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The Chronicle Thursday, June 5, 1986 © Duke University Durham, North Carolina Summer Circ: 7,000 Vol

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The Chronicle Thursday, June 5, 1986 © Duke University Durham, North Carolina Summer Circ: 7,000 Vol WEEKLY SUMMER EDITION THE CHRONICLE THURSDAY, JUNE 5, 1986 © DUKE UNIVERSITY DURHAM, NORTH CAROLINA SUMMER CIRC: 7,000 VOL. 82: S5 Divestment backlash begins Mobil executive quits Fuqua post By SHANNON MULLEN "We are doing something about [apart­ A senior official at Mobil Oil Corp. has heid], not issuing paper statements from resigned his position on the Fuqua School the sanctuary of Durham, N.C," he said. of Business's Board of Visitors to protest the In a letter to Adams May 27, President University's divestment stance, and another Keith Brodie urged him to reconsider his member who sits on Mobil's board of direc­ decision, which he said "could be inter­ tors said he may eventually do the same. preted by some as a lack of faith or hope Rex Adams, vice president for employee that the apartheid system will be relations at Mobil and director of the com­ dismantled. pany's charitable foundation, submitted a "This position does not reflect wel! on you, letter of resignation from the 45-member nor on Mobil," Brodie wrote advisory board May 21 to Thomas Keller, Although the University has taken no ac­ dean of the business school, in which he tion against Mobil, which has 3,000 called the Board of Trustee's divestment employees and $400 million in assets in resolution "an exercise in cheap grace." South Africa, Adams said it eventually will William Kennedy, a Mobil director and because Duke's divestment deadline doesn't chair, president and CEO of North Carolina allow enough time for real change to occur. Mutual Life Insurance Company, supported In fact, Duke could divest from companies Adams' decision. "I would have an inclina­ like Mobil, IBM and Texaco before January tion to take the same action if divestment if the Policy Implimentation Committee is actually invoked," he said Wednesday. (PIC) and the Board of Trustees decide com­ Such reactions to the Board of Trustee's puters and energy products constitute May 2 divestment resolution were an­ "strategic" support of the Pretoria regime ticipated but are worrisome to the Univer­ and its efforts to crack down on blacks. sity, particularly at a time when it is seek­ The board's resolution requires the Uni­ ing stronger ties with the corporate sector. versity to immediately divest from com­ The board's resolution set a Jan. 1,1987, panies tied to South African security forces deadline for apartheid to end before the in this way. University would begin divesting itself from Adams dismisses such deliberations as all companies with operations in South "semantics" which won't change the Univer­ Africa. Duke has $13.1 million invested in sity's ultimate direction. "I would tell you 12 such companies, including Mobil, all of very, very plainly that no one can construe whom uphold the Sullivan Principles, a Mobil as being supportive ofthe policies of voluntary, non-racist labor code. the South African government," he said. BETH BRANCH/THE CHRONICLE Divestment punishes companies like While Adams insists he is speaking for Beached Mobil, which recently instituted a $20 himself, his action and influence at Mobil The ship set ground on the shore of this uncharted desert University. But million foundation to promote educational casts doubt on the company's continued sup­ it was right on course for the United Methodist Church Annual North Carolina opportunities for black South Africans, port of the University. This support and Mams said in a telephone interview from Conference. This was Camp Chestnut Ridge, an example of a typical Meth­ Mobil's future involvement with the Fuqua New York Wednesday. board are uncertain, Adams said. odist camp. See FUQUA on page 2 Ex-senator's ailing Reagan praises Broyhill at benefit By WHIT ANDREWS GREENSBORO - "There is but one consolation for John wife seeks relief East leaving the Senate, and that is Jim Broyhill," Presi­ dent Ronald Reagan told 1,000 people Wednesday at a lun­ cheon here to benefit the Republican U.S. Senate nominee From staff reports Reagan joined East, Sen. Jesse Helms and Gov. Jim Mar­ The wife of former Tennessee Senator and possible GOP tin in proclaiming support for Broyhill. presidential candidate Howard Baker will arrive at the "Broyhill has a gift for the maneuvering that transforms Medical Center Tuesday for tests and evaluation of chronic principles into legislation, which is another way of say­ back pain. ing that James Broyhill knows how to work the hill," Reagan said. "He knows how to get things done, and he Baker's campaign officials said Joy Baker's treatment gets them done for North Carolina." will not affect Mr. Baker's run for the presidency. Greensboro was chosen for the visit because of its cen­ "Barring any unforseen consequences, he intends to con­ tral location in the state Reagan also praised the state's tinue on his normal campaign pace," said David Spear, present senators. "I came to thank North Carolina for sen­ ding two of the best leaders in the Senate today," Reagan Baker's press secretary. Spear labelled as incorrect a June said. 9 Newsweek report which said Mr. Baker had "called off his pursuit of the presidency" while awaiting his wife's The president indirectly addressed his trade policy dif­ ferences with Broyhill. Reagan favors free trade, which diagnosis. Broyhill maintains is damaging the N.C. textile industry "Right now it's kind of a quiet time for us anyhow," Spear with inexpensive imports. "We may not always see eye to said. He said Mr. Baker will decide in the fall whether he eye, but we have the same goals: better lives for this state will officially declare his candidacy. "Obviously, Mrs. and this region," Reagan said. Baker's health will be a factor." "Jim is pressing constantly for North Carolina interests, Mrs. Baker will be admitted to the hospital's pain clinic because he cares. And because he cares, he makes for the back problems, which so far have puzzled doctors. Washington care" The current ailment is unrelated to her previous bout with The president's speech followed the typical pattern of his JILL WRIGHT/THE CHRONICLE cancer, Spear said. campaign addresses, what newswriters called "quick and President Reagan spoke in support of Republican dirty"; Reagan spoke for about 10 minutes with no time senate candidate Jim Broyhill yesterday in Greens­ Hospital officials were not aware of Mrs. Baker's pending allotted for questions. boro. arrival. See REAGAN on page 2 Page 2 THE CHRONICLE Thursday, June 5, 1986 Reagan, East praise Broyhill at Greensboro luncheon REAGAN from page 1 "I'd like to see a Broyhill sweep," Reagan concluded, "and as North Carolina goes, so goes the nation." In a speech before Reagan arrived, Broyhill equated the election to a referendum on the president's performance, a view with which Broyhill's Democratic opponent Terry Sanford has specifically disagreed. "My opponent does not like Ronald Reagan or his policies. If he had his way Presi­ dent Reagan would not have been elected, I am sure," Broyhill said. Broyhill has a gift for the maneuvering that transforms principles into legislation, which is another way of saying James Broyhill knows how to work the hill. He knows how to get things done and he gets them done for North Carolina. — Ronald Reagan The $500-a-plate luncheon grossed $620,000. In addition JILL WRIGHT/THE CHRONICLE to $1,000 per couple attending, 100 of those couples con­ (ieft to right) Senate candidate Jim Broyhill, President Reagan and Senator Jesse Helms tributed another $1,000 to have their picture taken with the president. Each couple had previously contributed $2,000 to Broyhill's primary campaign. Any individual can contribute up to $1,000 each to the primary and general campaigns. 'The Republican Party has come too far, worked too long and achieved too much to let it be frittered away in this Mobil unhappy important election," said East, referring to the 53-47 ma­ jority Republicans now hold in the Senate, to be contested in the 1986 elections. "This race is a critical race, as is every about divestment Republican race this year." "I would like to give my total unqualified support for the FUQUA from page 1 election of Jim Broyhill to the U.S. Senate." East said. "I am totally committed to the election of this man." East, Mobil has donated $690,000 to the University since who is retiring due to health difficulties, remained sitting 1974, according to Harry Gotwals, director of Univer­ to deliver his speech. sity development. The company contributed $100,000 Reagan last visited North Carolina on Sept. 5, 1985 to towards the new Fuqua building and recently joined campaign for passage of his tax reform bill at North with other oil companies in support of Project Probe, Carolina State University in Raleigh. an effort led by Bruce Rosendahl, associate professor of geology, to map African lake beds, which produces data useful in oil searches. "Realistically I don't think in the short term we face On the record a widespread pull-out [of companies from associations with the University,]" Gotwals said. "Mobil is par­ Vd like to see a Broyhill sweep c North Carolina goes, ticularly strong-willed in regards to this issue." so goes the nation. Ronald Reagan, commenting on the importance of Kennedy said negative reaction to divestment is the senate contest between Republican Jim Broyhill justified. "I don't think it's appropriate for schools to ex­ and Democratic candidate Terry Sanford during his pect donations from these companies they've tried to Jim Broyhill and his wife Louise luncheon appearance in Greensboro Wednesday hurt" he said.
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