Word: chancellor
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Dates: during 2000-2009
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...East and North Africa to a summit to debate his ambitious agenda for bolstering trade in the region, protecting the environment and cracking down on terrorism and the trafficking of contraband goods, drugs and illegal immigrants. His much touted plan for a union for the Mediterranean looks stillborn. German Chancellor Angela Merkel has worried that it could undermine the European Union; Libyan leader Muammar Gaddafi has deemed it a colonialist affront to Maghrebi pride. Yet at its core, Sarkozy's plan has an insight that is as simple to state as it is difficult to realize: that the best...
Plugging that gap means tapping a university's endowment. That "is no different from U.S. universities," says Alison Richard, vice-chancellor of Cambridge. "But our endowment isn't sufficient, so it's a real stretch." Private donations invested by Yale University are currently worth some $23 billion; the endowment fund of rival Harvard is $35 billion. Dozens of other American universities boast funds valued at more than $1 billion. Even Britain's wealthiest universities are poor by comparison. The central endowment fund at Oxford is about $1.3 billion, and Cambridge's stands at roughly $2 billion. (The universities' individual colleges...
...hope we can get our rates of return to levels comparable to the best North American universities," says John Hood, vice-chancellor of Oxford. They've some way to go. In the decade to August 2006, Oxford's central endowment delivered an annualized return of 6.7%. Over an almost identical period, an appetite for riskier investments helped Harvard's endowment return 16.7%. At Yale, the rate was 17.2%. (In a coup for Cambridge, David Swensen, the former Wall Street exec who has masterminded Yale's returns, now sits on the university's own Investment Board...
...universities by 2015, the University of Warwick - ranked 57th, according to the U.K. Times Higher Education Supplement list, as it approaches its 50th birthday - plans to permanently host branches of three or four overseas research universities on its site in the heart of England. Nigel Thrift, Warwick's vice-chancellor, won't say which universities it has in its sights; negotiations with North American and Asian institutions are ongoing. But its "International Quarter," he says, will pursue "proper, long-lasting collaborations with three or four institutions around the world, rather than...
...vote. He has also vowed to defend the E.U.'s controversial agricultural subsidies, threatening to block any deal at the World Trade Organization that jeopardizes Europe's farming industry. And for someone who sets so much on his emollient charm, Sarkozy still has a grating relationship with German Chancellor Angela Merkel, whose support is crucial if any of the French initiatives are to succeed...