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Bill Ackman Intensifies Pressure on Harvard Leadership Amid Federal Funding Freeze

The billionaire investor demands Penny Pritzker’s removal, criticizing Harvard’s legal battle with the Trump administration over $2.2 billion in suspended funding.

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Overview

  • Bill Ackman has called for the removal of Penny Pritzker, chair of the Harvard Corporation, citing mismanagement and a need for leadership change.
  • Ackman criticized Harvard’s decision to sue the Trump administration rather than negotiate after federal funding was frozen over alleged unconstitutional demands.
  • The Trump administration suspended $2.2 billion in federal funding and threatened Harvard’s tax-exempt status, prompting the university to file a lawsuit defending its autonomy.
  • Ackman argued that Harvard’s diversity, equity, and inclusion policies have contributed to campus antisemitism and called for reforms in governance and policy.
  • This marks the latest escalation in Ackman’s activist campaign against Harvard, following his successful push for the resignation of former President Claudine Gay earlier this year.