Current:Home > MarketsHarvard megadonor Ken Griffin pulls support from school, calls students 'whiny snowflakes' -FutureFinance
Harvard megadonor Ken Griffin pulls support from school, calls students 'whiny snowflakes'
View
Date:2025-04-15 01:42:12
Hedge fund manager Ken Griffin has paused donations to Harvard University over how it handled antisemitism on campus since the start of the Israel-Hamas war, saying that his alma mater is now educating a bunch of "whiny snowflakes."
The CEO and founder of the Citadel investing firm made the comments during a keynote discussion Tuesday at a conference hosted by the Managed Funds Association Network in Miami.
"Are we going to educate the future members of the House and Senate and the leaders of IBM? Or are we going to educate a group of young men and women who are caught up in a rhetoric of oppressor and oppressee and, 'This is not fair,' and just frankly whiny snowflakes?" Griffin said at the conference.
He continued to say that he's "not interested in supporting the institution ... 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."
USA TODAY reached out to Harvard on Thursday for the Ivy League school's response.
Griffin, who graduated from Harvard in 1989, made a $300 million donation to the university's Faculty of Arts and Sciences in April last year, reported the Harvard Crimson. Griffin has made over $500 million in donations to the school, according to The Crimson.
Griffin is worth $36.8 billion and is the 35th richest man in the world, according to Bloomberg.
Griffin calls students 'snowflakes' won't hire letter signatories
In the keynote, Griffin called Harvard students "whiny snowflakes" and criticized Diversity, Equity, and Inclusion programs.
"Will America’s elite university get back to their roots of educating American children – young adults – to be the future leaders of our country or are they going to maintain being lost in the wilderness of microaggressions, a DEI agenda that seems to have no real endgame, and just being lost in the wilderness?" Griffin said.
In the talk, Griffin announced that neither Citadel Securities nor Citadel LLC will hire applicants who signed a letter holding "the Israeli regime entirely responsible for all unfolding violence" after the Oct. 7 attack by Hamas against Israel.
Billionaires pull donations
Griffin isn't the only major donor to pause donations to the school over how Harvard has handled speech around the Israel-Hamas war.
Leonard V. Blavatnik, a billionaire businessman and philanthropist, paused his donations to the University in December, according to Bloomberg. Blavatnik made a $200 million donation to the Harvard Medical School in 2018, the school's largest donation according to The Crimson.
The decisions come in the wake of a plagiarism scandal, spearheaded in part by Harvard Alumnus and Pershing Square Holdings CEO Bill Ackman, that forced the resignation of former Harvard President Claudine Gay. The campaign began after Congressional testimony from Gay and other university presidents about antisemitic speech on campus was widely criticized.
Gay, Harvard’s first Black president, had only stepped into the role over the summer. But she resigned just six months into her tenure, the shortest of any president in Harvard history.
veryGood! (782)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Death of migrant girl was a preventable tragedy that raises profound concerns about U.S. border process, monitor says
- Biden wants Congress to boost penalties for executives when midsize banks fail
- Mega Millions jackpot jumps to $720 million after no winners in Tuesday's drawing
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Don't mess with shipwrecks in U.S. waters, government warns
- With Increased Nutrient Pollution in the Chesapeake Bay, Environmentalists Hope a New Law Will Cleanup Wastewater Treatment in Maryland
- Apple iPad Flash Deal: Save 30% on a Product Bundle With Accessories
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- AAA pulls back from renewing some insurance policies in Florida
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Turning Trash to Natural Gas: Utilities Fight for Their Future Amid Climate Change
- There were 100 recalls of children's products last year — the most since 2013
- The UN’s Top Human Rights Panel Votes to Recognize the Right to a Clean and Sustainable Environment
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- California enters a contract to make its own affordable insulin
- Teen Mom's Catelynn Lowell and Tyler Baltierra Share Rare Family Photo Of Daughter Carly
- Judge says he plans to sentence gynecologist who sexually abused patients to 20 years in prison
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Here's how much money a grocery rewards credit card can save you
The Fed already had a tough inflation fight. Now, it must deal with banks collapsing
Penalty pain: Players converted just 4 of the first 8 penalty kicks at the Women’s World Cup
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Will the Democrats’ Climate Legislation Hinge on Carbon Capture?
Inside Clean Energy: The Coast-to-Coast Battle Over Rooftop Solar
To Counter Global Warming, Focus Far More on Methane, a New Study Recommends