Published: February 24, 2016
Could Nike’s Phil Knight Pay for Your Stanford GSB MBA?
Nike Inc. Co-Founder Philip Knight has given $400 million to Stanford University to establish a scholarship program that will fully fund 100 high-achieving students each year in their pursuit of graduate degrees at any of Stanford’s seven graduate schools, including Stanford Graduate School of Business (GSB). The new Knight-Hennessy Scholars Program, announced yesterday, is co-named for Stanford’s outgoing President John L. Hennessy, who will become the program’s inaugural director when he steps down as president later this year.
"John and I dream of a future 20, 30 or 50 years from now, when thousands of graduates—who can think outside the box as skilled problem-solvers—will be working together for a more peaceful, habitable world," Knight said in a statement. His gift is intended in part to honor the outgoing president’s 16-year tenure leading Stanford, he added, calling Hennessy “one of the great academic leaders of our time."
Read more