Bill Ackman

I mean, the future of Harvard, a lot of it's going to depend on who they pick as the next leader. Here's an interesting anecdote that I think has not surfaced publicly. So a guy named Larry Bacow was the previous president of Harvard. Larry Bacow was on the search committee, and they were looking for a new president.

I mean, the future of Harvard, a lot of it's going to depend on who they pick as the next leader. Here's an interesting anecdote that I think has not surfaced publicly. So a guy named Larry Bacow was the previous president of Harvard. Larry Bacow was on the search committee, and they were looking for a new president.

I mean, the future of Harvard, a lot of it's going to depend on who they pick as the next leader. Here's an interesting anecdote that I think has not surfaced publicly. So a guy named Larry Bacow was the previous president of Harvard. Larry Bacow was on the search committee, and they were looking for a new president.

And what was strange was they picked an old white guy to be president of Harvard when there was a call for a more diverse president. And what I learned was Harvard actually ran a process, had a diverse new president of Harvard, and in the due diligence on that candidate shortly before the announcement of the new president,

And what was strange was they picked an old white guy to be president of Harvard when there was a call for a more diverse president. And what I learned was Harvard actually ran a process, had a diverse new president of Harvard, and in the due diligence on that candidate shortly before the announcement of the new president,

And what was strange was they picked an old white guy to be president of Harvard when there was a call for a more diverse president. And what I learned was Harvard actually ran a process, had a diverse new president of Harvard, and in the due diligence on that candidate shortly before the announcement of the new president,

They found out that the president, that presidential candidate had a plagiarism problem and the search had gone on long enough. They couldn't restart a search to find another candidate. So they pick Larry Bacco off the board, off the search committee to be the next president of Harvard as kind of an interim solution.

They found out that the president, that presidential candidate had a plagiarism problem and the search had gone on long enough. They couldn't restart a search to find another candidate. So they pick Larry Bacco off the board, off the search committee to be the next president of Harvard as kind of an interim solution.

They found out that the president, that presidential candidate had a plagiarism problem and the search had gone on long enough. They couldn't restart a search to find another candidate. So they pick Larry Bacco off the board, off the search committee to be the next president of Harvard as kind of an interim solution.

And then there was that much more pressure to have a more diverse candidate this time around, because it was a big disappointment to the DEI office, if you will, and I would say to the community at large. Harvard, of all places, couldn't have a racially diverse president. It sent an important message.

And then there was that much more pressure to have a more diverse candidate this time around, because it was a big disappointment to the DEI office, if you will, and I would say to the community at large. Harvard, of all places, couldn't have a racially diverse president. It sent an important message.

And then there was that much more pressure to have a more diverse candidate this time around, because it was a big disappointment to the DEI office, if you will, and I would say to the community at large. Harvard, of all places, couldn't have a racially diverse president. It sent an important message.

So the strange thing is that they didn't do due diligence on President Gay, and that it was a relatively quick process. So the whole thing I think is worthy of further exploration. So this goes deeper than just the president. Yeah, for sure. When a company fails, most people blame the CEO. I generally blame the board, right?

So the strange thing is that they didn't do due diligence on President Gay, and that it was a relatively quick process. So the whole thing I think is worthy of further exploration. So this goes deeper than just the president. Yeah, for sure. When a company fails, most people blame the CEO. I generally blame the board, right?

So the strange thing is that they didn't do due diligence on President Gay, and that it was a relatively quick process. So the whole thing I think is worthy of further exploration. So this goes deeper than just the president. Yeah, for sure. When a company fails, most people blame the CEO. I generally blame the board, right?

Because the board's job is to make sure the right person is running the company. And if they're failing, help the person. If they can't help the person, make a change. That's not what's happened here. The board's hand was sort of forced from the outside, whereas they should have made their own decision from the inside. Do you still love Harvard? Sure. It's a 400-odd-year institution.

Because the board's job is to make sure the right person is running the company. And if they're failing, help the person. If they can't help the person, make a change. That's not what's happened here. The board's hand was sort of forced from the outside, whereas they should have made their own decision from the inside. Do you still love Harvard? Sure. It's a 400-odd-year institution.

Because the board's job is to make sure the right person is running the company. And if they're failing, help the person. If they can't help the person, make a change. That's not what's happened here. The board's hand was sort of forced from the outside, whereas they should have made their own decision from the inside. Do you still love Harvard? Sure. It's a 400-odd-year institution.

Enormously helpful to me in my life, I'm sure. My sister also went to Harvard. And the experiences, learnings, friendships, relationships, I'm very happy with my life. Harvard was an important part of my life. I went there for both undergrad and business school. I learned a ton, met a lot of faculty, a lot from a number of my closest friends, who I still really keep in touch with, I met then.

Enormously helpful to me in my life, I'm sure. My sister also went to Harvard. And the experiences, learnings, friendships, relationships, I'm very happy with my life. Harvard was an important part of my life. I went there for both undergrad and business school. I learned a ton, met a lot of faculty, a lot from a number of my closest friends, who I still really keep in touch with, I met then.