In a high-stakes battle over Harvard University's leadership, billionaire hedge-fund manager Bill Ackman has gained support from a friend on the university's governing board. Tracy Palandjian, a member of the powerful 12-person Harvard Corporation, has privately raised concerns about President Claudine Gay's ability to continue in her role, according to sources familiar with the matter.

For months, Ackman has been putting public pressure on Harvard to sever its ties with Gay, who has faced controversy during her tenure. However, while the corporation ultimately accepted Gay's resignation with regret last Tuesday, it stood by her during Ackman's public campaign.

Palandjian is not alone in her reservations about Gay's leadership. Joining her in questioning the president's suitability were private-equity executive Paul Finnegan and investor Timothy Barakett, sources revealed. This small but influential group within the Harvard Corporation played a crucial role in the discussions surrounding Gay's departure.

The Harvard Corporation, known for its secretive nature, holds significant power in managing the university. With broad authority, its members make decisions impacting Harvard's direction and future. While other board members supported Gay, the concerns raised by Palandjian, Finnegan, and Barakett contributed to the ongoing debates and discussions within the boardroom.

Ackman's public calls for Gay's resignation and his behind-the-scenes support from his ally on the Harvard Corporation highlight the complex dynamics at play in the university's leadership crisis. As an influential billionaire hedge-fund manager, Ackman's criticisms carry significant weight in the public eye. However, Harvard's internal deliberations and the private reservations within the governing board indicate a broader concern over Gay's leadership and the need for change.

The resignation of President Claudine Gay is a turning point for Harvard, marking a significant shake-up in the university's administration. As the fallout from this leadership crisis continues, all eyes will be on the Harvard Corporation and its members as they navigate the path forward for one of the world's most prestigious institutions of higher education.