By Janet Lorin, Biz Carson and Sarah McBride | Bloomberg
And in the Silicon Valley environs surrounding campus, the technology industry that’s intrinsically tied to the university has faltered as companies pull back on hiring, valuations fall and the spigot of easy money slows. The tumult stretches beyond the tech slowdown to the free-speech controversies sweeping campuses across the country. In March, students shouted down a conservative federal judge invited by the Federalist Society during an event, leading the administration to issue an apology. Jenny Martinez — who was the law school dean at the time and last month was promoted to provost — wrote a 10-page letter about academic freedom and condemning threatening messages that followed.
Earlier this month, Stanford named a 20-person search committee of alumni, faculty and current students. It’s co-led by Gene Sykes, the co-chair of global mergers and acquisitions at Goldman Sachs Group Inc.; Lily Sarafan, co-founder and executive chair of home-care company The Key; and Bonnie Maldonado, Stanford’s senior associate dean of faculty development and diversity and a professor of pediatrics and infectious diseases.
The university has a business impact that stretches well beyond its more than 17,000 students and 2,300 professors. Stanford’s hospital system ranks among the top in the country; health-care services accounted for 61% of the school’s consolidated operating revenue in fiscal 2022. The school generates investment income from its more than $36 billion endowment, and $7.
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