Apollo CEO Marc Rowan’s plan to oust the leadership of the University of Pennsylvania, is picking up steam and could blow a $1 billion hole in the school’s fundraising efforts, the Post has learn…
Elon Musk's finances may crash Tesla's stock to the groundDespite Wall Street and voter reservations, the money is on a Trump vs. Biden rematchof his alma mater, the University of Pennsylvania, is picking up steam and could blow a $1 billion hole in the school’s fundraising efforts, the Post has learned.
The details of this groundswell of support for Rowan’s plan have not been reported, and it is said to be unprecedented in the clubby world of fundraising for university endowments. For Rowan and now thousands of UPenn grads and benefactors, the tipping point occurred in September when UPenn’s leadership ignored their warnings that pro-Palestinian student groups were featuring antisemitic speakersThe festival took place during the Jewish high holy days and featured speakers who called for “death to Israel.” One of the worst atrocities in recent history occurred while school administrators remained initially silent.
The open letter has grown to include some 7,000 current and potential donors and graduates, some of whom are on the school’s Board of Trustees, people close to Rowan tell me.Apollo CEO Marc Rowan demands UPenn leaders resign over failure to condemn Hamas terror: ‘Close the checkbooks’ His Rolodex of rich people is among the best on Wall Street, which means that without him, UPenn will be deprived of a significant funding source. A press release announcing the gift described Rowan as “chair of Wharton’s Board of Overseers, a Penn trustee, and co-chair of the school’s More than Ever fundraising campaign,” which is looking to raise $1 billion for the business school.
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