" who traveled operation could continue into mended that, at the college level, "Nader's in the academic year. which "women's intuition" is lo MIT last week in hopes of the school itself, with students "We have learned the lessons women not major in liberal arts, timuli/ting interest in Eastern and faculty doing PIRG re- for they will then end up as supposed to make them es- of the sixties," Nader said, not- pecially suited. tlassachusetts, says that in 22 search, with funding being sup- frustrated secretaries (this prob- ing the awareness on the part of In preparing his presentation rtates, 26 to 28 groups have now plied from the fees which are students of the impact of the lem has previously been men- arganized PIRG centers.