Eli Broad Spends $100 Million to Buy a Yale Home and the Yale Name for His Education Leadership Center
This blog will take a two week holiday break. Good wishes to you for Christmas and the New Year. Look for a new post on Monday, January 6, 2020.
Eli Broad just donated $100 million to Yale University’s School of Management. The gift came with a quid pro quo: Yale University’s School of Management will now house the Broad Superintendents’ Academy and Broad Residency in Urban Education. What this means is that mega philanthropist, Eli Broad is buying a prestigious institutional home for a training program he alone devised. Eli Broad’s personal philosophy of education management will receive the imprimatur of Yale University even though there is no academic, peer-reviewed research endorsing Eli Broad’s theories of education management.
Who is Eli Broad and what are the Broad Academy and Residency in Urban Education?
In her 2010 book, The Death and Life of the Great American School System, Diane Ravitch describes Eli Broad and his background: “Eli and Edythe Broad attended Detroit public schools. He received a degree in accounting from Michigan State University. With his wife’s cousin, Broad entered the home-building business and later bought a life insurance company that eventually became a successful retirement savings business called SunAmerica. That business was sold to AIG in 1999 for $18 billion, and Eli Broad became one of the richest men in the nation. He promptly created the Eli and Edythe Broad Foundation, which invests in education, the arts, and medical research… Having been trained as an accountant and having made his fortune as an entrepreneur, Broad believes in measurement, data, and results. He created training programs for urban superintendents, high level managers, principals, and school board members, so as to change the culture and personnel in the nation’s urban districts… In 2006, Broad invited me to meet with him…. He explained his philosophy of education management. He believes that school systems should run as efficiently as private sector enterprises. He believes in competition, choice, deregulation, and tight management. He believes that people perform better if incentives and sanctions are tied to their CONTINUE READING: Eli Broad Spends $100 Million to Buy a Yale Home and the Yale Name for His Education Leadership Center | janresseger
