On Tuesday, the Home Schooling Committee invited the leaders of MIT, Harvard, and Penn to testify in entrance of Congress.
Throughout their testimony, Rep. Elise Stefanik requested the educators if calling for the genocide of Jews violates the code of conduct on their campuses. Not one of many campus leaders might reply the query.
Presidents of the College of Pennsylvania, Harvard, and MIT smilingly say that calling for the genocide of Jews isn’t essentially in opposition to their code in opposition to harassment and bullying on campus. Penn president Liz Magill urged it was not a violation unless it led to actual genocide.
WATCH:
On Thursday, Ross Stevens, CEO of Stone Ridge Asset Administration, despatched a letter to the College of Pennsylvania, asserting the withdrawal of a considerable $100 million donation. This transfer is available in response to President Liz Magill’s current anti-Semitic feedback earlier than Congress.
Stone Ridge Asset Management is a monetary advisory agency that focuses on alternate options. The corporate relies in New York Metropolis and was based in 2012 by Ross Stevens. It has $21.7 billion beneath administration and serves 81 purchasers.
Addressed to Wendy S. White, Senior Vice President & Common Counsel on the College of Pennsylvania & Penn Medication, the letter outlines the explanations for this drastic step. Stevens, an alumnus of UPenn, had initially earmarked these funds for the Stevens Middle for Innovation in Finance.
The core challenge, as acknowledged within the letter obtained by Axios, revolves across the College’s alleged violation of the phrases set in Stone Ridge’s restricted accomplice settlement.
Based on the settlement, Stone Ridge retains the correct to retire the Models of a accomplice in the event that they interact in conduct that’s “materially injurious to [Stone Ridge’s] business, reputation, character, or standing.” This contains violations of anti-discrimination and anti-harassment insurance policies, significantly these based mostly on faith.
Stevens and Stone Ridge have expressed deep concern over UPenn’s dealing with of anti-Semitism on campus, significantly in mild of President Magill’s current feedback and the College’s leniency in direction of hate speech and discrimination in opposition to Jewish college students.
The letter goes on to state that these actions (or lack thereof) by the College might represent a violation of the “Limited Partner Cause” clause within the settlement. The implication is obvious: Stone Ridge sees these failures as a breach of their shared values and contractual obligations.
BREAKING: Ross Stevens, CEO of Stone Ridge Asset Administration, despatched a letter to @Penn telling them that he’s withdrawing a $100M donation over President Liz Magill’s anti-semitism feedback earlier than Congress.
through @axios https://t.co/mjqc4X1yJm pic.twitter.com/hX2QO2G97x
— Greg Value (@greg_price11) December 7, 2023
