Bill Ackman says Trump is doing ‘precisely the right thing’ as admin freezes billions of dollars for Harvard
Billionaire investor Bill Ackman on Tuesday said Harvard University, one of the nation’s oldest and wealthiest, should not be entitled to taxpayer funds when the school wastes money on what he calls “administrative bloat.”
Ackman, who earned undergraduate and business degrees from Harvard more than three decades ago, was speaking hours after the Trump administration said it was freezing future grants to Harvard.
He also criticized the school’s investment policies, saying the Ivy League university is facing a financial crisis and that its $53 billion endowment is “poorly invested.”
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