Yesterday, I wrote about the likelihood that Penn’s president, Liz Magill, will be replaced sometime soon, as support for her has essentially collapsed in the wake of her testimony before Congress in which she refused to denounce calls for the genocide of Jews by students clearly.
Well, it is becoming clear that Claudine Gay, Harvard’s president, will follow her out the door shortly after.
I have no inside knowledge, of course. It turns out that the Ivies don’t share their plans with me for some reason. But the political and financial pressure on the institutions is building so fast that it is hard to imagine that the boards of these corporations–and they are corporations, not just educational institutions–can fulfill their fiduciary responsibilities and maintain their support for their presidents.
These schools are facing reputational collapse, and reputation is what they sell at a very high price indeed.
Breaking – UPenn donor Ross Stevens, CEO of Stone Ridge Asset Management, pulls a $100 million donation to the school.
We commend Ross Stevens and urge other donors from Penn, Harvard, MIT, Yale, Cornell, et al to follow suit.
Enough is enough!
Read the full article here