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Harvard's governance is broken because its self-perpetuating board can never be rebalanced from outside.
Drawn from what Bill Ackman said
A private bookmark. Not a position, and never counted.
What Bill Ackman actually said
Word for word, with the source under each one. They did not write this page.
Founder and chief executive of Pershing Square Capital Management
It's really a self-perpetuating board that effectively elects its own members. Once the balance tips, politically, one way or another, it can be kept that way forever. There's no kind of rebalancing system.
Added to korrents 20 Feb 2024 · How quotes work · Something wrong? Tell us
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