Wall Street CEO tells Penn president: Resign or I'll pull $100 million
Wall Street CEO tells Penn president: Resign or I'll pull $100 million
In a letter to staff, Ross Stevens detailed why he may pull a $100 million gift to Penn following its president's congressional testimony.
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Raise your hand if you knew Penn held stocks in Stone Ridge prior to this CEO's statement.
No one? Thought so.
I appreciate their stance and potential action, but Penn's president's statements in no way, shape or form, affected Stone Ridge in the least.
I don't think i understand. You're saying that since Stone Ridge isn't affected by something they can't pull their support ?
No. What I'm saying is that no one would have known of their financial support of Penn, until he made it known.
Penn probably knows who pays their bills
Yes. Of course they do. But this guy is just using this as a stunt
Could've been pissed off over their statements
You are dense.
Bothered
No. They're saying that Stone Ridge has no corporate justification for their actions and this is being done for petty reasons.
Why would they need "corporate justification" ?