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"What’s the big deal? I always require 200 M&Ms with the blue ones picked out and 7 bottles of Evian with the caps loosened. Seems like pretty much the same thing."
— PLW
Professor Who Flew to Deliver Guest Lecture Bills Stanford for Carbon Offset of Travel
McCain and Obama Will Debate on 3 University Campuses
The yet-to-be-named vice-presidential candidates also will debate on a college campus this fall.
New Universities in India to Offer More Academic Freedom and Less Red Tape
Among other radical changes, the institutions will limit their enrollments, teach a wide variety of subjects, and seek private-sector support.
Disabled Students Remain Eligible for Federally Subsidized Housing
Regulations issued today aim to ensure that a former attempt to prevent abuses of federal housing subsidies does not deny them to disabled students.
Leaked Contract Helps Sallie Mae and USA Funds in Court
A federal judge, peeved by the leak, threw out a lawsuit accusing the two companies and a collections business of defrauding taxpayers and student-loan borrowers.
Professor Who Flew to Deliver Guest Lecture Bills Stanford for Carbon Offset of Travel
A computer-science professor argues that colleges should routinely pay for the environmental impact of travel costs.
New Mexico State U. Threatens to Revoke Fired Professors' Degrees | 69
Drinking-Age Campaign Binges on Big Names, Big Media | 62
All U. of Iowa Professors Told to Undergo Training to Avoid Sexual Harassment | 50
Withhold 'Judgement' on Students When a Word is 'Misspelt' | 50
U. of San Diego Backtracks on Appointing Feminist Catholic Theologian | 49
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July 24, 2007
Laureate Education's Doug Becker Is Moving to China to Focus on Asia
Lest anyone doubt that Asia holds promise for American higher-education companies, the chief executive officer of Laureate Education Inc., who just engineered a $3.8-billion private-equity buyout of the company, has announced that he will be moving with his family to China in August to head up Laureate’s push in Asia.
In an e-mail message to Laureate employees, the CEO, Douglas Becker, said that Laureate would be establishing a new Asia headquarters in Hong Kong as part of the company’s next chapter. “Over the next year, my goal is to build out our Asia management teams, define our Asia strategy, and add important universities to our network, after which I will return to Baltimore,” Mr. Becker wrote in the message.
Earlier this month, Baltimore-based Laureate announced that stockholders owning 59 percent of the company’s shares had agreed to surrender them in the tender offer, for $62 a share. As of Tuesday, nearly 90 percent of the shares had been tendered, he said.
Mr. Becker devised the transformation of Laureate into an internationally focused higher-education company from its roots as tutoring business called Sylvan Learning Systems.
In his message, Mr. Becker said that the company was pleased to have attracted the likes of Kohlberg Kravis Roberts and Company, Citigroup, the Microsoft co-founder Paul Allen, and the global philanthropist George Soros, as well as the endowment of Harvard University, as investors in “the new Laureate.” —Goldie Blumenstyk
Posted on Tuesday July 24, 2007 | Permalink |
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