Billionaire investor Bill Ackman criticized Harvard University for what he calls 'administrative bloat' and poor investment management of its vast endowment. Speaking at the Milken Institute Global Conference, he argued that Harvard shouldn't receive taxpayer funds amid alleged financial mismanagement. His comments come as the Trump administration froze future grants to Harvard until the university adheres to certain demands. Harvard responded, arguing the administration's actions threaten funding for critical research. Ackman has previously expressed concerns about Harvard's handling of antisemitism issues, indicating a long-standing tension with the institution.
"They have lost all future grants, their tax exemptions are at risk... it is all self-induced gross mismanagement and I think that the administration is doing precisely the right thing now."
"The notion is the federal government money is only going to fund breakthrough research, that is just false."
Collection
[
|
...
]