“Which way are we gonna pick?” Citadel CEO Ken Griffin asked CNBC’s Leslie Picker Tuesday at the MFA Network’s Miami conference. “Are we gonna educate the future members of the House and the Senate and the leaders of IBM, or are we gonna educate a group of young men and women who are just caught up in a rhetoric of oppressor and oppressee and ‘this is not fair’ and, frankly, just, like, whiny snowflakes? Like, where are we going with education in elite schools in America? And that’s a really big issue.”
Picker then asked Griffin if he was still supporting Harvard financially, to which he responded with a terse, “No.”
“I’d like that to change, and I’ve made that clear to members of the corporate board,” Griffin said. “But until Harvard makes it very clear that they’re going to resume their role as educating young American men and women to be leaders, to be problem solvers, to take on difficult issues, I’m not interested in supporting the institution.”
[Again, Harvard has a massive endowment, so it can withstand a few years of a donor strike. What it can’t withstand is the loss of placement value for its diplomas. Griffin and Bill Ackman have decided not to hire Harvard grads, and they’re not alone in that decision. Keep it going. — Ed]
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