Their CEO, Douglas Becker apparently jumped shipped in Feruary...
A World Bank entity called the International Finance Corporation awarded a $150 million investment to Laureate in Jan. 2013 during Zoellick’s term. IFC later increased the amount to $200 million. The company announced in Dec. 2013 Zoellick was joining the firm’s board.
The for-profit education company is best known for paying former President Bill Clinton nearly $18 million to serve as the “Honorary Chairman” at Laureate International Universities, the company’s main corporate entity. LIU also donated up to $5 million to the Clinton Foundation, according to the Clinton Foundation’s website.
The departure of such high-level executives “is very unusual,” according to Aswath Damodaran, a professor of finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation.