<p>Google</a> co-founder Page takes over, targets Facebook - Yahoo! News</p>
<p>Larry Page is a UofM alum.</p>
<p>^ We’re good now; Alexandre moved this thread to its proper place. Perhaps he can also delete post #2 now that it is no longer relevant…?</p>
<p>So when does he start to make large contributions to his alma mater? I mean he is way wealthier than Stephen Ross. C’mon Larry, pass it forward!</p>
<p>i dont think so… stephen m ross has a pretty fat slice.</p>
<p>Not to worry, I am sure Michigan is working him as we speak. I expect it won’t be for another 10 years or so, but when he does, you can bet he will give a huge amount, enough to rename the CoE after him. I am talking $300-$500 million according adjusted for today prices.</p>
<p>Speaking of the CoE, does it have a (proper) name or not? I used to think it was “Lurie”, but rarely does anyone on CC refer to it as that.</p>
<p>When he starts donating, I bet he would donate most to stanford.</p>
<p>After all, the connections he made and the resources provided for him at stanford was the main reason of his success.</p>
<p>^^^^He never graduated from Stanford, but I’m sure he will give them a big chunk of change. It is located in his backyard afterall. Still, having the opportunity to have an entire college named after you would be intriguing for most people. Something to let everyone know you were on this planet in perpetuity.</p>
<p>Post Note: Page holds a masters degree from Stanford, he just never finished up his PhD from there.</p>
<p>That may be the case bearcats, but it is just as likely that he will give more to Michigan. No matter how much Page gives, it would be a drop in the bucket to Stanford. To Michigan, it would mean much more. Donation is also about recognition, and let us face it, donating 3% of an endowment is not the same as donating 10%. Besides, people are always far more faithful and loyal to their undergraduate institution. I suspect Page will give to both Michigan and Stanford, but the lion’s share will go to Michigan.</p>
<p>Also remember both of his parents attended U-M as well. Without that meeting, there would be no Larry Page.</p>
<p>Ross is worth around 2.5 billion. Page is worth upwards of 18 billion, give or take a billion or so. It’s just mind boggling how huge these numbers are. Rich is rich to be sure, but even among the wealthy there is definitely a hierarchy.</p>
<p>Also, Ross is worth $2.5 billion at the age of 70. Page is worth $18 billion at the age of 37.</p>
<p>PCOE. I like that acronym. Sounds like tea. :-)</p>
<p>Why stop at naming the CoE after Larry Page? </p>
<p>For a $10 billion donation, they could make U-M private (making Alexandre happy), as well as change the name of the institution to the Larry Page University.</p>
<p>Hehe, m1817, I do not wish for Michigan to privatize. Admittedly, between the current situation and privitizing, I would probably prefer the latter. </p>
<p>However, if Michigan were to run things properly (change the IS/OOS ratio from 2:1 to 1:3, reduce the undergraduate student population from 26,000 to 20,000 and meet 100% of need for all students, regardless of residency or nationality), I would rather it remain public.</p>
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<p>Politically, the bolded area will not pass in Michigan. I cannot see the state residents nor state officials accepting that offer. It will give the state legislative more incentive to drop financial support for U-M. Michigan isn’t a low-population state like Vermont who needs OOS students to fill classrooms. Michigan is the 8th most populous state in the Union. U-M will also have to change its mission statement, which clearly states it “serve[s] the people of Michigan and the world.” If this topic becomes a state issue, I think 50% IS/OOS UG radio is the optimal minimum.</p>
<p>tenisghs, 50% would be good, assuming Michigan stays at 26,000 undergrads. 13,000 IS and 13,000 OOS students would be great and the state funding of $320 million would cover the total value of the subsidy for those 13,000 IS students. However, 26,000 is too large. Michigan cannot effectively operate at that size. </p>
<p>Personally, I think 5,000 IS students and 15,000 OOS students is a much better sollution. With that makeup, Michigan can afford its current faculty, plus meet 100% of its students (IS, OOS and International) financial aid needs. </p>
<p>Given the financial benefits the state receices thanks to Michigan, quite honestly, I don’t think the state or its residents can do much about it. </p>
<p>Alternatively, if state residents wish to be unreasonable and insist on all or nothing, going private may be the only sollution. I hope that does not happen, but given the option between improving or deteriorating, I will choose the latter.</p>
<p>Just wondering, why do some people hold so much affection towards their alma mater so much so that they give away large amounts of money to it?</p>
<p>^ Probably because they wouldn’t have gotten to where they are now without their alma mater?</p>