12-08-2023, 06:43 PM
(This post was last modified: 12-08-2023, 06:44 PM by HaughtyFrank.)
UPenn might lose a $100 million donation
Quote:https://amp.cnn.com/cnn/2023/12/07/business/penn-emergency-meeting-liz-magill/index.html
The walls appear to be caving in on the University of Pennsylvania’s president, Liz Magill, who faces scathing criticism over her performance at a House hearing earlier this week.
Prominent donor Ross Stevens threatened to claw back a $100 million donation. The university’s board of trustees held an emergency meeting Thursday. And the powerful Wharton Board of Advisors that leads the university’s prominent business school called for a leadership change at the university.
Magill remained president after the hastily arranged board gathering concluded Thursday, a source familiar with the proceedings told CNN. But Magill faced a rebellion from Wharton’s Board of Advisors, and a growing coalition of donors, politicians and business leaders who denounced her testimony.
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