A Wall Street tycoon Thursday vowed to claw back a $100 million donation to the University of Pennsylvania if the Ivy League school doesn’t boot UPenn President Liz Magill following her disastrous congressional testimony that failed to condemn rampant antisemitism on campus.
Ross Stevens, the boss of Stone Ridge Asset Management, joined a growing chorus of high-powered donors and outraged elected officials – that now include Keystone State Gov. Josh Shapiro – who are calling for Magill’s head.
The hedge fund titan said he has “clear grounds” to rescind his donation and that law firm Davis Polk has sent the school a letter saying as much.
“Absent a change in leadership and values at Penn in the very near future, I plan to rescind Penn’s Stone Ridge shares to prevent any further reputational and other damage to Stone Ridge as a result of our relationship with Penn and Liz Magill,” read the letter, which was obtained by The Post.
“ I love Penn and it is important to me, but our firm’s principles are more important.”
“We can’t comment on the personal decisions of our donors,” a UPenn spokesperson said.
Magill made a groveling apology Wednesday for her refusal to condemn calls for the genocide of the Jewish people on campus in her remarks to Congress.
However, her mea culpa may not be enough.
