Made by Bill:1The Big Bet College Presidents Ackman Against

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Made by Bill:1Ackman Against College Presidents Now

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The president of Harvard is under fire from an activist investor who believes that antisemitism has become unchecked on campus. And he’s applying the same unwavering strategy that helped him become wealthy on Wall Street.

Hedge fund manager Bill Ackman is seen backstage in an archival shot that cuts between the Goodfellas Copacabana scene and Spinal Tap lost backstage. He is heard speaking in a voiceover.

“It will be the most significant presentation I’ve ever given in my professional life. That’s great that expectations have been raised, says Ackman.
He asks, “What are we going to learn?”

“You’re going to find out why Herbalife is failing.”
Made by BillĀ  Made by bill furniture
Made by BillĀ  Made by bill furniture

 

The conversation is the beginning of the 2016 documentary “Betting on Zero,” which was released during Ackman’s nearly six-year campaign against Herbalife, a company he attempted to expose as a pyramid scheme by means of constant presentations, public appearances, and documentation.

Ackman put over $1 billion into his short position, but by 2018, he had given up on it because other Wall Street heavyweights had lined up on the other side and regulatory bodies hadn’t moved swiftly or forcefully enough to suit his tastes.

Ackman declared, “We have retired from this line of work,” in the 2021 annual report of his hedge fund Pershing Square, that he would no longer engage in short selling in general sort of, anyway.

Ackman is using his old strategies once more, placing large bets on unpredictable results and pursuing his target with unwavering tenacity.

Since Elizabeth Magill, the president of the University of Pennsylvania, Claudine Gay of Harvard, and the Massachusetts Institute of

Technology Ackman has spearheaded the call for their resignations after President Sally A kornbluth testified before Congress on December 5 about antisemitism on their campuses in a disastrous joint appearance that was widely criticized for its legalistic tone.

He has achieved this by gladly taking the lead in the public accusations of impropriety made against Gay, Magill, and Kornbluth, with a special emphasis on his alma mater, Harvard.

Ackman wrote a brief message on X, the former name of Twitter, following Magill’s resignation on December 9: “One down.”

Indeed, Ackman, a Harvard alumnus, has primarily used the social media site, where he has close to one million followers, to carry out his public campaign against Gay and the Harvard board.

Considering the university

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pexels-keira-burton-6146978

 

At the time of publication, Ackman had 166 posts or reposts on X, including the presidents’ testimony.

Twelve of those posts addressed the Israeli conflict without mentioning a college campus, and 145 of those posts directly addressed the controversy surrounding the presidents.

The remaining nine covered subjects such as Ukraine, Hunter Biden and his mottoā€””the pen is more powerful than the sword”ā€”and cautioned his followers against falling for phony “Bill Ackman” accounts on other platforms.

Ackman, in particular, has opened up more as his effort to remove Gay from office has developed. Although his initial criticism of her was limited to her testimony before Congress, Ackman has recently attached himself to

After receiving reports about plagiarism in her dissertation, the Harvard Corporation found instances of “improper citation” but later cleared her of “research misconduct.”

“I learned from someone with first-hand knowledge of the Harvard president search that the committee would not consider a candidate who did not meet the DEI office’s criteria,” he said, voicing concerns about the university’s diversity, equity, and inclusion office.

He has shared criticisms of Gay from a wide range of people, including Dr. Phil, Alan Dershowitz, former Trump Secretary of State Mike Pompeo, Democratic Governor of New York Kathy Hochul, and others.

These steps are all similar to Ackman’s investment approach: influence the market, sell off, and highlight your position.

It was successful for him previously; during the 2008 financial crisis, he vigorously opposed MBIA, a municipal bond insurer, whose stock fell sharply.

However, this also contributed to his most well-known failure with Herbalife hackmanĀ tells advisors prior to going on stage in “Betting on Zero” that “the [Herbalife] stock’s not going up [after my presentation].”

Whether it opens up again is the question. However, just as he ends his three-hour speech and puts away his microphone backstage, a voiceover from a TV financial analyst reappears.

Investors weren’t impressed with his attempts to fulfill his wish. In actuality, shares increased by over 23% and reached six-year highs.

Made by Bill:1Ackman Against College Presidents Now

Made by Bill:1Ackman Against College Presidents Now
Made by Bill:1Ackman Against College Presidents Now

 

He’s accomplished this by gladly assuming the position of the tip of the driving force behind the widespread charges of improper behavior leveled against Gay, Magill, and Kornbluth, especially targeting his alma mater, Harvard.

Ackman wrote a brief message on X, the former name of Twitter, following Magill’s resignation on December 9: “One down.”

Indeed, Ackman, a Harvard alumnus, has primarily used the social media site, where he has close to one million followers, to carry out his public campaign against Gay and the Harvard board.

At the time of publication, Ackman had 166 posts or reposts on X following the testimony of the university presidents. Twelve of those posts addressed the Israeli conflict without mentioning a college campus, and 145 of those posts directly addressed the controversy surrounding the presidents.

The remaining nine have been about subjects.

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Made by Bill

 

Like Ukraine, Hunter Biden and his motto, “the pen is more powerful than the sword,” which he lives by while attempting to bring down Gay, and warning his followers not to fall for phony “Bill Ackman” accounts on other platforms.

Ackman, in particular, has opened up more as his effort to remove Gay from office has developed.

While Ackman’s initial criticism of her was limited to her congressional testimony, he has recently become interested in reports about plagiarism in her dissertation.

Although the Harvard Corporation has since absolved her of “research misconduct,” it did note that it discovered instances of “improper citation.”

Additionally, he expressed dissatisfaction with Harvard’s office for diversity, equity, and inclusion and stated, “I learned from someone with first-hand knowledge of the Harvard president.”

not rising [following my talk]. Whether it opens up again is the question. However, just as he ends his three-hour speech and puts away his microphone backstage, a voiceover from a TV financial analyst reappears. Investors weren’t impressed with his attempts to fulfill his wish.

In actuality, shares increased by over 23% and reached six-year highs.

His current plan to put more pressure on Harvard is likewise failing. Tuesday saw the highest governing board of Harvard issue a statement endorsing Gay; Ackman credits this, at least in part, to his activism.

“Two reporters have informed me that among the reasons why it was difficult for the Harvard board to remove Gay was that

They were worried that it would appear as though they were bowing to me.
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Made by Bill

 

Therefore, Ackman is well aware that his aggressive criticism of Gay may have the opposite effect, strengthening the position of the Harvard president.

However, he also understands that pressure campaigns are a long game that may take years to pay off because of his many years of hunting down and supporting good actors and distancing bad ones.

Ackman wrote 1,600 words on X on Tuesday in response to a New York Times article about his “years of resentment” against the school, addressing what he considered to be a false premise from the Times.

He also took issue with the Harvard Alumni Association endorsing Gay without conducting a survey among its members and drew attention to a thread concerning “The Ideology Problem in Higher Ed.”

Similar to his well-known positions in the investment industry, Ackman doesn’t appear to be backing down.

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