Page 3 - Sam Lessin News Today

By Svea Herbst-Bayliss (Reuters) - Billionaire hedge fund manager William Ackman, who joined other Harvard graduates in successfully calling for the ...

Over his backing of ‘dissidents’, William Ackman has said Harvard needs to change and bringing fresh young blood onto the board of overseers can help with that

Billionaire Bill Ackman is following up his successful campaign to get Harvard President Claudine Gay to resign by backing a bid by four dissident alumni to join its board of overseers.

The development represents a new challenge to the board, whose 30 members are typically nominated by the universitys alumni association. Ackmans endorsement of the four write-in board candidates echoes his playbook as an activist shareholder, pursuing board seats at companies to push for changes. The board is the schools second-highest governing body, with the power to approve or reject the hiring of Harvards president. Each year, five seats on the board are up for election.

The development represents a new challenge to the board, whose 30 members are typically nominated by the university's alumni association.

Billionaire Bill Ackman is stepping up his campaign to overhaul Harvard University by throwing his considerable influence behind a slate of four outsider candidates vying to join the university’s board of overseers.

Billionaire Bill Ackman is stepping up his campaign to overhaul Harvard University by throwing his considerable influence behind a slate of four outsider candidates vying to join the university’s board of overseers. The move by Ackman takes a page out of the playbook that made him successful on Wall Street.

Billionaire hedge fund manager William Ackman, who joined other Harvard graduates in successfully calling for the university's president Claudine Gay to resign, is pressing forward with his efforts to reshape the Ivy League school's governance by backing a bid by four dissident alumni to join its board of overseers. The development represents a new challenge to the board, whose 30 members are typically nominated by the university's alumni association. Ackman's endorsement o...

Billionaire hedge fund manager William Ackman, who joined other Harvard graduates in successfully calling for the universitys president Claudine Gay to resign, is pressing forward with his efforts to...

The past few months have been an absolute nightmare for Harvard University.