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Bill Ackman's misguided Harvard crusade
  + stars: | 2023-10-13 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +6 min
"The names of the signatories should be made public," Ackman fumed, "so their views are publicly known." Look, it's classic Wall Street to complain about the younger generation being a bunch of good-for-nothing freaks. It's also classic Wall Street to throw money around as a way to exercise power over institutions, forcing rivals you dislike to bend the knee. In his initial post, Ackman said that "a number of CEOs" shared his desire to publicly out the Harvard students. AdvertisementAdvertisementOn Wall Street, Ackman is known as the king of uninformed, unnecessary, and seemingly unlimited tweets — a breathtaking achievement in an industry full of workaholic, screen-addicted information junkies.
Persons: Bill Ackman, , Ackman, Larry Summers, Joe McCarthy, Mark Rowan, It's, it's, he's, JC Penney, Michael Pearson, Herbalife, Sam Bankman, Pershing, Linette Lopez Organizations: Pershing, Capital Management, Harvard, Wall, Treasury, Apollo Global Management, University of Pennsylvania, JC, isn't Locations: Israel, Canadian, Washington, Palestine
Harvard told students in an email that its historic center would be closed to non-ID holders nightly until Monday, the Harvard Crimson reported. Harvard Yard is the oldest part of the university campus and is where most freshman dormitories are housed. The move comes amid an escalating backlash against student groups that cosigned a letter blaming Israel for the Hamas attacks. AdvertisementAdvertisementHarvard is closing off its historic center, Harvard Yard, to visitors at night until Monday, amid an escalating backlash against students who cosigned a letter blaming Israel for the Hamas attacks, the Harvard Crimson reported Thursday, citing an email sent to students. Harvard Yard is a 25-acre green space that is the oldest part of the university campus and is where most freshman dormitories are housed.
Persons: Israel, , Meredith Weenick, Bill Ackman, Larry Summers, Jason Furman, Boaz Barak, Harvard Hillel Organizations: Harvard, Harvard Crimson, Service, Harvard Yard, Harvard University Police Department Locations: Israel
CEOs called on Harvard to release the names of students who signed a letter blaming Israel for Hamas attacks. Multiple Harvard students and groups have retracted their support for the letter, claiming they never saw the statement before it was published. On Wednesday, a truck drove around Harvard's campus with a digital billboard that claimed to show the names and faces of students associated with the letter. Just as Harvard students have the right to condemn Israel, so too does Ackman have the right to call on the university to release their names, Paulson said. AdvertisementAdvertisementA protest against the Vietnam War takes place in Harvard Yard on the Harvard University campus in Cambridge, MA on Feb. 11, 1966.
Persons: Israel, , Alex Morey, Bill Ackman, hasn't, Claudine Gay, Ken Paulson, it's, Paulson, Winston, Strawn, Morey, Charles Dixon, there's Organizations: Harvard, Service, Foundation, Rights, Harvard Palestine Solidarity Groups, Harvard Palestine Solidarity Committee, Harvard University, Scott Eisen Universities, Free, Center, Middle Tennessee State University, Business, Palestine, New York University Student Bar Association, New York Times, NYU, Boston Globe, Getty Images Colleges Locations: Israel, Harvard Palestine, Harvard's, Harvard, Philadelphia, Vietnam, Cambridge, Ukraine, Palestine
CEOs called on Harvard to release the names of students who signed a letter blaming Israel for Hamas attacks. Multiple Harvard students and groups have retracted their support for the letter, claiming they never saw the statement before it was published. On Wednesday, a truck drove around Harvard's campus with a digital billboard that claimed to show the names and faces of students associated with the letter. Just as Harvard students have the right to condemn Israel, so too does Ackman have the right to call on the university to release their names, Paulson said. AdvertisementAdvertisementA protest against the Vietnam War takes place in Harvard Yard on the Harvard University campus in Cambridge, MA on Feb. 11, 1966.
Persons: Israel, , Alex Morey, Bill Ackman, hasn't, Claudine Gay, Ken Paulson, it's, Paulson, Winston, Strawn, Morey, Charles Dixon, there's Organizations: Harvard, Service, Foundation, Rights, Harvard Palestine Solidarity Groups, Harvard Palestine Solidarity Committee, Harvard University, Scott Eisen Universities, Free, Center, Middle Tennessee State University, Business, Palestine, New York University Student Bar Association, New York Times, NYU, Boston Globe, Getty Images Colleges Locations: Israel, Harvard Palestine, Harvard's, Harvard, Philadelphia, Vietnam, Cambridge, Ukraine, Palestine
Tensions have boiled over around how colleges are responding to Hamas' terrorist attack on Israel. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementTensions are running high at America's elite colleges, as students, professors, and well-connected, wealthy alumni respond to Hamas' terrorist attack on Israel. At Harvard, the much-maligned student letter has been deleted, after several student groups retracted their support for it.
Persons: , Bill Ackman, Mark Rowan, Stanford, Larry Summers, Summers, Joe McCarthy, Jason Furman, Ackman, Israel, Alex Morey Organizations: Elite, Harvard, Yale, Penn, Service, Harvard Palestine Solidarity Groups, Cambridge, University of Pennsylvania, Apollo Global Management, Twitter, Indiana University, Columbia University, New York Police, . Police, Bloomberg, NYU, University of Arizona, Foundation, Rights Locations: Israel, Penn, Palestine, New York, Hamas, Gaza
More than 30 Harvard student groups signed a letter condemning Israel for the Hamas attacks. On Wednesday, a truck drove through Harvard naming and shaming students it claimed was connected to the letter. AdvertisementAdvertisementOn Sunday, several Harvard student groups released a controversial letter letter blaming Israel for the brutal Hamas attacks over the weekend. The letter at the heart of the controversy was co-signed by more than 30 Harvard student groups. "We, the undersigned student organizations, hold the Israeli regime entirely responsible for all unfolding violence," the letter read.
Persons: Israel, , Jason Furman, Furman, Bill Ackman Organizations: Harvard, Service, Harvard Crimson, Media, Harvard Kennedy School, Publishing
More than 30 Harvard student groups signed a letter blaming Israel for the Hamas attacks. A driver rode around Harvard in a truck with names and images of students it linked to the letter. AdvertisementAdvertisementOn Sunday, dozens of Harvard student groups cosigned a letter blaming Israel for the brutal Hamas attacks over the weekend. Images on social media appear to show that the students' names and images appeared alongside the title "Harvard's leading antisemites." The letter at the heart of the controversy was cosigned by more than 30 Harvard student groups.
Persons: Israel, , Jason Furman, Furman, Bill Ackman Organizations: Harvard, Service, Harvard Crimson, Media, Harvard Kennedy School, Publishing
Larry Summers has addressed the row about Harvard student groups that signed an anti-Israel letter. The letter, signed by 30-plus groups, said the students held Israel responsible for Hamas attacks. AdvertisementAdvertisementLarry Summers, former US treasury secretary and Harvard graduate, said some of the students at the college who signed an anti-Israel letter "did not exactly understand what they were approving." It was authored by Harvard's undergraduate Palestine Solidarity Committee and signed by more than 30 student groups. Several Harvard students have publicly distanced themselves from the letter and said they were unaware their organization had even signed it.
Persons: Larry Summers, , Summers, Bill Ackman, Danielle Mikaelian, Mohini Tangri, Benjamin Netanyahu Organizations: Harvard, Israel, Service, Palestine Solidarity Committee, Twitter, Harvard University, Palestinian, Hamas, Israel Defense Forces Locations: Israel, Palestine, Gaza
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
A sign hangs on a gate of a building at Harvard University in Cambridge, Massachusetts, U.S., July 6, 2023. REUTERS/Brian Snyder Acquire Licensing RightsOct 9 (Reuters) - Prominent Harvard University alumni on Monday denounced a pro-Palestinian statement from students that blamed Israel for violence engulfing the region and urged the university to take action against the signatories. A coalition of 34 Harvard students organizations said they "hold the Israeli regime entirely responsible for all unfolding violence" following decades of occupation, adding that "the apartheid regime is the only one to blame." Harvard President Lawrence Summers, the former U.S. Treasury Secretary under Democratic President Bill Clinton and former university president, was one of several Harvard graduates to criticize the current Harvard leadership for failing to respond. Senator Ted Cruz, a Harvard Law School graduate, wrote on X: "What the hell is wrong with Harvard?"
Persons: Brian Snyder, Israel, Claudine Gay, Lawrence Summers, Bill Clinton, Summers, Elise Stefanik, Ted Cruz, Daniel Trotta, Jamie Freed 私 Organizations: Harvard University in, REUTERS, Harvard University, Monday, Harvard, Liberation, American Resistance Organization, Reuters, U.S . Treasury, Democratic, Republican U.S, Representative, Harvard Law School Locations: Harvard University in Cambridge , Massachusetts, U.S, Gaza, Israel, New York
Claudia Goldin, a Harvard University professor, has spent nearly her entire career investigating what drives the persistent gender gap in the labor market, and how to narrow it. Through her ongoing research, Goldin, 77, has provided the first comprehensive account of American women's earnings and job market outcomes through the centuries, the Nobel committee said in the prize announcement. "We are never going to have gender equality, or narrow the pay gap, until we have couple's equity," Goldin tells CNBC Make It. True equity for dual-career couples remains "frustratingly out of reach," Goldin adds, because of "greedy jobs" and parenting norms. Increasing government funding of child care and the number of high-paying jobs in which people can share duties, rather than burn out, can help narrow the gender pay gap, says Goldin.
Persons: Claudia Goldin, Goldin, she's, it's Organizations: Harvard University, University of Chicago, CNBC
By clinging to legacy admissions, colleges are not only undermining claims of advancing equality but may be shooting themselves in the financial foot. 'A weak and sad excuse'The legacy preference has always been a dance of public intentions and private subtext. While the rationales for preserving legacy admissions have evolved, the propensity to obfuscate them hasn't. Harvard's massive $50 billion endowment makes it pretty clear: the school doesn't need to keep legacy admissions anymore. When Wesleyan announced it was dropping legacy admissions Roth was adamant that it was the right move.
Persons: James Murphy, , Richard Kahlenberg, Christopher Eisgruber, Ethan Poskanzer, Radcliffe, gosh, James Hankins, Murphy, Brooks Kraft, Amherst, Biddy Martin, Gabrielle Starr, Michael Roth, Wesleyan alums, Brown, MIT's Emilio Castilla, Kahlenberg, Harvard, Roth Organizations: US Supreme, Harvard, Department of Education, Georgetown University, Princeton University's, Washington Post, University of Colorado, Wall, Princeton, Getty, MIT, University of Texas, The Century Foundation, Pomona College, CNN, Research, Council, Advancement, Wesleyan College, Wesleyan, Ivy League, Stanford, Duke, University of Chicago, Poskanzer, University of North, Carnegie Mellon, Occidental College Locations: Boulder, University of North Carolina, America
Russian Defence Ministry/Handout via REUTERS Acquire Licensing RightsMOSCOW, Sept 26 (Reuters) - Viktor Sokolov, the commander of Russia's Black Sea Fleet and one of Russia's most senior navy officers, was shown on Tuesday attending a video conference, a day after Ukrainian special forces said they had killed him. In video and photographs released by the Russian defence ministry, Sokolov was shown apparently taking part in a video conference with Defence Minister Sergei Shoigu and other top admirals and army chiefs. The video was shown on Russian state television. Ukraine's counter-offensive has yet to yield significant territorial gains against Russian forces, which control about 17.5% of the internationally recognised territory of Ukraine. According to a Sept. 19 scorecard by the Belfer Center at Harvard's Kennedy School, Russia has gained 35 square miles of territory from Ukraine in the past month while Ukrainian forces have taken 16 square miles from Russian forces.
Persons: Sergei Shoigu, Viktor Sokolov, Sokolov, Dmitry Peskov, Shoigu, Bradley, Ukraine's, Guy Faulconbridge, Mark Trevelyan, Gareth Jones Organizations: Russian Defence, Armed Forces, Russian Defence Ministry, REUTERS Acquire, Rights, Fleet, Defence, Russian, Belfer, Harvard's Kennedy School, Thomson Locations: Moscow, Russia, Moscow's, Crimea, Sevastopol, Ukrainian, United States, Ukraine
MOSCOW (Reuters) - Admiral Viktor Sokolov, the commander of Russia's Black Sea Fleet, was shown on Russian state television on Tuesday attending a defence leaders' meeting remotely, a day after Ukrainian special forces said they had killed him. In response to the Russian video, the Ukraine special forces said on Telegram: "Since the Russians were urgently forced to publish a response with Sokolov allegedly alive, our units are clarifying the information." Ukrainian Defence Minister Rustem Umerov, interviewed by CNN, neither confirmed nor denied Sokolov's death, but said his demise could only be a good thing for all concerned. In the video, Shoigu said more than 17,000 Ukrainian soldiers had been killed in September and that more than 2,700 weapons, including seven American Bradley fighting vehicles, had been destroyed. Kyiv's counteroffensive has yet to seize much territory from Russian forces, which control about 17.5% of Ukraine's internationally recognised territory.
Persons: Viktor Sokolov, Sokolov, Sergei Shoigu, Dmitry Peskov, Rustem Umerov, Umerov, Shoigu, Bradley, Guy Faulconbridge, Mark Trevelyan, Gareth Jones, Alex Richardson, Ron Popeski, Timothy Gardner Organizations: Fleet, Ukrainian Defence, CNN, Reuters, Ukrainian, Belfer, Harvard's Kennedy School Locations: MOSCOW, Sevastopol, Crimea, Ukraine, Ukrainian, United States, Russian, Russia
A new study found many car companies can collect and sell your personal data, sparking privacy concerns. Most major manufacturers admit they may be selling your personal information, a new study finds, with half also saying they would share it with the government or law enforcement without a court order. Nineteen automakers say they can sell your personal data, their notices reveal. On security, Mozilla's minimum standards include encrypting all personal information on a car. "Sensitive personal information" collected includes driver's license numbers, immigration status, race, sexual orientation, and health diagnoses.
Persons: , Jen Caltrider, Caltrider, North America —, Albert Fox Cahn, Brian Weiss, Tesla, Mozilla's Caltrider, It's Organizations: Nissan, Service, Mozilla Foundation, Mozilla, Renault, Dacia, North America —, Harvard's Carr, for Human Rights, Alliance for Automotive Innovation, . House, Associated Press, Alliance, Pew, Big Tech, Facebook, Data Locations: Wall, Silicon, telematics, Europe, North America, U.S, Japan
BOSTON (AP) — Cars are getting an “F” in data privacy. Nineteen automakers say they can sell your personal data, their notices reveal. On security, Mozilla's minimum standards include encrypting all personal information on a car. “Sensitive personal information” collected includes driver's license numbers, immigration status, race, sexual orientation and health diagnoses. Mozilla's Caltrider credited laws like the 27-nation European Union's General Data Protection Regulation and California's Consumer Privacy Act for compelling carmakers to provide existing data collection information.
Persons: , , Jen Caltrider, ” Caltrider, North America —, Albert Fox Cahn, Brian Weiss, Tesla, Mozilla's Caltrider, It's Organizations: BOSTON, Mozilla Foundation, Mozilla, Renault, Dacia, North America —, Harvard's Carr, for Human Rights, Alliance for Automotive Innovation, . House, Associated Press, Alliance, Pew, Nissan, Big Tech, Facebook, , Data Locations: telematics, Europe, North America, U.S, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe SALT deduction is like the trickle-down economics for Democrats, says Harvard's Jason FurmanErica York, Tax Foundation senior economist, and Jason Furman, Harvard Kennedy School professor and former Chairman of the Council of Economic Advisers under President Obama, join 'Squawk Box' to discuss a new study from the Tax Policy Center, which found that loopholes in the SALT cap are costing the federal government $20 billion a year after generating between 80% to 85% of its intended revenue, and more.
Persons: Harvard's Jason Furman Erica York, Jason Furman, Obama Organizations: Tax Foundation, Harvard Kennedy School, of Economic Advisers, Tax, Center
Alexa von Tobel learned at Harvard University that money doesn't buy happiness. But despite her own financial success, von Tobel, 39, says she's derived the most happiness throughout her career from "the intangibles that money can't buy." "Through my time at Harvard's Happiness Lab during my undergrad years, I really gained a new perspective on what drives happiness," von Tobel tells CNBC Make It, adding: "What actually drives happiness are the simple routines and the daily rituals in our lives that create community and connectedness." In college, von Tobel earned Magna Cum Laude honors for a senior thesis on happiness in the small country of Bhutan, according to her LinkedIn profile. "The daily effort drives happiness, not the outcome," says von Tobel.
Persons: Alexa von Tobel, She's, von Tobel, she's, Von Tobel, Tal Ben, Shahar, Shawn Achor, It's, Warren Buffett Organizations: Harvard University, Northwestern Mutual, Harvard, CNBC, Magna Cum Laude Locations: Bhutan, LearnVest
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's growth model is no longer going to deliver high growth, says Harvard's Ken RogoffKen Rogoff, Harvard economics professor and former IMF chief economist, joins 'Squawk Box' to discuss China's economic crisis, why the 'debt supercycle' that came for the U.S. and Europe after the 2008 financial crisis could be knocking on China's door as it grapples with a brewing property crisis and growth slowdown, and more.
Persons: Ken Rogoff Ken Rogoff Organizations: U.S Locations: Harvard, Europe
This story is part of CNBC Make It's Tools for Happiness series, which details what we learned from taking a free happiness course offered by Harvard University. 85 years ago, researchers at Harvard University started the Study of Adult Development to identify which lifestyle choices make people happy throughout their lives. The over-arching research is composed of several studies, including the Grant Study which followed "268 Harvard graduates from the classes of 1939 [to] 1944," for 80 plus years, according to the site that houses information about the study. "The Grant study found that there are seven habits that result in individuals being happy and well in older age rather than ending up sad and sick," Harvard's course about managing happiness included in its coursework. These are the behaviors that appear to lead to a happy and well-lived life, based on the study's findings.
Persons: Grant Organizations: CNBC, Harvard University ., Harvard University, Development, Harvard
Since I don't have rich parents or many connections, I could not see myself going to Harvard. While they worked hard to support our household, they knew little about the application process, and we had no affiliation with Harvard University. They have always been incredibly supportive of my education, but I simply come from a different financial background and lived experience than the stereotypical Harvard student. For the first time, I felt like I could be a Harvard student. My stellar financial package covered my tuition and expenses.
Persons: Harvard wasn't Organizations: Harvard, Service, MIT, Boston University, Cambridge, Admissions, Harvard College Class, Harvard University Locations: Wall, Silicon, Boston, Illinois
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMost companies have not adapted in order for flexible work to succeed, says Harvard's Tsedal NeeleyTsedal Neeley, Harvard Business School professor, and Alan Guarino, Korn Ferry vice chairman, join 'Squawk Box' to discuss the state of remote work, after a new survey by the Federal Reserve Bank of New York showed that business leaders predominantly perceive remote work as having negative effects on workplace culture, communication, and training, how workers are adapting to the new hybrid work policies, and more.
Persons: Harvard's, Neeley, Alan Guarino, Korn Organizations: Harvard Business School, Korn Ferry, Federal Reserve Bank of New Locations: Federal Reserve Bank of New York
Goldman Sachs' summer internship program is harder to get into than Harvard. This summer Goldman hosted 2,970 interns, about 500 of whom were placed in the investment bank, according to stats provided by Goldman. Some rising juniors are also part of the internship classes, however, including Stephenson, who applied for her first Goldman internship during her freshman year of college. Last summer, Stephenson took the subway to work, which had its share of problems. According to Friedland, there's no "busy work" or "shadowing" and the senior bankers rely on the interns to do real work.
Persons: Goldman Sachs, Goldman, India Stephenson, Stephenson, she'd, she's, It's, Dave Friedland, Friedland, they'll, , Conrad, I'm, it's, I've, you've, Nobody's, that's, we've Organizations: Harvard, Princeton, Investment Banking, Committee, Columbia University, University of Michigan, Brookfield, Investment, Goldman, Columbia Locations: India, Goldman's, Manhattan, San Francisco, New York City, Naya, there's, multitask, Goldman
Fitch told the U.S. Treasury about its ultimate decision about 24 hours ahead of the announcement. Fitch's recent talks with the Treasury did not include the actual downgrade decision, Francis said, because it had not yet been made by the agency's ratings committee. On Monday, Fitch's credit committee met, made a decision, and Treasury officials received the Fitch press release of the downgrade. "The timing of the committee was pure coincidence," Francis told Reuters on Friday, noting the date was set weeks ago. Debt ceiling votes have been "acrimonious for decades," one U.S. official complained, referring to a long history of standoffs.
Persons: Dylan Martinez WASHINGTON, Biden, Donald Trump, Harvard's Larry Summers, Jamie Dimon, Fitch, Joe Biden, Richard Francis, Fitch's, Francis, Mark Sobel, Sobel, Alexander Hamilton, David Lawder, Davide Barbuscia, Heather Timmons, Alistair Bell Organizations: Fitch, REUTERS, White House, Reuters, U.S . Treasury, Republicans, Congress, U.S, AAA, Treasury, Social Security, Capitol, Trump, longtime Treasury, Thomson Locations: Canary Wharf, London, Britain, U.S
Francesca Gino is suing Harvard and bloggers who accused her of data fraud for $25 million. Francesca Gino is suing Harvard and the bloggers who accused her of data fraud in a $25 million lawsuit. The Harvard professor claims they "worked together to destroy my career and reputation." In the June blog posts, Data Colada reported on a series of anomalies in Gino's data. Some worry the lawsuit will make exposing data fraud even more difficultGino is not the first high-profile professor that Data Colada has accused of unethical behavior.
Persons: Francesca Gino, Gino, Data Colada, , Uri Simonsohn, Joe Simmons, Leif Nelson —, Gino's, Simine Vazire, Goldman Sachs, Michael Sanders, Colada, Gary Pisano, Harvard, Data, Sanders, ESADE Business School —, Francesca Gino's, Simonsohn, Simmons, Nelson, Nick Brown, Vazire Organizations: Harvard, Data, LinkedIn, Data Colada, University of Melbourne, Disney, Alaska Airlines, Harvard Business School, King's College London, ESADE Business School, YouTube, Wharton Locations: Harvard
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