The argument that institutions should divest themselves of stock in companies doing business in South Africa claimed a new and hard-won supporter last week. Columbia University, site of a three-week student blockade over the issue last spring, became the first major private educational institution to , announce full divestiture. The stock involved has a market value of some $40 million, or a little more than 4% of Columbia's $900 million endowment. The change in policy, said a university spokesman, came about "in view of recent developments in South Africa."
Columbia's action spoke louder than the generally scrabbly turnouts on campuses for...
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