International Monetary Fund Managing Director Christine Lagarde canceled plans to deliver the commencement address May 18 at Smith College, bowing to protests by students and faculty over the fund’s policies.
Princeton University President Shirley Tilghman said she worried she wasn’t qualified 11 years ago when the search committee urged her to apply for the post. A renowned molecular biologist, Tilghman sought the advice of then Princeton President Harold T. Shapiro, who was retiring.
As much as higher education and corporate America would like to be engaged, college presidents are struggling to reconcile the demands and values of academia with shareholder skepticism about their boardroom commitments.
Robert Diamond, the former Barclays Plc chief, gave $6 million to finance a Colby College building that has become a focal point for student dissent over his role at the 199-year-old school in Waterville, Maine.
President Barack Obama and his advisers, casting a wide net for potential candidates to lead the World Bank, considered in initial discussions Microsoft Corp. Chairman Bill Gates, PepsiCo Inc. Chairman and Chief Executive Officer Indra Nooyi, and Brown University President Ruth Simmons, according to a person familiar with the White House search.
Providence, Rhode Island’s capital, had its rating cut by Standard & Poor’s even as it seeks to repair its finances by overhauling an ailing pension system and extracting bigger voluntary payments from Brown University.