Billionaire Investor Sets His Sights on His Final Target After Harvard President Resigns

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Private institutions of higher learning love cash donations, much of which comes from private investors. To fall out of favor with these investors is to risk being cut off.

It’s always been this way, but never more so among Ivy League institutions than today. Harvard University, the University of Pennsylvania, and the Massachusetts Institute of Technology have now set a new example, one few within their circles wish to follow.

They’ve angered conservative donors. A combination of progressive leftist ideology and rampant anti-Semitism on campus finally threw them over the edge, leaving them no other recourse but to talk with their wallets.

Those donors include the billionaire founder of Pershing Square Capital Management, Bill Ackman, who seemed to have numerous axes to grind against the now-former president of his own alma mater, Claudine Gay of Harvard University, who resigned Tuesday.

He’d previously called for the resignations of Gay, now-former University of Pennsylvania President  Liz Magill and Massachusetts Institute of Technology President Sally Kornbluth of Massachusetts Institute of Technology.

This followed a Dec. 5 congressional hearing where all three refused to denounce anti-Semitism on the campuses they oversee, claiming it depended on the “context” of the words being spoken.

Ackman wasn’t buying it.

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