IN THE NEWS: As a venture capitalist, Mark Stevens is a man accustomed to making things happen. The general partner of Sequoia Capital, located in California?s Silicon Valley, helped get Yahoo and Google off the ground. Now he is giving $22 million to assist his alma mater?the University of Southern California. Stevens and his wife Mary are giving the money so that USC can start an institute that will help budding engineers, scientists and other students turn their technology innovations into commercial businesses? Daniel Ritchie, chancellor at the University of Denver, will step down after serving in that post for 15 years. He is not going far. Ritchie will assume the chairmanship of the school?s board of trustees. Ritchie is credited with saving the once struggling university. Initially, he sold a ranch to raise $15 million for UD. Later, he sold other property that netted $50 million for various university projects. During his time as president he did not draw a salary. He also proved to be a talented fund raiser, leading a $275 million, six-year fund-raising effort that surpassed its goal by $74 million? Harry Courniotes, president of American International College (Mass.), will end his run as the longest-serving higher ed president in the U.S. when he retires in May. Courniotes has been AIC?s president since 1969. His time with the college began in 1958, when he became the school?s youngest full-time professor. He eventually became dean of the school of business administration and then a vice president.
APPOINTED AND PROMOTED: The University of Illinois has picked Joseph White, a former dean of the business school at the University of Michigan, to be its next president. He takes office in February; his annual salary will be $450,000. White is known to be a fund-raising maven, increasing Michigan Business School?s endowment more than sevenfold?from $35 million to $260 million? The new chancellor for Texas A&M University is Robert McTeer, a president of the Federal Reserve Bank of Dallas. Although the move signals a change for McTeer, he is not a stranger to the academy. He has taught at the University of Georgia, the University of Richmond, Virginia Commonwealth University, and Johns Hopkins University (Md.)? George Bridges will be the next president of Whitman College (Wash.). He has been a dean and vice provost at the University of Washington? Alexander Gonzalez, the president of California State University, has been elected chair of the Hispanic Association of Colleges and Universities