This chapter explores the challenges faced by universities, including fundraising difficulties and the impact of COVID-19 on finances. It discusses the retirement of Yale's president, the role of college professors in raising money, and the changing landscape of admissions criteria. Additionally, the chapter touches on the performance of college endowments, investment strategies, and the upcoming changes in student loan repayment.
Kirsten Corio, USTA Chief Commercial Officer, discusses the US Open's revenue growth and business strategy. Bloomberg News Senior Reporter Gillian Tan and Bloomberg News Global Business Reporter Ira Boudway talk about equal pay for female athletes and how Carlos Alcaraz stands to become one of the wealthiest male athletes on the planet. Noah Syken, VP of Sports & Entertainment Partnerships at IBM, explains how AI technology is being used at the tournament. Bloomberg News Higher-Education Finance Reporter Janet Lorin breaks down college endowment returns and talks about the end of the student loan payment pause. And we Drive to the Close with Bill Stone, Chief Investment Officer at Glenview Trust Company. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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