Word: saylor
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...yacht packed with vacationing millionaires off the coast of St. Bart's is an unlikely laboratory for social-policy reform. So perhaps it was the Caribbean sea breeze or the free-flowing 1945 Mouton-Rothschild that got Michael Saylor, the 35-year-old CEO of the high-tech company MicroStrategy, thinking about how to amend the inequities in higher education. He shared his thoughts over sea bass and chocolate souffle. "And by the end of the evening," he recalls, "I knew I'd hit on the next big thing in education...
Back ashore last week, Saylor took his idea public, pledging $100 million to create a nonprofit "online Ivy League-quality university." And then came an even bigger revelation. He says it will allow everyone, from cabbie in Bombay to housewife in L.A., to earn a top-notch degree--for free. "If you put a professor's best performance of his life online, you can make something even better than Harvard," says Saylor, an M.I.T. graduate...
...good-bye to touch football games on the quad, and hello to intra-class Tetris tournaments. In an attempt to bring the wired world together, Washington, D.C., Internet billionaire Michael Saylor will gather the press corps on Thursday and pledge $100 million to the creation of an online university of, as he puts it, "Ivy League quality." Happily, Saylor's students won't pay the Ivy League's staggering prices; the school would be free to anyone who had access to the Internet, and would, in Saylor's vision, eventually compete academically with the best universities in the world...
Admirable as his cause may be, says TIME Digital editor Joshua Quittner, Saylor will face challenges on his way, the least of which will be financial. (It's also not entirely new; Britain since the '60s has had its highly regarded Open University, an increasingly Internet-oriented, low-cost institution where lectures are given over TV channels and assignments are handed in via e-mail.) "I have a feeling that $100 million will be a mere drop in the bucket," says Quittner. But assuming the school comes to fruition, it could easily attract investors with the lure of say, advertising...
...November 7, 1997, Billy Jack Saylor, a Campbell University wrestler, died of a heart attack while trying to shed pounds before dawn. Saylor was riding a stationary bike while wearing a rubber suit--a common technique used to lose water-weight. While Saylor's death through dehydration may have seemed like a tragic fluke to some, November had yet another shocking event in store...