lie
- Copyright 1986 The Daily Tar Heel
Servina the students and the University community since
Thursday, June 5, 1986
Chapel Hill, North Carolina
News SponS'Arts 96? 0245
Business' Advertising 962 ' "63
UNC mislit not
divest fromC
By CATHERINE COWAN
Staff Writer
Although the University Endow
ment Board voted Friday to divest
from CBS on the grounds that the
network's company in South Africa
no longer adhered to the Sullivan
Principles, it appears the information
the board was basing its decision on
was not complete.
In January, CBS leaders did not
sign the last of the four amplifications
of the Sullivan Principles because
they were preparing to pull out of
South Africa altogether, not because
they refused to abide by the principles
any longer, said John Kiermaier, vice
president for public affairs at CBS.
There are four amplications, or
amendments, added to the set of
Sullivan Principles a set of guidelines
designed to promote racial equality
in the workplace.
The fourth amplification, added
last year, would have required that
CBS participate actively in lobbying
for legislation in South Africa and
the United States to end apartheid.
The corporate heads felt they could
not sign the fourth amplification of
the Sullivan Principles because CBS
had a news operation and wanted to
remain politically neutral, Kiermaier
said.
Because CBS would no longer be
a Sullivan signatory, it chose to divest
from South Africa completely. As of
April, CBS held no stock in South
Africa, he said.
Wayne R. Jones, UNC associate
vice chancellor of finance, said UNC
would not divest from CBS after all.
"We will retain the stock," he said.
"The sale has not been consummated
yet.
"As long as CBS fits the policy of
the endowment board, we can retain
it. Only when we heard they did not,
did we the administration take action
to dispose of it."
UNC is a member of the Investor
Responsibility Research Center, an
organization based in Washington,
D.C., which among other things,
publishes a book listing what U.S.
corporations in South Africa are
Sullivan signatories. The IRRC
removed CBS from its list of Sullivan
signatories in January when it failed
to sign the fourth amplification, but
the book went to press before the
organization found out CBS was
definitely preparing to leave South
Africa, said Alison Cooper, research
analyst for IRRC. Cooper said the
IRRC listed CBS as considering
divestment from South Africa.
Jones said that he and the endow
ment board's six investment manag
ers used the IRRC list to check
UNCs investment portfolio for non
Sullivan companies. When they
discovered that CBS had not signed
the Sullivan Principles, they
informed the endowment board,
which then decided to divest from
the corporation.
"It's a matter of adhering to
policy," Jones said. "When addi
tional information was attained, the
action was reversed."
According to Cooper, CBS told
the IRRC in January that it had not
signed the Sullivan Principles but did
not tell them why, and the IRRC did
not find out that CBS had withdrawn
from South Africa until after its book
had been sent to the printer. Kier
maier said he.did tell the IRRC why
CBS did not sign the Sullivan
Principles and that the corporation
was planning to leave South Africa.
"I think the IRRC is doing a good
job, considering the volumes of data
that have to be accumulated," Jones
said. "I'm not really aware of others
doing as comprehensive a job as the
IRRC."
UNC holds 4,200 shares in CBS
worth $554,925, or about .5 percent
of the total University endowment of
$103,757,576. The transaction costs
of selling the stock would have been
about $1,500, Jones said.
See DIVEST page 7
Handicapped mot tappy in Momrison
By TONI SHIPMAN
Staff Writer
Summer school students with
special disabilities must live separ
ately from other students until
Katherine Carmichael Dormitory is
completed, housing officials said
Friday.
Three wheelchair bound students,
along with three non-handicapped
volunteers, are living in Morrison
because it is the only handicapped
accessible dorm available, this
summer. The other adequately
equipped dorms, Craige, Grimes and
Ruffin, are closed for repairs said
Collin Rustin, associate director of
University housing.
"By accessible facilities, we mean
bathrooms with no thresholds, so
that the student who is impaired by
a wheelchair can utilize the facilities,"
he said.
Frank Abernethy, a senior psy
chology major from Charlotte, said
he would prefer to live in Hinton
James. "I feel like they sort of isolated
us from the other students, and it's
like we are, in a way, discriminated
against," he said. "I realize that the
way housing is set up, they don't have
any handicapped accessible rooms
over there . . . All year, they knew
that they weren't going to have
students in Morrison, so they had a
whole year to fix something over
there in Hint on-James for us."
However, according to Rustin, the
decision to house summer school
students in Hinton James was
made during the spring semester,
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UNC Crew Team member Dwight Debree, a
rising junior from Fair Haven, N.J., practices
Rustin said there would be no
plans to make James, accessible
because Carmichael would soon be
finished, "If you didn't design a
building to be accessible, it is a very
costly process," he said. He added
that other problems had to be taken
into consideration, such as if the
building had enough space to build
a ramped walkway.
Wayne' T. Kuncl, director . of
housing, said one of the advantages
to Carmichael was that in addition
to air conditioning and electronic
doors, it would have 1 1 suites that
could accommodate handicapped
"students.
"I'm kind of excited because that's
going to give students the ability to
live not just on the first floor of a
building, but on the second or the
third," he said. "I think 1 would feel
somewhat limited if I always thought
1 had to live on the first floor of a
building." " -
Morrison was closed to "the other
summer school students because of
repairs and pest control problems,
Rustin said. However, he added that
the six individuals were not in total
isolation because freshmen who
Come to the University for testing and
orientation programs would be living
in the building for seven weekends
out of the summer.
The housing department has been
working toward developing adequate
facilities for handicapped students
during the summer sessions and the
problem will be completely resolved
with the new Carmicheal dorm, he
;
said.
"They said they had no other place
to go," Rustin said. "And fortunately,
in a situation like this, we had some
space. They understood that they
would be pretty much by themselves
during the regular summer session,
except for the weekend programs and
the very limited staff ;(the area
director and assistant area director).
"But it beats, in all cases, what
they'd have if the University had not
been able to say yes."
However, the students have a
different view. "If they were gonna
put us somewhere in a dorm besides
Hinton-James with the other stu
dents, I don't see why we couldn't
have stayed in Grimes because it's
right there centrally located on
campus," Abernethy said. -'.
"And with all this construction
going on down here at the field house
and all, we can't even get to campus
without going way around out of our
way or having to ride the van."
The housing department and the
Division of Students Affairs provides
a van for transportation, but on
weekends it only runs one hour in
the morning and one in the after
noon, Abernethy said: "I could ride
the van, but I don't particularly care
too much for riding it," he said. "I'd
rather ride in my chair on nice days."
Abernethy said he has to go about
three quarters of a mile out of his
way to get to class. "1 have to go
down the hill and through the
parking lot out on the road by the
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n
Tar Heel Jamie Cobb
his technique at University Lake. The team
just began stroking for the fall season.
baseball field,", he said. "Then I go
up and then down the street by the
Bell Tower, so it's a long way."
Bobby L. Williams, a senior
industrial relations major from
Ashboro, said that they have other
problems as well. Being in a wheel
chair, he said, he needs a lot of
assistance, "but if t there's nobody
around, you can't ask someone to do
something. And when I found out
I was living here, I knew that's what
the situation was going to be like,
so I'd rather live over there or them
over here."
In addition, Williams said that he
and Abernethy had to buy micro
waves because the kitchens in Mor
rison were locked. "They have the
door to the snack machines closed
as well," he said. They do have access
to the ice machine, but the laundry
room is locked, he said.
As far as social activities, Williams
said the only entertainment that
Morrison provided was "squirrels,
, lots of squirrels."
Abernethy said, "1 keep getting
madder as the semester goes on."
Rustin said that the North campus
dorms were not used in the summer
because they were in major need of
renovation. "I don't know why a lot
of people don't accept the fact that
our campus is a very old canpur-,w
he said. "Most of the buildings that
we have were built in the ISOOs or
the 19-teens and 1920s." South
campus dorms are only twenty years
old, he said.