The president of Caltech, Jean-Lou Chameau, announced Tuesday that he would step down from the leadership of the prestigious science- and math-oriented campus in Pasadena at the end of the current school year and become head of a new and well-endowed university in Saudi Arabia.
Here is more. The school is:
…the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia. The graduate-level school enrolled its first students in 2009 and, in English, educates men and women together, to the dismay of some Islamic fundamentalists. It was founded with a $10-billion endowment from the oil-rich Saudi royal family.
The current endowment of Caltech is about $1.9 billion. It is believed that Chameau will be receiving a raise in pay. By the way, KAUST seems to have no social sciences or humanities.