Hedge fund billionaire Bill Ackman said it would be fair for Harvard University to lose its tax-exempt status, but he doesn’t think it will come to that. The investor and Harvard alum on CNBC Monday criticized Harvard Corporation’s leadership,

President Donald Trump said Friday that he will be “taking away” tax exempt status for Harvard University in a post

A New York University School of Law professor on tax policy called the news a “lawless action by the President.”