{"id":1442897,"date":"2023-12-08T17:00:00","date_gmt":"2023-12-08T22:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1442897"},"modified":"2023-12-08T17:00:00","modified_gmt":"2023-12-08T22:00:00","slug":"penn-trustees-call-emergency-meeting-after-magill-testimony-meltdown","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/penn-trustees-call-emergency-meeting-after-magill-testimony-meltdown\/1442897\/","title":{"rendered":"Penn Trustees Call “Emergency” Meeting After Magill Testimony Meltdown"},"content":{"rendered":"

Penn Trustees Call “Emergency” Meeting After Magill Testimony Meltdown<\/span><\/p>\n

\n

After a smirking Penn\u00a0president Liz Magill humiliated herself in front of Congress earlier this week<\/a>, unable to clearly answer whether “calling for the genocide of Jews” violated Penn’s code of conduct or constituted bullying or harassment, the University of Pennsylvania\u2019s board of trustees have started the process of panicking.<\/p>\n

Perhaps it has something to do with $100 million worth of donations being pulled from the university in one fell swoop,<\/strong> the tip of a spear of outrage made up of numerous other prominent donors, alumni, university staff and generally anyone with half a brain that watched Magill’s testimony earlier in the week.\u00a0<\/p>\n

BREAKING: Ross Stevens, CEO of Stone Ridge Asset Management, sent a letter to @Penn<\/a> telling them that he is withdrawing a $100M donation over President Liz Magill’s anti-semitism comments before Congress.<\/p>\n

via @axios<\/a> https:\/\/t.co\/mjqc4X1yJm<\/a> pic.twitter.com\/hX2QO2G97x<\/a><\/p>\n

\u2014 Greg Price (@greg_price11) December 7, 2023<\/a><\/p>\n

\u201cAbsent a change in leadership and values at Penn in the very near future, I plan to rescind Penn\u2019s Stone Ridge shares to help prevent any further reputational and other damage to Stone Ridge as a result of our relationship with Penn and Liz Magill,\u201d wrote\u00a0Penn Alum Ross Stevens.\u00a0<\/p>\n

And so, as happens when large sums of money are involved, the board of trustees swiftly held an “emergency meeting” on Thursday and the\u00a0Wharton Board of Advisors called for a change in leadership at the university, according to CNN<\/a>.\u00a0<\/p>\n

“Magill faced a rebellion from Wharton\u2019s Board of Advisors,” CNN reported<\/a> on Thursday night.<\/p>\n

The Wharton Board of Advisors wrote in a letter to Magill:\u00a0\u201cAs a result of the University leadership\u2019s stated beliefs and collective failure to act, our Board respectfully suggests to you and the Board of Trustees that the University requires new leadership with immediate effect.\u201d<\/p>\n

\u201cIn light of your testimony yesterday before Congress, we demand the University clarify its position regarding any call for harm to any group of people immediately, change any policies that allow such conduct with immediate effect, and discipline any offenders expeditiously,\u201d it continues.\u00a0<\/p>\n

<\/a><\/p>\n

\u201cOur board has been, and remains, deeply concerned about the dangerous and toxic culture on our campus that has been led by a select group of students and faculty and has been permitted by University leadership,\u201d it adds.\u00a0<\/p>\n

Jonathan Greenblatt, the CEO of the Anti-Defamation League, told CNN:\u00a0\u201cI understand why the governor of Pennsylvania and so many of the trustees don\u2019t have confidence in her. I don\u2019t have confidence anymore that Penn is capable, under this leadership, of getting it right.\u201d<\/p>\n

\u201cI am a Penn alum and this is indeed shameful,\u201d Elon Musk said of the testimony on Wednesday on X.\u00a0<\/p>\n

Democratic Sen. Kirsten Gillibrand agreed, stating on Thursday:\u00a0\u201cTheir statements were abhorrent. Trying to contextualize what constitutes harassment? Jewish students are terrified on these campuses.\u201d<\/p>\n

For now, though, it still appears that Magill has retained her job.<\/strong>\u00a0\u201cThere is no board plan for imminent leadership change,\u201d a board member told CNN.\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 12\/08\/2023 – 12:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/penn-trustees-call-emergency-meeting-wharton-board-seeks-leadership-change-after-magill<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Penn Trustees Call “Emergency” Meeting After Magill Testimony Meltdown After a smirking Penn\u00a0president Liz Magill humiliated herself in front of Congress earlier this week, unable…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1442897","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1442897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1442897"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1442897\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1442897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1442897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1442897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}