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Fortune
Fortune
Luisa Beltran

Harvard had no choice but to let Gay step down, private equity say

(Credit: Kevin Dietsch—Getty Images)

The new year began with a bombshell at Harvard when the university’s embattled president, Claudine Gay, resigned just six months into her tenure. While some have claimed Gay’s ouster was spurred by systemic racism, others say it was inevitable following her disastrous testimony before Congress last month and a growing mountain of apparent plagiarism. In interviews with Fortune, three private equity executives who attended the famous school took the the latter position.

“She lost the moral and intellectual authority to lead Harvard. Her response to antisemitism on campus was wholly inadequate,” said one PE executive, who added the resignation was "long overdue.”

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