Bill Ackman is creating an activist organization to fight antisemitism, reform higher education

Hedge fund billionaire Bill Ackman, who just lately fought a high-profile battle in opposition to Harvard University, mentioned Friday that he is beginning an activist organization to fight antisemitism and reform higher education.

“It’s going to be a ‘think-and-do tank.’ It’s going to be an activist,” Ackman mentioned in an interview with CNBC’s Andrew Ross Sorkin on “Squawk Box.” “I’m standing up an organization very shortly to deal with exactly what is going on on. … We’re going to examine these points. And we’re going to provide you with options to issues and we’re going to implement.”

The Pershing Square Capital CEO was one of many loudest critics of Harvard, his alma mater, in addition to the University of Pennsylvania and the Massachusetts Institute of Technology, after Hamas’ Oct. 7 assault on Israel, charging their presidents with not taking a robust stance in opposition to antisemitism on campus.

Harvard president Claudine Gay later resigned following sharp criticism of her testimony earlier than Congress in early December the place she and different educational leaders have been grilled over tolerance of antisemitism on campus. In addition, Gay confronted accusations of plagiarism in her personal revealed work.

Ackman’s fight took a flip when on-line publication Business Insider posted a narrative that included comparable accusations of plagiarism in opposition to his spouse, Neri Oxman, who is an architect, designer and a former professor at MIT.

“It began with antisemitism on campus, after which I bought involved about governance at Harvard. … Then I’ve broader issues about higher education usually,” Ackman mentioned. “I believe these are essential points. And these are points that may require assets to be targeted on.”

Ackman, whose Pershing Square oversees practically $15 billion in property underneath administration, mentioned he is going to rent a CEO and put collectively a board of administrators for the brand new organization.

“This sort of activism now requires… a critical group,” Ackman mentioned. “We’re going to go after these points in a really aggressive means.”

Don’t miss these tales from CNBC PRO:

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *