It is time for a change in board leadership at Harvard, billionaire hedge fund manager Bill Ackman told CNBC’s “Squawk Box” on Monday, saying the university has mishandled its disagreements with President Donald Trump.

Ackman, who is a Harvard alum, said it was the wrong move for the university to “receive a letter from the [Trump] administration and write back saying, ‘We are doing nothing, and in fact, we are going to sue you.'”

Instead, according to Ackman, Harvard should have responded, “President Trump, you make some good points” and tried to reach a deal with him by committing to fix some of the legitimate problems he pointed out.

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