⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Billionaire investor Ken Griffin calls on Harvard to embrace ‘Western values’

Published 05/11/2024, 10:04 AM
Updated 05/11/2024, 11:50 AM
© Reuters. FILE PHOTO: Ken Griffin, founder and CEO, Citadel, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo

(Reuters) -Billionaire investor Kenneth Griffin called on his alma mater Harvard University on Saturday to embrace "Western values", saying that the turmoil across college campuses was the product of a "cultural revolution" in U.S. education.

Griffin, founder of U.S. hedge fund Citadel, told the Financial Times in an interview that the U.S. had "lost sight of education as the means of pursuing truth and acquiring knowledge" over the past decade.

"Harvard should put front and centre (that it) stands for meritocracy in America...," Griffin said, adding that schools should "embrace Western values that have built one of the greatest nations in the world."

Griffin who has donated more than half a billion dollars to Harvard University said in January that he has halted donations to the school over how it handled antisemitism on campus.

"What you're seeing now is the end-product of this cultural revolution in American education playing out on American campuses, in particular, using the paradigm of the oppressor and the oppressed," Griffin told the FT.

"The protests on college campuses are almost like performative art..," he said.

"Freedom of speech does not give you the right to storm a building or vandalise it," he added.

"That's not freedom of speech. That's just anarchy."

Griffin's remarks come amid arrests of dozens of pro-Palestinian activists at universities across America in the latest crackdowns on demonstrations roiling U.S. campuses.

The protesting students are demanding a cease-fire in Israel's incursion into Gaza and have demanded their schools divest from companies with ties to Israel.

© Reuters. FILE PHOTO: Ken Griffin, founder and CEO, Citadel, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo

Since the first mass arrests at Columbia University on April 18, at least 2,600 demonstrators have been detained at more than 100 protests in 39 states and Washington, D.C., according to The Appeal, a nonprofit news organization.

Griffin, who started trading in his Harvard dormitory, spoke at the Managed Funds Association conference in Miami in January about America's elite universities and criticized the education at the universities blaming the "DEI (diversity, equity and inclusion) agenda."

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.