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Fortune
Fortune
Irina Ivanova

Hedge fund billionaire Bill Ackman takes aim at DEI 'ideology' after Harvard president's resignation, claiming it's anti-capitalist

(Credit: Jeenah Moon/Bloomberg)

Bill Ackman scored a victory in his campaign against Harvard when the university’s president, Claudia Gay, stepped down on Monday following allegations she failed to properly respond to antisemitism on campus. Not one to rest, Ackman is now broadening his scope to take aim at Harvard’s overall approach, accusing the institution of falling prey to what he calls “a political advocacy movement” and “ideology” known as DEI that is anti-meritocratic to the core. 

According to the billionaire hedge fund manager, the anti-semitism that he had previously accused Harvard of “was not the core of the problem” but merely “a troubling warning sign” of the real issue—an obsession with DEI, or diversity, equity and inclusion, that has grown into something entirely different from the three concepts embedded within the acronym, he said on X on Tuesday. 

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