Monday, January 15, 2024

Billionaire Bill Ackman Starting New Think Tank to Probe Higher Ed

Here is more from Bloomberg:

Bill Ackman slammed the performance of Harvard University’s endowment and said he’s forming a think tank to continue his scrutiny of US education in a wide-ranging interview Friday on CNBC.

To continue his scrutiny of antisemitism and diversity, equity and inclusion policies on US campuses, Ackman plans to form a team that will go “after these issues in a very aggressive way,” he said.

With his new think tank, Ackman is poised to deploy familiar tactics on unfamiliar targets. At Pershing Square Capital Management, he used a scorched-earth approach to activist investing that resulted in both big wins and shattering losses.

“It’s going to be a think-and-do tank,” he said. “We’re going to study these issues and come up with solutions to problems, and we’re going to implement them.”

Ackman has a personal net worth of $2.5 billion, according to the Bloomberg Billionaires Index. 


No word yet on the name of the new think tank, but Ackman has said that he plans to rent additional space for the new entity and hire a CEO and board of directors.