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☆ Billionaire investor Marc Rowan accused of using Wall Street tactics to 'strong-arm' UPenn into leadership change amid antisemitism row
  + stars: | 2023-11-04 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +3 min
Apollo CEO Marc Rowan halted his donations to UPenn over its response to Hamas' attacks on Israel. A Penn trustee accused Rowan of using aggressive Wall Street tactics to pressure the college. AdvertisementAdvertisementThe billionaire Marc Rowan was accused by a University of Pennsylvania trustee of using aggressive Wall Street tactics to put pressure on the college over its handling of campus antisemitism. Rowan has contacted "half of Wall Street" to discuss ways major donors can utilize their influence to try and bring about leadership changes at top schools, CNBC reported. Andy Rachleff, a trustee at Penn, told The Wall Street Journal that he saw Rowan's outspoken efforts as an attempt "to strong-arm the university using the classic Apollo playbook."
Persons: Marc Rowan, Penn, Rowan, —, Elizabeth Magill, Magill, Carolyn, Andy Rachleff, Bill Ackman Organizations: Ivy League, Service, University of Pennsylvania, Street Journal, Penn, CNBC, Wharton School's, Advisors, Wall Street Journal, Harvard, Pershing, Capital Management, Cornell Locations: Israel, UPenn, Penn, Gaza, Hamas
☆ Wharton School's Jeremy Siegel says stick with stocks even with 10-year Treasury yield above 5%
  + stars: | 2023-10-23 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Wharton School's Jeremy Siegel said investors should stick with stocks even as the 10-year Treasury yield again breaches the key 5% level. Stocks came under pressure Monday from higher Treasury yields. All three major stock market averages were last trading lower as the 10-year Treasury yield briefly topped the 5% level, with some analysts saying yields could climb higher still. "Clearly, stocks are the place to be in if we get stronger growth," Siegel said Monday on CNBC's " Squawk on the Street. " "And if we have real growth that's a source of these higher yields, I don't think that's a negative for stocks."
Persons: Wharton, Jeremy Siegel, Stocks, Siegel, they've Organizations: Treasury Locations: Israel
☆ University of Pennsylvania 'should have moved faster' in condemning antisemitism, its president admits, days after Apollo CEO called for her resignation
  + stars: | 2023-10-16 | by ( Tom Porter | ) www.businessinsider.com   time to read: +5 min
AdvertisementAdvertisementThe University of Pennsylvania "should have moved faster" in condemning the antisemitic views of speakers that appeared at a recent Palestinian literary festival held on campus, its president said. He was also one of 4,000 people to sign a letter condemning the university for hosting the festival. But, in light of the terror attack by Hamas on Israel, Rowan said the response was not enough. AdvertisementAdvertisementIn the statement Sunday, Magill said that the university could've been more forceful in condemning anti-Semitism in its initial statement on the festival. I, and this University, are horrified by and condemn Hamas's terrorist assault on Israel and their violent atrocities against civilians.
Persons: —, Elizabeth Magill, Magill, Marc Rowan, Rowan, Magill's, Roger Waters, Pink Floyd, Marc Lamont Hill, Waters, Hill, Rowan's oped, Carolyn, could've Organizations: The University of Pennsylvania, Service, of Pennsylvania, University, Penn, Apollo Global Management, CNN, The Daily, Wharton School's, Advisors, Daily Locations: Israel, Gaza, Palestinian, UPenn, Palestine
☆ Apollo CEO is calling for University of Pennsylvania leaders to resign after he says they refused to strongly condemn antisemitism
  + stars: | 2023-10-11 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +4 min
Apollo Global Management CEO Marc Rowan is calling for University of Pennsylvania leaders to resign. AdvertisementAdvertisementApollo Global Management CEO Marc Rowan is the latest business leader to slam an Ivy League institution for not taking a stronger stance against what he called antisemitism. AdvertisementAdvertisementAt the time, the university responded, saying in a statement that "we unequivocally — and emphatically — condemn antisemitism as antithetical to our institutional values." But, in light of the attack by Hamas on Israel, Rowan has said the response was not enough. "We see sickening parallels between Harvard leadership's inaction against Harvard's antisemitism and the failure by UPenn's leadership to take a stand against hate," Rowan wrote in his letter.
Persons: Marc Rowan, Hedge, Bill Ackman, Israel, —, Elizabeth Magill, Scott Bok, Rowan, Magill, Magill's, didn't, Pink Floyd, Roger Waters, Carolyn, Ackman, Jonathan Newman, Jake Wurzak, Penn Organizations: Apollo Global Management, University of Pennsylvania, Hamas, Harvard, Service, Global Management, Ivy League, Daily, Defamation League, Jewish, Wharton School's, Advisors, Pershing, Capital Management, Dovehill Capital Management Locations: Israel, UPenn, mater
☆ Powell's speech did not address GDP rise from productivity growth, Wharton School's Jeremy Siegel
  + stars: | 2023-08-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell's speech did not address GDP rise from productivity growth, Wharton School's Jeremy SiegelJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, joins 'Closing Bell' to discuss what the market reaction to Powell's Jackson Hole speech says about the state of monetary policy, strong productivity despite a labor market slowdown, and the risk of commodity price inflation rising further.
Persons: Wharton, Jeremy Siegel Jeremy Siegel, Powell's Jackson Organizations: University of Pennsylvania's Wharton School
☆ Two classic books on long-term investing are out in new editions
  + stars: | 2023-01-05 | by ( Bob Pisani | ) www.cnbc.com   time to read: +4 min
Two classic books on long-term investing are out in new editions. In December, the Wharton School's Jeremy Siegel published a new (6th) edition of his classic, Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies. Like Malkiel, Ellis urged investors to diversify into low-cost index fund investing, which was a radical idea because there were no low-cost index funds at the time! The market eventually caught up with Malkiel, Siegel, Ellis and Bogle. Investors now had not just an index fund, they had a low-cost, tax-efficient wrapper they could buy it in.
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