1/3/2024 0 Comments School of dragons update fails![]() ![]() He specifically cites Magill’s disastrous testimony before Congress earlier this week. ![]() Stevens, a Penn alum and CEO of Stone Ridge Holdings, argues he has clear grounds to rescind $100 million worth of shares in his company that are currently held by Penn. Wall Street CEO Ross Stevens sent a letter on Thursday to Penn threatening to take steps that would cost the Ivy League school approximately $100 million if Magill stays on as president, CNN has learned. Magill had already been under fire from prominent donors, faculty, students and alumni prior to Tuesday’s hearing after multiple incidents of antisemitism on campus in recent months – and what critics have said was a tepid response to those incidents.Ī major donor called on Magill to resign and threatened to rescind stock, costing the university $100 million if she doesn’t. Instead, they explained it would depend on the circumstances and conduct. But Magill faced a rebellion from Wharton’s Board of Advisors, and a growing coalition of donors, politicians and business leaders who denounced her testimony.ĭuring Tuesday’s House hearing, Magill, along with the presidents of Harvard and MIT, did not explicitly say that calling for the genocide of Jews would necessarily violate their code of conduct on bullying or harassment. Magill remained president after the hastily arranged board gathering concluded Thursday, a source familiar with the proceedings told CNN. And the powerful Wharton Board of Advisors that leads the university’s prominent business school called for a leadership change at the university. The university’s board of trustees held an emergency meeting Thursday. Prominent donor Ross Stevens threatened to claw back a $100 million donation. ![]() The walls appear to be caving in on the University of Pennsylvania’s president, Liz Magill, who faces scathing criticism over her performance at a House hearing earlier this week. ![]()
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