The business school world is constantly buzzing with change and innovation. Each week, in addition to our regular news posts, we briefly touch on a few notable stories from this dynamic field in one roundup. Here is what caught our eye this week:
- London Business School has received a gift of £4.3M (about $6.5M) from alumnus David Pyott, the school announced recently. Pyott, who received his MBA from the school in 1980, has built a notable career in pharmaceutical leadership and served as the CEO and chairman of pharmaceutical company Allergan from 1998 to its acquisition in 2015. This donation brings Pyott’s total contribution to the school’s fund-raising campaign to £5.3M (more than $8M). Pyott’s gift will create 15 new scholarships and help fund the reconstruction of a campus building.
- The recent abrupt resignation of Stanford Graduate School of Business (GSB) Dean Garth Saloner set into motion a relentless rumor mill concentrating on Saloner’s part in a discrimination lawsuit filed by a former GSB professor. The suit claims the dean, along with another GSB professor who is the plaintiff’s estranged wife and Saloner’s alleged lover, plotted to remove the professor from his position at the university. Confused? Catch up by reading Bloomberg Business’s recent, lengthy article about the case.
- Harvard Business School is expanding its campus with the development of two new buildings: Klarman Hall and G2 Pavilion. The school filed campus plans for the projects earlier this month, and predicted that construction of Klarman Hall—which will feature three stories and a thousand-seat auditorium—would conclude in August 2018. Plans for the G2 Pavilion are still being developed. The two facilities are intended to replace the current Burden Hall.
- Diversity is now more sought after in a business school classroom than perhaps ever before. Financial Times notes that such top-ranked programs as the MIT Sloan School of Management and the University of Virginia Darden School of Business are luring applicants from various backgrounds with such tactics as accepting the GRE instead of the GMAT and targeting members of the social entrepreneurship network Teach for All.