Word: saylor
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Thirty-five-year-old Michael J. Saylor, MIT alum and CEO of high-tech company MicroStrategy, is trying to do exactly that...
...Force officer's son who attended college on a full scholarship, Saylor announced in March his plan to create an online university that would make an Ivy League-quality education available to all, at no cost. By putting professors' best performances online, Saylor told Time Magazine, "you can make something even better than Harvard." With his $100 million pledge toward accomplishing that goal, it looks as if Saylor's dream is on its way to becoming a reality...
...great benefit of Saylor's proposal is that it could offer a bare bones college education to people who otherwise might not be able to access one. Working mothers or those with full-time jobs, for example, could take advantage of this resource...
MicroStrategy's pain extended beyond its stock-market valuation. The firm canceled a planned $1 billion new-stock offering. That will at least temporarily restrict the company's access to capital, not to mention Saylor's. He had planned to sell shares worth hundreds of millions as part of the offering. Although the stock recovered more than a third of its losses as of last Friday's close, he's now down to his last $5 billion...
...MICHAEL SAYLOR MicroStrategy boss loses $4B in one week as stock plunges. And you worry when you lose your wallet...