Billionaire hedge fund manager William Ackman – who joined other Harvard graduates in successfully calling for the university’s president Claudine Gay to resign – is moving with his efforts to reshape the Ivy League school’s governance by backing a bid by four dissident alumni to join its board of overseers.
The board’s 30 members are typically nominated by the university’s alumni association.
Ackman’s endorsement of the four candidates echoes his playbook as an activist shareholder, pursuing board seats at companies to push for changes. The board is the school’s second-highest governing body, with the power to approve or reject the hiring of Harvard’s president.
Each year, five seats on the board are up for election.
Ackman, who has donated about US$50 million (HK$390 million) to Harvard, said he is endorsing Zoe Bedell, Logan Leslie, Julia Pollak and Alec Williams – who variously earned undergraduate, law and business degrees from Harvard – in their campaign to join the board.
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