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Influential Harvard Business School Alum Backs Francesca Gino

Influential Harvard Business School Alum Backs Francesca Gino

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Francesca Gino at Harvard Business School

Former Harvard Business School Professor Francesca Gino

William A. Ackman, a billionaire hedge fund manager and ’92 Harvard Business School, has publicly declared his support for embattled former Harvard Business School Professor Francesca Gino. In an extensive post on X, where Ackman boasts 1.9-million followers, he declares that Gino is innocent of charges that she committed academic fraud. Ackman, who reveals he has been financially supporting her litigation against Harvard and the business school, says Gino’s fight to restore her reputation is one of the most important cases in the history of academia.

Harvard stripped Gino of tenure last year, making her the first professor in the history of the university to forcefully lose tenure. That decision came nearly two years after Harvard’s Office of the President notified Gino on July 28 of 2023 that it had begun the process of reviewing her tenure over allegations of research misconduct. The tenure review was initiated by HBS Dean Srikant Datar who by then had put Gino on an unpaid administrative leave, banned her from campus, revoked her named professorship, and prevented the professor from publishing on Harvard Business School platforms.

Ackman is not the only person to come to Gino’s defense. Harvard Law School Professor Lawrence Lessig has been doing a series of highly-detailed podcasts that maintain Gino’s innocence. Lessig believes that the unprecedented decision to take tenure away from Gino was completely unjustified, calling the conclusion that she is guilty of academic fraud “just fantasy” and “crazy talk.”

Harvard Business School alum Bill Ackman
Harvard Business School alum Bill Ackman

Harvard Business School alum Bill Ackman

Ackman is just as adamant about Gino’s innocence in his post. “Almost nothing makes my blood boil more than when a large powerful institution unfairly destroys someone’s reputation, and its principal reason for doing so is to minimize bad publicity in an effort to protect its own ‘reputation,” he writes. “Sadly, I have seen this occur in many academic institutions when a faculty member or student’s reputation, career, and often life are destroyed for a crime they did not commit. In the good cases, it is often many years later where all of the facts emerge and the individual is exonerated, but unfortunately justice delayed is often justice denied. Sadly, many such examples lead the accused to depression and occasionally even suicide.”

The Harvard Business School alum says he first grew interested in Gino’s case because he has been one of the largest funders of behavioral economics at Harvard, the department of which Gino was a member. “Since October 7th, 2023, I had developed a much more skeptical view of the University,” he notes. “Also, my father was an early and large funder of ethics research at HBS so his ethics endowment likely has been the source of funding for some of Gino’s research.”

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