Exclusive-Investor Ackman backs bid by dissidents for Harvard board seats
By Svea Herbst-Bayliss (Reuters) - Billionaire hedge fund manager William Ackman, who joined other Harvard graduates in successfully calling for the ...
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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 university's alumni association. Ackman's 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 school's second-highest governing body, with the power to approve or reject the hiring of Harvard's 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.