After the appalling behavior of their presidents at Tuesday’s Congressional hearing on antisemitism, Harvard, the University of Pennsylvania, and MIT have faced tremendous (and richly deserved) backlash.
And it continues today:
BREAKING: Ross Stevens, CEO of Stone Ridge Asset Management, sent a letter to @Penn telling them that he is withdrawing a $100M donation over President Liz Magill’s anti-semitism comments before Congress.
via @axios https://t.co/mjqc4X1yJm pic.twitter.com/hX2QO2G97x
— Greg Price (@greg_price11) December 7, 2023
Axios reports:
A University of Pennsylvania donor is withdrawing a gift worth around $100 million to protest the school’s response to antisemitism on campus.
The big picture: The final straw for Ross Stevens, founder and CEO of Stone Ridge Asset Management, was Tuesday’s widely criticized congressional testimony by Penn president Liz Magill.
Details: The gift from Stevens, a Penn undergrad alum, was given in December 2017 to help establish a center for innovation in finance.
- It was in the form of limited partnership units in Stone Ridge, with the current value estimated at around $100 million.
- Stevens, in a letter from his lawyers to Penn, alleges…
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