From Mr. Ackman's Twitter feed,
I have heard from a source that is reliable but a step or two removed from the situation that the @Harvard Corporation has asked President Gay to resign and she has refused. Gay has apparently said that if she is fired, she will sue. Gay has retained her own counsel. I can’t 100% confirm the above is true, but if it is, I am sure the Board is concerned about what may emerge in legal discovery in the event of litigation. At this point, however, what choice does the Board have? If the Board makes an inappropriate deal on severance or gives Gay a guaranteed position at Harvard, it will look like a payoff to keep her quiet. I can’t see how she stays at Harvard in any capacity. President Gay’s performance and her academic record issues provide plenty of cause for termination without compensation....
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https://twitter.com/BillAckman/status/1739064058483986638
