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Billionaire Bill Ackman Blasts Harvard President: Claims $1 Billion Loss Over Antisemitism Handling!

Billionaire investor Bill Ackman has intensified his criticism of Harvard President Claudine Gay, alleging her handling of antisemitism on campus since the October 7 terrorist attack by Hamas on Israel has cost the university over a billion dollars in donations.

Ackman’s Harsh Critique

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Ackman accuses President Gay of causing unprecedented damage to Harvard’s reputation, leading to significant financial losses.

The Financial Impact

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Ackman claimed to know of more than a billion dollars in terminated donations from a group of Harvard’s most generous alumni.

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Alumni’s Withdrawal of Donations

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He , “I am personally aware of more than a billion dollars of terminated donations from a small group of Harvard’s most generous Jewish and non-Jewish alumni.”

The CEO’s Outspoken Stance

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As CEO of Pershing Square Capital Management, Ackman has been vocal about his disapproval of Gay’s handling of antisemitism.

The House Committee Hearing Controversy

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Gay, along with UPenn President Liz Magill and MIT President Dr. Sally Kornbluth, faced criticism for their responses at a House committee hearing on rising antisemitism.

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Magill’s Resignation from UPenn

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Following the controversy, Liz Magill stepped down as UPenn’s president but retained her tenured faculty position.

Ackman’s DEI Criticism

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Ackman suggests Gay’s appointment as Harvard president was influenced by the university’s diversity, equity, and inclusion policies.

Call to Shut Down Harvard’s OEDIB

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Ackman advocates for closing Harvard’s Office of Equity, Diversity, Inclusion and Belonging (OEDIB), citing it as a source of discriminatory practices.

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The Board’s Deliberation

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Harvard’s board met to discuss the leadership crisis, with the meeting continuing into the following day.

The Faculty’s Support for Gay

Nearly 700 Harvard faculty members signed a letter urging the board not to fire Gay, emphasizing the importance of academic freedom.

The Letter’s Message

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The faculty letter stresses resisting political pressures and defending the independence of the university.

It states, “The critical work of defending a culture of free inquiry in our diverse community cannot proceed if we let its shape be dictated by outside forces.”

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