Billionaire Harvard alum agrees school may need to lose tax-exempt status, calls for a 'change in leadership'
Story by Lindsay Kornick • 2h
Billionaire and Harvard alum Bill Ackman told CNBC’s "Squawk Box" on Monday that there needs to be a change in corporation leadership at his alma mater.
The Trump administration has targeted universities like Harvard University over their failures to reign in antisemitic protests on campus since Oct. 7, 2023. President Donald Trump has so far frozen $2.2 billion worth of federal grant money to Harvard and called on the Internal Revenue Service (IRS) to revoke the school’s tax-exempt status.
Ackman, a vocal critic of Harvard, agreed with the idea of removing Harvard’s non-profit status, though he admitted doubting it will end up happening.
BILLIONAIRE HARVARD ALUM ACCUSES UNIVERSITY OF DISCRIMINATING AGAINST WHITE MALES, CONSERVATIVES
Ackman said the proper response by the school should be to acknowledge the things Trump is right about in his attacks and work to correct these examples. He called out Harvard’s decision to instead sue the Trump administration for freezing federal funding as "the wrong thing to do."
"Harvard became, over time, a political advocacy organization for one party," Ackman said. "When a university goes from being a university to becoming a political advocacy organization, it doesn’t deserve nonprofit status."
https://www.msn.com/en-us/money/careers/billionaire-harvard-alum-agrees-school-may-need-to-lose-tax-exempt-status-calls-for-a-change-in-leadership/ar-AA1EfqGy?ocid=widgetonlockscreen&cvid=a93c17bb9bc247efb29357811c851a44&ei=79
