Wall Street CEO tells Penn president: Resign or I'll pull $100 million

In a letter to staff, Ross Stevens detailed why he may pull a $100 million gift to Penn following its president's congressional testimony.

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While I'm fully uncomfortable with the influence donors can wield against these institutions, I also feel like the handling of some of those hearing questions was catastrophic. Lady got maneuvered into giving them exactly the sort of weak non-answer they were fishing for. It's bad all around.

25 comments