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Text size [+][-]  Saturday November 21 2009GLOBAL EDITION

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19 Jun 2008 22:21

Back to college

By Rob Cox

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This week, Frank Yeary announced he’s leaving as Citi’s global head of mergers to become vice chancellor at his alma mater, the University of California at Berkeley – at the ripe age of 44.

Goldman’s 47-year old head of investment management, Edward Forst, said on Thursday he will return to Harvard University as executive vice president, where he will help guide its $35bn endowment.

Some Masters of the Universe are bowing out at the top of their game – including Goldman’s head of asset management and Citi’s M&A chief this week. Given projected declines in earnings, lower-paying alternatives like academia are starting to look good.

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