Longtime investor Steve Eisman is the latest Wall Street executive distancing himself from his alma mater, the University of Pennsylvania, as the school's leadership comes under criticism for whether it's doing enough to fight back against antisemitism following the start of the war between Israel and Hamas.
"The Big Short" investor told CNBC's "Squawk Box" on Thursday that, after hearing fellow finance executive Marc Rowan was encouraging donors to close their checkbooks to Penn, he called the university and demanded his family's name be removed from a scholarship.
"I do not want my family's name associated with the University of Pennsylvania, ever," Eisman said he told the university.
Much of the frustration from donors is tied back to the Palestine Writes Literature Festival that took place on Penn's campus in September.
Donors and fellow alumni signed an open letter to the university's leadership before the festival voicing their concerns about the event.
Persons:
Steve Eisman, CNBC's, Marc Rowan, Eisman, Neuberger Berman
Organizations:
University of Pennsylvania, CNBC
Locations:
Israel, Penn, Palestine