President Liz Magill (UPenn Official Photo)
Bill Ackman is still calling for changes at the top at Harvard. This as Liz Magill bowed to pressure and resigned from her post as the President of the University of Pennsylvania (UPenn). That resignation came after she, together with Harvard President Claudine Gay and Sally Kornbluth, the President of MIT – the Massachusetts Institute of Technology, during testimony that theory gave before the US Congress, failed to so much as condemn calls for the destruction of the State of Israel going on on their respective schools’ campuses.
Liz Magill made no apologies in her curt resignation statement saying just, “It has been my privilege to serve as president of this remarkable institution. It has been an honor to work with our faculty, students, staff, alumni, and community members to advance Penn’s vital missions.”
University of Pennsylvania Board of Trustees Chair Scott Bok also resigned.
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It has been two months since Apollo Management CEO Marc Rowan demanded that the supporters of the University of Pennsylvania “close the checkbooks” to the school in protest over its failure to put a stop the the antisemitic demonstrations at the school.
Cliff Asness, a hedge fund billionaire, and David Magerman, a high-tech entrepreneur, both answered that call and ended their financial support for the school.
As for Bill Ackman, he went a step further and demanded that Harvard reveal the names of all students affiliated with the numerous Harvard groups that have been attacking Israel. Ackman also called on firms not to hire any of these students.
As for the head of Harvard, who is still on the job, Bill Ackman tweeted, “The Curious Case of Claudine Gay. This is a detailed critique of President Gay’s academic and administrative history prior to her becoming President of Harvard.”
“It is worth a careful read. For those who are more familiar with the facts, I welcome your input as to the facts and issues alleged in this report. They appear worthy of further investigation and examination.”
As for the University of Pennsylvania, Bill Ackman wrote, “The proverbial stock prices of Harvard and MIT have dropped more than 50% since the October 6th close, while Penn’s has bounced 20% off the lows based on today’s news, but is still down 40%.”
‘Penn’s recovery will depend on whether and how its board is refreshed,” he added, “who they choose as their next president, and whether they make necessary fundamental changes to the institution.”
“The problem is not just the presidents of the universities,” Bill Ackman added, “It goes much deeper than that. It is about leadership, principles, and values, broadly defined.”
