Description:
Text transcribed from caption: PC-46615 REPORT ON CORPORATE CHALLENGES NEW
YORK -- Representatives of groups in the Church Project on U.S. Investments
in Southern Africa report on stockholder challenges underway against U.S.
corporations doing business in southern Africa during a press conference in
New York. From left to right are: Dr. Howard Schomer of the United Church
Board for World Ministries; Canon Burgess Carr, general secretary of the All
Africa Conference of Churches; Dr. Donald Wilson, chairman of the Church
Projects; Brother Robert Taylor of the Franciscan Friars of the Atonement;
and Timothy Smith, coordinator of the Interfaith Center for Corporate
Responsibility. It was announced that 14 U.S. religious groups have joined in
a stock action asking International Business Machines (IBM) to stop selling
computers to the Republic of South Africa. Nine Protestant agencies and five
Roman Catholic orders, owning a total of more than $9 million in IBM stock,
are parties to a shareholder resolution that accuses the corporation of
supporting South African “apartheid” (racial separation). Computers,
challengers say, help South Africa’s white minority government
“oppress” the black majority. IBM is one of seven corporations being
challenged this year on South African operations by one or more groups in the
Church Project. The other companies are Phillips Petroleum, Getty Oil,
Standard Oil of California, International Telephone and Telegraph, Union
Carbide and the Southern Company. Credit Must Read: RELIGIOUS NEWS SERVICE
PHOTO by John Lei (JL-NY-1C-75-DS)
Creator:
Lei, John C. (photographer)
Subject names:
Religious News Service--Archives., Church Project on United States Investments in Southern Africa (New York, N.Y.), Carr, Canon Burgess., All Africa Conference of Churches., Schomer, Howard, 1915-, Wilson, Donald., Smith, Timothy., Taylor, Robert.
Topics:
Clergy--New York (State)--New York., Press conferences--New York (State)--New York., Anti-apartheid movements--United States., Disinvestment--South Africa., Interdenominational cooperation--United States., Segregation--South Africa.
Geographic subjects:
New York (N.Y.), South Africa--Race relations.
URL:
https://digital.history.pcusa.org/islandora/object/islandora:362255