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Bill Ackman: It’s time for a change in leadership and the board at Harvard

  • Billionaire investor and Harvard alumnus Bill Ackman criticized Harvard University on May 4, 2025, calling for changes in its leadership and board over free speech and management issues.
  • Ackman based his call on Harvard's alleged failure to uphold free speech, ideological diversity, and financial transparency, noting a politicized environment and concerns about its nonprofit status.
  • He highlighted that Harvard's $53 billion endowment faces $8 billion in debt, while an internal culture of fear and mismanagement, especially at Harvard University Press, has caused staff departures.
  • Ackman stated, “Free speech is not happening at Harvard,” and called the university a “political advocacy organization,” urging leadership change and criticizing the university’s lawsuit against the Trump administration.
  • His critique aligns with Trump’s move to freeze $2.2 billion in federal grants and threaten revoking Harvard’s tax-exempt status, underscoring possible long-term impacts on the university’s governance and funding.
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Daily Nous broke the news in on Monday, May 5, 2025.
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