CEO of Stone Ridge Asset Management Withdraws $100M Donation to UPenn Due to Pres. Liz Magill’s Anti-Semitic Remarks Before Congress
On Tuesday, the House Education Committee invited the leaders of MIT, Harvard, and Penn to testify in front of Congress.
During their testimony, Rep. Elise Stefanik asked the educators if calling for the genocide of Jews violates the code of conduct on their campuses. Not one of the campus leaders could answer the question.
Presidents of the University of Pennsylvania, Harvard, and MIT smilingly say that calling for the genocide of Jews isn’t necessarily against their code against harassment and bullying on campus. Penn president Liz Magill suggested it was not a violation unless it led to actual genocide.
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On Thursday, Ross Stevens, CEO of Stone Ridge Asset Management, sent a letter to the University of Pennsylvania, announcing the withdrawal of a substantial $100 million donation. This move comes in response to President Liz Magill’s recent anti-Semitic comments before Congress.
Stone Ridge Asset Management is a financial advisory firm that focuses on alternatives. The company is based in New York City and was founded in 2012 by Ross Stevens. It has $21.7 billion under management and serves 81 clients.
Addressed to Wendy S. White, Senior Vice President & General Counsel at the University of Pennsylvania & Penn Medicine, the letter outlines the reasons for this drastic step. Stevens, an alumnus of UPenn, had initially earmarked these funds for the Stevens Center for Innovation in Finance.
The core issue,
Source: The Gateway Pundit
