Bloomberg Businessweek
Day One at the US Open
Aug 31, 2023
Kirsten Corio discusses US Open's revenue growth. Gillian Tan and Ira Boudway talk about equal pay for female athletes. Carlos Alcaraz stands to become one of the wealthiest athletes. Noah Syken explains AI technology at the tournament. Janet Lorin discusses college endowment returns and the end of student loan payment pause.
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Quick takeaways
- Yale University's President, Peter Salve, announced his retirement after 11 years, facing challenges like the COVID-19 pandemic and fundraising efforts.
- Chief Investment Officer Bill Stone suggests that wages may impact core inflation and recommends focusing on less cyclical sectors for investments.
Deep dives
Yale University's President Announces Retirement
Yale University's President, Peter Salve, has announced his retirement after 11 years of leading the university. Salve will be returning to his role as a professor. During his tenure, Salve faced various challenges, including the impact of the COVID-19 pandemic and fundraising efforts. Yale's endowment performed better than other Ivy League schools, but the university still grapples with important issues like affirmative action.
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