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NEW YORK (AP) — Asking for privacy, hip-hop legend and longtime marijuana enthusiast Snoop Dogg says he's going to stop smoking — though he didn't specify exactly what that might mean. Representatives for the 52-year-old Snoop, born Calvin Cordozar Broadus Jr., did not immediately respond to The Associated Press' requests for comment Friday. That didn't stop ample speculation from fans, many of whom filled the comments of Snoop's post after being caught off guard by his decision. Others applauded the announcement and suggested Snoop may have chosen to stop smoking for his own personal health. Just last week, BIC EZ Reach Lighters announced a limited edition, bag-lighter combo from Snoop and Stewart called " Best Buds Bags."

Persons: Snoop Dogg, I've, Snoop, Calvin Cordozar Broadus, Americus Reed, ” Reed, Reed, Martha Stewart, Stewart Organizations: Associated Press, Americus, University of Pennsylvania's Wharton School of Business, Leafs

☆ Watch CNBC’s full interview with Jeremy Siegel, Lauren Goodwin and Jordan Jackson
▼ + stars: | 2023-11-15 | 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 EmailWatch CNBC’s full interview with Jeremy Siegel, Lauren Goodwin and Jordan JacksonJeremy Siegel, Wharton School professor of finance, Lauren Goodwin, New York Life Investments economist, and Jordan Jackson, JPMorgan global market strategist, join 'Closing Bell' to discuss their outlook on the Fed, recession risks, and more.

Persons: Jeremy Siegel, Lauren Goodwin, Jordan Jackson Jeremy Siegel, Jordan Jackson Organizations: Wharton School, New York Life Investments, JPMorgan Locations: New York

☆ We are not going to have any more inflation, says Wharton's Jeremy Siegel
▼ + stars: | 2023-11-15 | 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 EmailWe are not going to have any more inflation, says Wharton's Jeremy SiegelJeremy Siegel, Wharton School professor of finance, joins 'Closing Bell' to discuss his expectation for the Fed's next move,

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Wharton School

☆ Wharton psychologist on the 3 biggest challenges facing workers right now: ‘We have a responsibility' to make them better
▼ + stars: | 2023-11-15 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

(Photo by Lawrence Sumulong/Getty Images)Workplace culture is changing, and Wharton organizational psychologist Adam Grant wants Americans to keep up. Now they are announcing a research grant award of up to $100K to researchers looking into areas of human potential and workplace trends in which Grant thinks there will be important cultural shifts. Grant explains the top three areas he's focused on — employee motivation, workplace well-being and AI — and what he suspects will be changing. Going from languishing to flourishingWorkers are struggling with motivation and it's leading to an overall feeling of stagnation and emptiness, Grant says. To do so, company leadership should value employee well-being, Grant says.

Persons: Adam Grant of, Lawrence Sumulong, Adam Grant, Grant, BetterUp, haven't, Martin Kilduff, Ginka Toegel, we've Organizations: CANADA, Wharton School, University of Pennsylvania, CNBC, Economic, Future Forum Locations: VANCOUVER, TED2018, Vancouver, Canada

☆ AI is going to force millions of workers to train for new jobs. The US has historically been terrible at this.
▼ + stars: | 2023-11-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Experts say many of those workers will need to be retrained for new jobs to avoid being left behind. The US economy has struggled in recent decades to help workers adjust to job disruptions. Emerging generative AI technologies like ChatGPT could eliminate or change the nature of millions of jobs over the next decade. AdvertisementWhen Donald Trump promised to bring back manufacturing jobs before the 2016 election, he was speaking to the Americans who had been left in the lurch. But many overseas jobs aren't likely to return anytime soon, among the reasons job retraining was — and remains — necessary for impacted workers.

Persons: —, Richard Baldwin, Seth Carpenter, Morgan Stanley, hasn't, Donald Trump, Michael Chui, Chui, Ethan Mollick Organizations: Service, Global, Economic, Institute, McKinsey Global Institute, University of Pennsylvania's Wharton School, PricewaterhouseCoopers, IBM, Schools Locations: United States, Mexico

☆ Elon Musk started a price war that Tesla can't win
▼ + stars: | 2023-11-12 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Elon Musk has started an electric-vehicle price war that Tesla can't finish. In April, Ford CEO Jim Farley said Tesla's cuts could start an unsustainable price war. If it slides back into the red because of its price cuts, expect investors to run in another direction. In China, Tesla's price cuts even sparked protests among owners who paid more for their vehicles. Waging price war during a downturn is a challenge unlike any Tesla has faced before.

Persons: Elon Musk, Tesla, Mark Schirmer, crumb, John Zhang, Musk, —, he's, hasn't, — it's, Frederic J . Brown, Ford, John Lawler, Schirmer, I've, it's, Jim Farley, Elon, Oliver Zipse, Zhang, they're, they'd, Zach Kirkhorn, Linette Lopez Organizations: Cox Automotive, —, Revenue, Wharton School, Ford, BMW, Getty, GM, Mercedes, EV, Hyundai Locations: AFP, China

☆ Detained, missing or under investigation: Business leaders in China face an ‘aggressive’ crackdown
▼ + stars: | 2023-11-10 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —Business leaders in China are under immense pressure, as the country’s leader Xi Jinping intensifies a regulatory crackdown on companies and strengthens its control of the economy. They face rising risks, including the possibility of police raids and detentions of staff, in the world’s second largest economy. A former banker, he has invested in a series of Chinese companies since 2000 and brought their shares to the public markets in mainland China and Hong Kong. No end in sightThe crackdown this year has spooked the business community in China, but it is not unfamiliar. Xi launched a sweeping regulatory crackdown on the private sector in 2020, which wiped trillions of dollars off the market value of Chinese companies worldwide.

Persons: Xi Jinping, ”, Doug Guthrie, ” Guthrie, Tencent, Chen, Zhao Bingxian, “ China’s Warren Buffett, Zhao, Guthrie, “, Zhou Zheng, Zhou, watchdogs, Zhang Hongli, Bao Fan, Bao, Xi, Kevin Frayer, Mauro Guillen, ” Guillen Organizations: Hong Kong CNN — Business, China Initiatives, Arizona State University’s Thunderbird School of Global Management, CNN, Cyberspace Administration of China, Wohua Pharmaceutical, Central Commission, National Supervisory Commission, COFCO, Industrial, Commercial Bank of, Wharton School, University of Pennsylvania Locations: China, Hong Kong, Communist, Beijing, Arizona, Shenzhen, “ Beijing, DouYu, Shandong, Commercial Bank of China

☆ Wharton psychologist on how to reach your potential: People ‘really underestimate the slow learners, the late bloomers’
▼ + stars: | 2023-11-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"Natural talent is overrated," Grant, a bestselling author and psychology professor at the University of Pennsylvania's Wharton School, recently told CNBC's "Squawk Box." And I think that leaves us to really underestimate the slow learners, the late bloomers." Those "slow learners" develop such traits by necessity from an earlier age, priming them well for achievement later in life, he added. Late bloomers also tend to be particularly skilled at turning weaknesses into strengths, and if you can master something you're bad at, you're well-equipped to handle most types of challenges, Grant told "Squawk Box." "The feeling that something is uncomfortable is a signal that you're about to learn something new," Grant told the New York Times last month.

Persons: Adam Grant, bloomer, Grant, CNBC's, prodigies, you've, they're, Mark Cuban, Grant's, Cuban, I've, Warren Buffett Organizations: University of Pennsylvania's Wharton School, New York Times, Research

Ivanka Trump’s brothers, Eric Trump and Donald Trump Jr., who are co-defendants in the case, testified last week. Video Ad Feedback Analyst: Ivanka Trump isn't a 'secondary player' in fraud trial 04:12 - Source: CNN“Mr. Trump and Ivanka Trump participated personally in the bidding process in 2011,” the attorney general’s office wrote. “The record before us…indicates that defendant Ivanka Trump was no longer within the agreement’s definition of ‘Trump Organization’ by the date the tolling agreement was executed,” the order states. “The allegations against defendant Ivanka Trump do not support any claims that accrued after February 6, 2016.

Persons: New York CNN — Donald Trump’s, Ivanka Trump, Letitia James ’, badgered, Arthur Engoron, Engoron, Ivanka Trump’s, Eric Trump, Donald Trump Jr, Jared Kushner, Trump, Ivanka, “, ” Engoron, ”, “ I’ve, I’ve, I’m, James ’, ” Trump, Bennet Moskowitz, Trump’s, Chris Kise, Donald Bender Organizations: New, New York CNN, Trump Organization, Ivanka, Trump, Doral, “, Deutsche Bank, Mr, Post, CNN, GSA, Wharton School of Business, University of Pennsylvania, ‘ Trump Organization ’ Locations: New York, Manhattan, Florida, Chicago, Washington , DC, Trump, Mazars

☆ Fed Chair Powell has to be very alert to slow down, says Wharton's Jeremy Siegel
▼ + stars: | 2023-11-06 | 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 EmailFed Chair Powell has to be very alert to slow down, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, economic outlook, and more.

Persons: Powell, Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business

☆ The Billionaire Donor Taking On His Alma Mater Over Antisemitism
▼ + stars: | 2023-11-04 | by ( Rachel Louise Ensign | ) www.wsj.com time to read: 1 min

When Marc Rowan ’s father died while he was a student at the University of Pennsylvania and the family could no longer afford tuition, the school told him he could finish paying whenever he was able. Rowan sent the university the money a few months after graduation, using his first bonus from his job as a junior investment banker at Drexel Burnham Lambert. Grateful for its generosity, he kept giving to Penn as he climbed to the pinnacle of Wall Street power. He donated $50 million to its Wharton school in 2018, the largest gift the business school had ever received at the time.

Persons: Marc Rowan ’, Rowan, Drexel Burnham Lambert Organizations: University of Pennsylvania, Drexel, Penn, Wharton

☆ 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's Jeremy Siegel: I do think we're going to have a year-end rally in 2023
▼ + stars: | 2023-10-30 | 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 EmailWharton's Jeremy Siegel: I do think we're going to have a year-end rally in 2023Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business, joins 'Squawk Box' to discuss the latest market trends, rising Treasury yields, and more.

Persons: Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ 3 Ways to Unlock Your ‘Hidden Potential’
▼ + stars: | 2023-10-26 | by ( Melinda Wenner Moyer | ) www.nytimes.com time to read: +1 min

In a culture that focuses so intensely on success, it’s easy to feel like a failure. But according to the organizational psychologist Adam Grant, that might be because we’re thinking about achievement all wrong. Many people assume that accomplishments are tied closely to innate ability, so they give up on pursuits they find challenging. That’s a mistake, Dr. Grant writes in his new book, “Hidden Potential: The Science of Achieving Greater Things.”Dr. Grant shares anecdotes about people who accomplished the extraordinary despite showing little aptitude at first — including himself. Interwoven with the stories he shares, Dr. Grant analyzes the paths and strategies that led to each success and discusses relevant insights from the research literature — his home turf.

Persons: Adam Grant, Grant, Dr, ” He’s Organizations: Junior Olympic, Wharton School, University of Pennsylvania, The Times

☆ Anita A. Summers, Economist, Dies at 98; Brought Rigor to Public Policy
▼ + stars: | 2023-10-26 | by ( Clay Risen | More About Clay Risen | ) www.nytimes.com time to read: +1 min

Anita A. Summers, an economist at the Wharton School of the University of Pennsylvania who injected quantitative rigor into a wide variety of public policy topics, including zoning, education and tax incentives, died on Sunday at her home in Gladwyne, Pa. She was 98. Her son Lawrence H. Summers, the economist and former secretary of the Treasury, confirmed the death. Though she spent much of her career in academia, Mrs. Summers was far from a hidebound intellectual. She was the founding chairwoman of Wharton’s public policy and management department, the first of its kind at a business school. (It is now called the department of business economics and public policy.)

Persons: Anita, Summers, Lawrence H Organizations: Wharton School, University of Pennsylvania, Treasury, Wharton, Federal Reserve Bank of Philadelphia Locations: Gladwyne, Pa

☆ Stocks are clearly the place to be if we get stronger growth, says Wharton's Jeremy Siegel
▼ + stars: | 2023-10-23 | 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 EmailStocks are clearly the place to be if we get stronger growth, says Wharton's Jeremy SiegelJeremy Siegel, Wharton School professor of finance, joins 'Squawk on the Street' to discuss whether Siegel believes earnings for the quarter will impress, the current geopolitical climate, and his thoughts on the Japanese economy.

Persons: Wharton's Jeremy Siegel Jeremy Siegel, Siegel Organizations: Wharton School

☆ 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

☆ America’s Debt Crisis Burns While Congress Fiddles
▼ + stars: | 2023-10-20 | by ( Tim Smart | ) www.usnews.com time to read: +9 min

Last month, the Penn Wharton Budget Model from the University of Pennsylvania came out with an analysis of the debt crisis entitled “When Does Federal Debt Reach Unsustainable Levels?”Their answer? The concern is that punting the problem into the future, continuing to raise debt even as interest rates rise further or hold at higher levels for longer, the debt will grow even faster in a “snowball” scenario. Similar proposals have been offered over the years but at the same time they seem to lack political support – indeed, Republicans have recently voiced the idea of cutting Social Security. The debt crisis is rapidly worsening at a time when the bond market is having its own set of problems. A recent government auction of debt, an occurrence that is becoming more common as the U.S. borrows more, saw weak demand.

Persons: Dick Cheney, Richard Neal, Democrats –, Blu Putnam, Alan Greenspan, Ben Bernanke, Jerome Powell, ”, Gene Steuerle, Richard B, Fisher, probity, Kevin McCarthy, Kent Smetters, Boettner, Smetters, Richard Robis, Donald Trump Organizations: Capitol, Democratic, Massachusetts, The New York Times, Federal Reserve, Partisans, Democrats, Fed, CME Group, Social Security, Medicare, Urban Institute, California Rep, Penn Wharton Budget, University of Pennsylvania, University of Pennsylvania's Wharton School, Wharton, Social, Republicans, Treasury, Hamas, BCA Research, White House Locations: U.S, United States, Washington, China, Japan, Israel

☆ The marketing failure that's going to kill us all
▼ + stars: | 2023-10-19 | by ( Jake Safane | ) www.businessinsider.com time to read: +12 min

A good example of bad climate marketing comes from the Irish budget airline Ryanair. Carbon offsets involve contributing money to a project that will help avoid, reduce, or remove carbon emissions from the atmosphere, such as planting trees or building wind farms. Some of the most successful corporate efforts at climate marketing place more emphasis on consumers' personal concerns. According to the International Energy Agency, global carbon emissions reached a record high last year. The more you focus on what everyday people care about, Berger said, the more effective your marketing campaign will be.

Persons: they've, —, Jonah Berger, that's, Jonathan Ernst, Biden, Jenna DiPaolo, DiPaolo, John Oliver, Oliver, Ben Forman, Ryanair, Forman, " Forman, Tesla, " Berger, Berger, Jake Safane Organizations: Keystone XL, Pew Research, Wharton School, University of Pennsylvania, REUTERS, National Petroleum Reserve, Greenpeace, Wildlife, Ryanair, International Monetary Fund, International Energy Agency, United Nations Locations: Canada, Alaska, Greenpeace USA, Ireland, Phoenix

☆ 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

☆ Bonds have proven to been a very bad hedge against inflation, says Wharton's Jeremy Siegel
▼ + stars: | 2023-10-17 | 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 EmailBonds have proven to been a very bad hedge against inflation, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business, joins 'Squawk Box' to discuss the latest market trends, why he believes equities are poised for a year-end rally, rising bond yields, and more.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business

☆ 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

☆ UPenn in crisis over antisemitism allegations: Jon Huntsman is the latest donor to stop giving, and a board member resigns
▼ + stars: | 2023-10-16 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Former US Ambassador Jon Huntsman blasted the University of Pennsylvania’s response to antisemitism and is promising to halt his family’s donations to the prestigious university. The strong criticism from Huntsman, a 1987 graduate and former UPenn trustee, comes amid a growing backlash from donors and trustees. The Huntsman family has been such prominent supporters of UPenn that the Huntsman name is on the main Wharton School building. The controversy began last month when a multiday event took place on campus at UPenn called the Palestine Writes Literature Festival. Magill, UPenn’s president, is trying to quell the backlash and conceded the response to the Palestine Writes Literature Festival was inadequate.

Persons: Jon Huntsman, Huntsman, UPenn, Marc Rowan, Liz Magill, ” Huntsman, Magill, ”, leadership’s, “, Vahan Gureghian, ” Gureghian, ” Magill, ” Scott Bok, ” Bok Organizations: New, New York CNN, Former, University of, Wharton School, CNN, Daily, . Huntsman, Huntsman Foundation, Penn, UPenn’s, “, University Locations: New York, UPenn, Israel, Utah, China, Singapore, Russia, Penn

☆ Billionaire CEO demands UPenn leaders quit and donations halt over alleged failure to address antisemitism on campus
▼ + stars: | 2023-10-12 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —Wall Street CEO Marc Rowan is calling for the leaders of the University of Pennsylvania to resign and donors to close their checkbooks over an alleged failure to condemn antisemitism and hate. Words of hate and violence must be met with clear, reasoned condemnation, rooted in morality from those in positions of authority,” Rowan wrote. Rowan, whose fortune is estimated by Forbes to be nearly $6 billion, is one of the university’s wealthiest donors and supporters. But the billionaire CEO argues UPenn leaders failed to condemn the “hate-filled” Palestine Writes Literature Festival, a multi-day event that took place at the university’s campus last month. “We unequivocally – and emphatically – condemn antisemitism as antithetical to our institutional values,” the UPenn leaders wrote.

Persons: Marc Rowan, Rowan, UPenn, ” Rowan, ”, Elizabeth Magill, John Jackson , Jr, “, ‘, Scott Bok, Magill, Bok, Julie Platt, Penn, ” Platt, ” Bok, “ Mr, ’, Jackson, Jr, Steven Fluharty, Rowan’s UPenn, Bill Ackman, Israel Organizations: New, New York CNN, Wall, University of Pennsylvania, Apollo Global Management, Forbes, Wharton School, Ivy League, Penn, Hamas, University, Penn’s, Trustees, Greenhill & Co, Penn’s Board, School of Arts & Sciences, Daily, CNBC, Harvard University Locations: New York, Israel, Palestine, UPenn

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