Munger made headlines nationwide when he gave $65 million to UC Santa Barbara to fund a planned scholars residence for the Kavli Institute of Theoretical Physics, enlisting South Coast developer-financier-philanthropist Mike Towbes, whose Towbes Group will build the three-story project.
Santa Barbara resident Jeff Henley will become vice chairman of the board of software giant Oracle Corp. as longtime CEO Larry Ellison steps down and become chairman. Oracle announced Thursday that billionaire founder Ellison will be replaced by Mark Hurd and Safra Catz who will both have the CEO title. Ellison will formally be Read More →
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The timing and wide publicity make it close to a sure bet that UCSB will fulfill its goal of raising at least $1 billion in gifts.
The seaside school may not fly under the radar for much longer.
Goleta-based energy efficiency firm Transphorm has broken the 100-employee mark and set its sights on markets that could save four times the electricity consumed by New York City. The company, a UC Santa Barbara spinout headed by electrical engineering professor Umesh Mishra and business partner Primit Parikh, laid out the company’s growth and plans at Read More →
It was a historic evening at UC Santa Barbara as Oracle Chairman Jeff Henley donated $50 million, the largest gift the school has ever received, to the Institute for Energy Efficiency and the College of Engineering. The donation, one of the largest recorded in the region, was announced at the Campaign for UC Santa Barbara’s Read More →