Billionaire hedge fund manager Bill Ackman has pledged a $1 million donation to support Representative Dean Phillips (D-Minn.)'s bid to become the Democratic presidential nominee, challenging incumbent President Joe Biden. Ackman's contribution is directed to a Silicon Valley super PAC backing Phillips. This move comes despite Ackman's recent public criticism of Diversity, Equity, and Inclusion (DEI) initiatives, which Phillips has actively supported, evidenced by Ackman's 10,000-word Twitter screeds. Following Ackman's donation, Phillips removed references to DEI from his campaign website, replacing them with terms like 'Equity and Restorative Justice', and defended the changes amidst scrutiny. Ackman, who has described Phillips as 'sensible', is seen by some as a pro-DEI, WEF disciple. The donation has raised questions about Phillips's potential cabinet picks, with names like Elon Musk and Jason Calacanis being floated. Phillips, who is polling poorly against Donald Trump, has also been seen with Ackman and Musk, sparking discussions about the influence of billionaires on his campaign.
Dean Phillips is on the defensive at the worst possible time after removing DEI language from his website. https://t.co/HEPqq8IEsI
The backlash to DEI initiatives now entering Democratic politics: Dean Phillips' campaign page included a section on "Diversity, Equity and Inclusion" until today when he was endorsed by billionaire Bill Ackman, who promised $1 million Phillips' PAC: https://t.co/dceP9PwL4e https://t.co/k7A6yM7rW4
Dean Phillips: “I support diversity. Period. I support equity. Period. I support inclusion. Period.“ https://t.co/WwtdGhtumD
Dean Phillips defends removing DEI from campaign website https://t.co/csGsxOloxD
Great scoop: Dean Phillips drops DEI from campaign website - POLITICO https://t.co/2TYSo7Dgq4
Dean Philips (D) quietly scrubbed DEI from his campaign website and replaced it with Equity and Restorative Justice Before: After: https://t.co/jV1yJxZUP7
Wait, is Dean Phillips still running? https://t.co/MgoidnMYpR
NEW -- Dean Phillips dropped reference to DEI on his campaign website platform after Bill Ackman, his new $1m super PAC donor, called it a mistake https://t.co/2zOCrhs2Gp with @ec_schneider
Dean Phillips drops DEI from campaign website https://t.co/sxNMTmVW40
Billionaire Ackman Throws Weight Behind Longshot Democrat Dean Phillips: Here’s Who Else Supports Him https://t.co/Eb2uZeWn8h https://t.co/noo4pb7gua
Representative Dean Phillips floated having Bill Ackman, Elon Musk and angel investor Jason Calacanis in a potential cabinet if his Democratic presidential campaign takes him to the White House https://t.co/NkMh3Vm92Q
Biden's longshot rival Dean Phillips hung out with billionaires Elon Musk and Bill Ackman, shortly after Ackman donated $1M to Phillips' super PAC. “Nobody can buy me. Nobody can influence me,” Phillips said. STORY: https://t.co/RvDD1NyVkl https://t.co/RvDD1NyVkl
Bill Ackman to donate $1 million to Joe Biden Democratic primary challenger Dean Phillips https://t.co/awtPtUprWY https://t.co/dbC59t4N1y
The question of just how far Bill Ackman is willing to take his crusade is bedeviling Business Insider. @DylanByers assesses the situation with B.I., Axel Springer, and KKR, and touches on the broader media critique of Ackman’s Twitter treatises. https://t.co/PKc75MXOlM
Who is Bill Ackman, and what does he want? https://t.co/WkF8SzcRP3
Bill Ackman Pledges $1M For Dean Phillips' Presidential Bid: 'Biden Is Polling Poorly Against Donald Trump' https://t.co/FD1W42UUh2
Bill Ackman just donated $1m to Dean Phillips, a pro DEI Democrat to challenge Biden who has staff who was pro Floyd and wanted to defund the police https://t.co/eMV8Xnc62U
Heel Turn: Bill Ackman donates $1 million to presidential campaign of pro-DEI Biden challenger and WEF disciple https://t.co/iGWm5FRHqA
Last week, Bill Ackman pledged to fight DEI "to the end of the earth." Now, he's donating $1 million to Dean Phillips — a Democratic presidential candidate who has actively worked to expand DEI. Ackman says that Phillips is "sensible." His record tells a different story 🧵 https://t.co/agJLhfpHLz
Billionaire Bill Ackman said he plans to donate $1 million to the political action committee supporting the 2024 presidential run of Rep. Dean Phillips (D-Minn.). https://t.co/CSoQGqMzao
Hedge fund billionaire Bill Ackman said he was committing $1 million to support Rep. Dean Phillips’s challenge to President Biden for the Democratic nomination in the presidential election https://t.co/cvXCNGLI2F https://t.co/cvXCNGLI2F
Bill Ackman spent the last month writing fiery, 10,000-word Twitter screeds about the evils of DEI. After all that, he’s dumping a million dollars into a Democrat presidential campaign? https://t.co/55ZKGhE3rI
Billionaire megadonor Bill Ackman to donate $1 million to Joe Biden challenger Dean Phillips https://t.co/Nsg3wjuRB0 https://t.co/tEuWaXj6jF
Bill Ackman says he is giving $1 million to the Silicon Valley super PAC for Dean Phillips —> https://t.co/S4n8lCNzIq
Billionaire Bill Ackman says he’s contributing $1 million to support the long-shot bid by Dean Phillips to become the Democratic nominee over Biden https://t.co/JHrg8Jv8EV