The investor and Harvard alum on CNBC Monday criticized Harvard Corporation’s leadership, including senior fellow Penny Pritzker. “It’s time for a change in leadership in the board at Harvard,” Ackman said.
President Trump renewed his threat to revoke the school’s tax-exempt status on Friday, saying in a Truth Social post, “It’s what they deserve!” An administration official said the president’s post wasn’t a formal directive to the Internal Revenue Service to take action.
The threat prompted condemnation from Harvard President Alan Garber, who called the move “highly illegal” and “destructive to Harvard.”
“Tax exempt status is granted to educational institutions to enable them to successfully carry out their mission of education and, for research universities, of research,” Garber told The Wall Street Journal on Friday. “Obviously that would be severely impaired if we were to lose our tax exempt status.”
Ackman, who endorsed Trump’s 2024 presidential bid, has been critical of the president’s trade war.
The heat is rising on Penny Pritzker, the senior fellow on Harvard’s powerful governing board
