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☆ Taylor Swift's Eras Tour is coming for Europe's economy after boosting the US's this summer
▼ + stars: | 2024-01-12 | by ( Jordan Hart | Madeline Berg | ) www.businessinsider.com time to read: +1 min

Europe is already experiencing an economic boost as Swifties prepare for The Eras Tour. Taylor Swift's record-breaking tour will go to 18 European cities this summer. Swift's US tour boosted hotel revenues across the country and affected the economy. Taylor Swift is taking her Eras Tour to 18 European cities this year, and the continent is already seeing financial gains. Hotels and short-term rentals in the European cities where Swift is performing this summer are already filling up.

Persons: Taylor Swift's, —, Taylor Swift, Swift Organizations: Service, Business Locations: Europe

Tiger Woods and Nike are splitting up. Woods thanked the Nike cofounder Phil Knight in his statement on the departure. Woods and his son, Charlie Woods, sport matching Nike apparel at the 2022 PNC Championship. AdvertisementDespite the incredibly lucrative nature of its deal with Woods, Nike has increasingly moved out of the golf business in recent years. Andrew Redington/Getty ImagesKnight's company has continued selling golf clothing and shoes — including Woods' apparel line — in the years since.

Persons: Tiger Woods, Woods, Phil Knight, —, he's, Forbes, Charlie Woods, Mike Ehrmann, Knight —, Andrew Redington Organizations: Nike, Service, Business, Oregonian, Carnegie Mellon, Riviera Country Club Locations: Los Angeles, LA

☆ How plagiarism by Claudine Gay, Harvard's former president, compares to that of Neri Oxman, an academic and Bill Ackman's wife
▼ + stars: | 2024-01-05 | by ( Lloyd Lee | Madeline Berg | ) www.businessinsider.com time to read: +9 min

"Part of what makes her human is that she makes mistakes, owns them, and apologizes when appropriate," he wrote in a post on X following Business Insider's report on Oxman's plagiarism. That's a starkly different approach from the one he took toward Gay after she stepped down as president earlier this week. At the time, Ackman said she should be fired from Harvard's faculty entirely because of what he called "serious plagiarism issues." However, the instances of Oxman's and Gay's plagiarism have more similarities than differences, according to experts and an internal analysis. "It indicates a bad process to drafting this stuff, and I would say that's true for both Gay and Oxman," he said.

Persons: Neri Oxman, MIT who's, Bill Ackman, Ackman, Claudine Gay —, —, Gay, Jonathan Bailey, Bailey, Oxman, Steve Weiner, Daniel Wagner, Christopher Rufo, Christopher Brunet, Lawrence Bobo, Franklin D, — Lawrence Bobo, Gilliam, Jr, Bobo, — Claudine Gay, Anne R, Williamson, Peder Anker, Carol Swain, Swain, Claus Mattheck, Mattheck, David Covin, It's, Peder Anker's Organizations: MIT, Harvard, Gay, American Conservative, The New York Times, Miami University, Harvard Crimson, Vanderbilt University, National, of Struggle, O Movimento, Centers of Struggle Locations: Harvard, German, Luta, O, afoxés

☆ Bill Ackman wants more college presidents to be business people. But that's not the way it works.
▼ + stars: | 2024-01-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Advancing through academia to the role of president is still the traditional route, with 54% of college presidents in the US taking this path. That's according to the American Council on Education's 2023 American College President Study, which surveyed more than 1,000 presidents. AdvertisementA 2017 Deloitte survey of sitting college presidents found they "overwhelmingly agreed" that campus leaders need academic experience. Business people aren't a popular choice for the position for several reasons, many of which have to do with a president's responsibilities. AdvertisementCautionary tales of presidents with business backgroundsWhile it's unfair to write off university leaders from business backgrounds, some recent experiments do provide a cautionary tale.

Persons: —, Bill Ackman, Claudine Gay, isn't, Ackman, Ackman doesn't, doesn't, Benjamin Ginsberg, it's, Ginsberg, Harvard's Gay, he's, Gay, Tim Wolfe, Simon Newman Organizations: Service, Harvard, Business, American Council, Study, Deloitte, Bloomberg, Johns Hopkins University, Faculty, IBM, Novell, University of Missouri, Mary's University, Education's, Futures Lab Locations: Mount St

☆ On the eve of Tesla's next major release, Elon Musk gave a bizarre, long-winded interview about everything but the Cybertruck
▼ + stars: | 2023-11-30 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +5 min

Elon Musk didn't have much to say about the Cybertruck during an interview the day before its launch. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk has previously called Cybertruck Tesla's "best product ever," and millions of fans have been waiting for the launch since 2019. Musk's panel started nearly 15 minutes late, leaving the audience — including the likes of hedge fund titan Bill Ackman and X CEO Linda Yaccarino — waiting. But after more than 20 minutes of defensive posturing, his mood shifted when Sorkin brought up Musk previously calling his mind "a storm."

Persons: Elon, —, Tesla, you'd, Andrew Ross Sorkin, Bill Ackman, Linda Yaccarino —, Kamala Harris, Bob Iger, Jamie Dimon, Harris, Sorkin, pluses, Dimon, Sorkin —, Musk, Jonathan, Bob, Iger, Yaccarino, Nietzsche, Sam Altman, he's, Sam, — he's Organizations: Service, Disney, JPMorgan, IBM, Apple, White House, —

☆ Remember when Disney's Bob Iger floated selling ABC? Turns out, he was just testing the waters.
▼ + stars: | 2023-11-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Over the summer, Bob Iger seemed to hint that ABC and Disney's other networks were for sale. Since returning as CEO, Iger has turned his focus to streaming. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "That was a means of my saying to Wall Street or the investment community that our heads were not in the sand about the challenges that those businesses were having," he said Wednesday. Perhaps Iger is once again testing the waters of the investment community.

Persons: Bob Iger, Iger, —, Disney, Byron Allen Organizations: Service, ABC, Disney, The New York Times, Summit, CNBC, Allen, Co, Nexstar Media Group, Allen Media Group, Geographic Locations: Sun Valley , Idaho

☆ Elon Musk just used very foul language to tell X advertisers to go away
▼ + stars: | 2023-11-29 | by ( Lloyd Lee | Madeline Berg | ) www.businessinsider.com time to read: +3 min

Elon Musk was questioned about his antisemitic comments on X during the New York Times' DealBook Summit. Musk repeatedly said that advertisers can go "fuck" themselves. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk repeatedly told companies who pulled advertisements from his social media platform X to "go fuck yourself," during an interview for The New York Times DealBook Summit on Wednesday. Over the weekend, the New York Times reported that X may lose up to $75 million from the advertiser exodus.

Persons: Elon Musk, Musk, Bob Iger, —, Andrew Ross Sorkin, Elon, it's Tesla, Iger, Linda Yaccarino Organizations: New York Times, Disney, Service, The New York Times, Summit, SpaceX, ABC, ESPN, IBM, Apple, Lionsgate, Media

☆ Jamie Dimon reveals what he would do as president: Tax people like Bill Ackman more
▼ + stars: | 2023-11-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Hedge-fund manager Bill Ackman asked JPMorgan CEO Jamie Dimon what he'd do if he were president. The CEO said he'd get rid of the carried interest loophole and increase the earned income tax credit. At the New York Times DealBook Summit this morning, audience member and hedge fund titan Bill Ackman asked JP Morgan CEO Jamie Dimon what he'd do if he were president. asked Ackman, who has previously called on Dimon to run for president. Despite votes of confidence from the likes of Ackman, Dimon has said that he won't run for president.

Persons: Bill Ackman, Jamie Dimon, he'd, —, Morgan, Ackman, Dimon, Robin Hood Organizations: Service, New York Times, Treasury, Democrats Locations: France

☆ 5 Trends to Bet Your Career On
▼ + stars: | 2023-11-22 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

Innovation undoubtedly drives business growth — but it also powers new and exciting career opportunities. Artificial intelligence probably comes to mind as one example, especially in the wake of generative AI, but that's not the only story. AdvertisementIn this series, 5 Trends to Bet Your Career On, Business Insider is highlighting five fast-moving trends that are activating new professional opportunities for those just starting out, as well as those looking for something new. Each of the trends is explained in detail, with an accompanying essay from someone who has chosen that path. Credits:Series Editors: Madeline Berg, Lauryn Haas, Julia Hood, Manseen Logan, Nathan McAlone, Josée Rose, Bartie Scott, Debbie Strong.

Persons: that's, Madeline Berg, Lauryn Haas, Julia Hood, Manseen Logan, Nathan McAlone, Josée Rose, Bartie Scott, Debbie Strong, Marta Biino, Catherine Boudreau, Alyshia, Madison Hoff, Aaron Mok, Amanda Perelli, Noah Sheidlower, Aria Yang, Jinyoung Chang, Rodriguez, Bryan Erickson, Taylor Tyson, Rebecca Zisser Organizations: Business Locations: Alyshia Hull

☆ Why you should care about Sam Altman, Microsoft, and the OpenAI CEO mess
▼ + stars: | 2023-11-20 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Sam Altman was forced out of his position as the CEO of OpenAI on Friday. The announcement kicked off a weekend of chaos involving Altman, Microsoft, and the firm behind ChatGPT. AdvertisementOn Friday afternoon, the tech world reverberated with news that Sam Altman was being pushed out as the CEO of OpenAI, the artificial intelligence firm behind ChatGPT. Why is it so important that OpenAI and Microsoft figure it all out? To back up: Since 2019, Microsoft and OpenAI, which was founded as a nonprofit dedicated to artificial intelligence research, have worked together.

Persons: Sam Altman, Altman, —, Greg Brockman, Brockman, ChatGPT, Satya Nadella, openai, Claude, Bard Organizations: Microsoft, Service, OpenAI, microsoft, Canva, JetBlue Locations: ChatGPT

☆ Tesla investors and business leaders slam Elon Musk for endorsing an antisemitic post
▼ + stars: | 2023-11-17 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Elon Musk is facing backlash from business leaders after he appeared to endorse an antisemitic conspiracy theory. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementElon Musk is facing backlash from the business community after he appeared to endorse an antisemitic post on X. AdvertisementAnother Tesla bull, Gary Black, whose Future Fund invests in Tesla, similarly reported that clients had reached out to him regarding Musk's comments. While the backlash escalates, Musk's chosen X CEO Linda Yaccarino is left to clean up the growing mess.

Persons: Elon Musk, —, Elon, Musk, Musk's, Dustin Moskowitz, Marc Bodnick, Andrew Left, Tesla, Ross Gerber, I've, Gary Black, Kristin Hull, Nia, demote, Bravo —, Linda Yaccarino Organizations: IBM, Service, Buffalo, Elon, SpaceX, BMW, CNBC, EV, Tesla, Nia Impact, Employees, Media, Apple, Oracle Locations: Pittsburgh

☆ Sam Altman out as OpenAI CEO after board loses confidence in him
▼ + stars: | 2023-11-17 | by ( Madeline Berg | Aaron Mok | ) www.businessinsider.com time to read: +4 min

OpenAI's board announced CEO Sam Altman is out, effective immediately. "We are grateful for Sam's many contributions to the founding and growth of OpenAI," a statement from OpenAI's board said. Prior to OpenAI, Sam Altman was the president of Y Combinator, after his startup Loopt was part of the accelerator's first class. Taking the reins from Altman as interim CEO is Murati, who formerly led the technology team at OpenAI. AdvertisementIf you have any insight into the culture at OpenAI or Sam Altman, please reach out to the author at mberg@businessinsider.com.

Persons: Sam Altman, Mira Murati, —, ChatGPT, Altman, what's, OpenAI, Elon Musk, Greg Brockman, Trevor Blackwell, Reid Hoffman, Peter Thiel, Satya Nadella, Y Organizations: Service, Silicon, Microsoft, Google, MIT Technology, New Yorker, OpenAI Locations: OpenAI, openai

☆ The billionaire's social calendar: The must-attend events for the world's wealthiest business icons
▼ + stars: | 2023-11-16 | by ( Madeline Berg | ) www.businessinsider.com time to read: +1 min

Here's where you can find a billionaire at any time of year — and how much it will cost you to join in on the fun. 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 . AdvertisementThere are exactly 2,640 billionaires in the world, according to Forbes. Here's where billionaires mingle, wheel and deal, and relax, and how you can join them — for a small price, of course.

Persons: —, Barts Organizations: Service, Forbes Locations: That's, Davos, Sun Valley, Here's

☆ The billionaire's calendar
▼ + stars: | 2023-11-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

What the rest of us consider small talk at work, Gen Zers have rebranded as "corporate flirting." In today's big story, we're unpacking all the far-flung places and high-end events billionaires visit and attend throughout the year. But by early 2024, there will likely be more Gen Zers working full-time than baby boomers. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004.

Persons: —, Gen Zers, we're, it's, Madeline Berg, Madeline, there's, Laszlo Balogh, Tom Cooper, I'm, Hayley Cuccinello, Hayley, Marianne Ayala, Lelanie Foster, Ruzwana Bashir, Peek —, Bashir —, Tesla, Matt Harrison Clough, Miami —, Karol G, Edgar Barrera, Shakira, Starr Douglas, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Monaco, Sun, Getty, Business, Guinness, Records, Walmart Locations: Davos, London, America, Houston, Miami, Seville, Spain, Macy's, New York City, San Diego, New York

☆ Bob Iger admits Disney's movies aren't all that good anymore
▼ + stars: | 2023-11-08 | by ( Madeline Berg | ) www.businessinsider.com time to read: +2 min

Bob Iger's second run as Disney's CEO has been mired with challenges. One of them: The movies his company has been making just aren't that good. AdvertisementAdvertisementDisney movies aren't the magic that they used to be — and Bob Iger is well aware. It's nice to see Iger admit what many fans of Disney's favorite properties — Marvel and Pixar, to name a few — already know. AdvertisementAdvertisementIger's plan to overhaul the film studio includes being more selective of both the sequels that get made and the new original movies Disney introduces, he said on the call.

Persons: Bob Iger's, —, Bob Iger, There's, Indiana Jones, Michael Nathanson, Iger, Nathanson Organizations: Service, Marvel, Pixar, Disney

☆ There's one thing Taylor Swift isn't talking about
▼ + stars: | 2023-11-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Taylor Swift is officially a billionaire, thanks in part to her lucrative Eras tour. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. There's one thing she's not showing off — or at least not directly: How much money all this is making her. Swift has been through many eras, but her reputation has always been one of relatability. Through her tour, Swift has earned hundreds of millions of dollars on a show for which tickets at face value cost an average $254 in the US — more than double the average concert ticket price of $120, according to Pollstar .

Persons: Taylor Swift, Swift hasn't, —, Taylor Swift's, she's, Travis Kelce, Swift, Jay, Kylie Jenner, — Swift hasn't, Pollstar, hasn't, Adam Aron Organizations: Service, Bloomberg, Forbes, Big

☆ AMC's CEO thought he was texting naughty photos to a former ballerina fling. Then everything went haywire.
▼ + stars: | 2023-10-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

This "resentment toward her abusers" may have led her to text Aron — a wealthy, powerful man in the public eye, her lawyers said. "Send me a naughty picture," Blackwood texted, a couple weeks into their flirty exchange. When he asked for photos in return, Blackwood sent him images of an unnamed Russian model that she pulled from Instagram. "Ceo scandal is apparently lucrative," Blackwood texted, posing as Brian. AdvertisementAdvertisement"I was shown some images and I was wondering if you're available to speak," the fake reporter texted Aron.

Persons: Adam Aron's, Mia, Aron, Sakoya Blackwood, Adam Aron, Matthew Belloni, Blackwood, She'd, Evander, —, Aron —, paramour, Koya Blackwood Fews, Lila Cohen, Brian, Blackwood texted, he'd, they'd, Brian —, He'd, Brian didn't, there's, he's, abt, Aron didn't, Blackwood didn't, texted Aron, hadn't, Jeff Bezos, Bezos, fiancée Lauren Sanchez —, Aron hasn't, hasn't, Taylor, unfazed, He's Organizations: of, United States, Court Southern District of, Hollywood, AMC, Evander Childs High School, —, Instagram, Arizona, National Enquirer, ppl, FBI, Twitter, Amazon Locations: Southern, of New York, Court Southern District of New York, Bronx, Jamaica, Russian, York City, California, Sinai, Aron

☆ Read the new letter from Mitt Romney and billionaire Seth Klarman slamming Harvard's 'silence' over 'antisemitism on campus' as 'astounding'
▼ + stars: | 2023-10-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

A group of Harvard alum, including Mitt Romney and billionaire Seth Klarman, are condemning its leadership. 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 . On Monday, a group of Harvard alumni including Senator Mitt Romney and billionaire investor Seth Klarman wrote an open letter slamming the school's leadership and its response to purported antisemitism on campus. Other alums condemned Harvard's response to both the terrorist attacks and the student letter.

Persons: Mitt Romney, Seth Klarman, alums, —, Bill Helman, Bain, Mark Nunnelly, Joanna Jacobson, Claudine Gay, Bill Ackman, Les Wexner, Idan Ofer, Batia, Michael Hemesath Organizations: Harvard, Service, Harvard Palestine Solidarity Groups, Harvard's Kennedy School of Government, Ivy League, University of Pennsylvania, Carleton College, Saint John's University Locations: Israel, Gaza

☆ Billionaire donors are loudly boycotting Ivy Leagues. It may not hurt the schools as much as you think.
▼ + stars: | 2023-10-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

But the lost donations might not hurt the schools as much as you might think — at least when taken in isolation. The donors blasting Penn also have given sums that, by any standard, are enormous. Schools could battle a reputational blowUnless the pile-on keeps coming, which it very well might, these schools' bottom lines could be just fine. "As prominent donors withdraw support, other donors may take that as a signal of the loss of institutional focus on education, and these many smaller donors may decide that they too should withdraw support," he added. AdvertisementAdvertisementAt the same time, schools that shift their policies or statements in response to the backlash may be accused of pandering to donors.

Persons: —, Marc Rowan, alums, Huntsman, David Magerman, Clifford Asness, Ronald Lauder, Victoria's, Les Wexner, Michael Hemesath, Penn, Rowan, Lauder, Elizabeth Magill, Hemesath, Max Cavitch Organizations: Harvard, University of Pennsylvania, Service, Ivy League, Penn, Wexner Foundation, Carleton College, Saint John's University, Harvard Kennedy School of Government Locations: Israel, Wharton

☆ Billionaire Ronald Lauder threatens to stop Penn donations unless the school takes a stronger stance against antisemitism
▼ + stars: | 2023-10-17 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Billionaire Ronald Lauder wrote a letter threatening to stop donations to the University of Pennsylvania. AdvertisementAdvertisementRonald Lauder, the billionaire Estée Lauder heir, wrote a searing letter to the University of Pennsylvania's president threatening to stop donations to the school if it doesn't take a stronger stance against antisemitism. "Those invited to the event had a history of not just strong anti-Israel bias, but outright antisemitism," he wrote. "The University did not, and emphatically does not, endorse these speakers or their views," Magill wrote in an email to the Penn community on Sunday. Lauder, who is worth $4.5 billion, per Forbes, has donated millions of dollars to Penn, as has his brother, Leonard.

Persons: Ronald Lauder, Lauder, —, Estée Lauder, Penn, Elizabeth Magill, Marc Rowan, Dick Wolf, Huntsman, David Magerman, Rowan, Magill, Steve Fluharty, Fluharty, Leonard, Batia Ofer, Israel's, Les Organizations: University of Pennsylvania, Service, University of, Apollo Global Management, Penn, Wolf Humanities Center, Ivy League, The Daily, Penn's Department of Arts and Science, University, Forbes, Institute, Wharton School, Penn Law, The Lauder Institute, Republican, Jewish, Harvard, Harvard's Kennedy School, University of Pennsylvania's Locations: Israel, Palestine, Penn, Cambridge

☆ The Huntsman family says it's cutting off its mega-donations to University of Pennsylvania over 'antisemitism'
▼ + stars: | 2023-10-16 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

The Huntsman family halted donations to the University of Pennsylvania over its response to Hamas' terrorist attacks. The family, which has donated tens of millions to Penn, is the latest to "close its checkbook." AdvertisementAdvertisementThe Huntsman family has halted donations to the University of Pennsylvania due to its response to Hamas' terrorist attacks on Israel and the resulting war. AdvertisementAdvertisementThe late Jon Huntsman Sr. attended Wharton on scholarship and went on to become the billionaire CEO of chemical giant Huntsman Corp. Huntsman Jr. has had two stints on Penn's board of trustees. The Huntsman family did not respond to requests for comment ahead of publication.

Persons: Huntsman, —, Jon Huntsman Jr, Singapore —, Elizabeth Magill, Jon Huntsman, Wharton, Magill, Marc Rowan, Scott Bok, Rowan, Penn, Bill Ackman, Batia Ofer, Israel's Organizations: University of Pennsylvania, Service, Huntsman Foundation, Penn, Huntsman Corp, University, Apollo Global Management, Harvard, Harvard Palestine Solidarity Groups, Billionaire, Harvard's Kennedy School of Government, Yale, NYU, Stanford Locations: Penn, Israel, Utah, China, Russia, Singapore, Wharton, Palestine

☆ Tensions are boiling over as America's elite colleges respond to Hamas' terrorist attack on Israel
▼ + stars: | 2023-10-13 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

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

☆ 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

☆ Bill Ackman calls on Harvard to release the names of students in groups holding Israel responsible for Hamas violence — so CEOs don't 'inadvertently hire' them
▼ + stars: | 2023-10-10 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Bill Ackman is calling on Harvard to release the names of students who are part of groups that signed a letter solely blaming Israel for the crisis in Gaza. The billionaire says he and other CEOs want to know so they don't "inadvertently hire any of their members." The letter has drawn backlash from many Harvard alums, including Ackman, for its staunch position. AdvertisementAdvertisementBillionaire hedge fund manager Bill Ackman has called on Harvard University to release the names of students who are members of organizations that signed a letter saying Israel is "entirely responsible" for the violence unfolding in the region. His request to release students' names has received a mixed response on Twitter — certainly not everyone agreed.

Persons: Bill Ackman, Israel, —, Ackman, Ian Bremmer, Larry Summers, Seth Moulton, Ted Cruz, Hama, Claudine Gay Organizations: Harvard, Service, Harvard University, Eurasia Group, Harvard Palestine Solidarity Groups, Harvard Palestine Solidarity Committee, US, Pershing, Capital Management, Pershing Square Foundation, Center for Jewish, Rights Watch, America, Twitter Locations: Gaza, Israel, Harvard Palestine, Harvard

☆ The pressure just got stronger for Bob Iger to carve up Disney
▼ + stars: | 2023-10-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

This means pressure is on for CEO Bob Iger to turn the company's stock around. AdvertisementAdvertisementThe pressure knob for Bob Iger just got turned a little higher. AdvertisementAdvertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time. Since Disney's stock price peaked for the year in February at about $113 per share, it's fallen more than 25% to about $84 per share. AdvertisementAdvertisementABC and Disney's other linear networks, like FX and The Disney Channel, could be among the first to go.

Persons: Nelson Peltz, Bob Iger, —, Iger's, Peltz, Peltz's, he's, Peltz hasn't, Iger, Dan Ives, Apple hasn't, what's, Peter Csathy Organizations: Disney, ABC, ESPN, Service, Fund Management, Street Journal, CNBC, FX, Sun, Apple, Wedbush Securities

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