Eli Broad, the benefactor of Michigan State University’s College of Business and modern art museum, is retiring. The New York Times reports that the 84-year-old billionaire is stepping down from public life. Broad told the paper, quoting here, “I am retiring. Now. Right now.”
Broad says he wants to spend more time with his family and catch up on his reading. His wife, Edythe, has long urged him to retire.
Broad is a prostate cancer survivor. He undergoes physical therapy every day for severe back pain.
In 2012, he wrote a memoir called “The Art of Being Unreasonable.”
Below is the message from Sanjay Gupta, Eli & Edythe L. Broad Dean of the Broad College of Business.:
“Eli Broad’s career and his latest passionate endeavor of philanthropy have had an incredible impact around the world on what are perhaps the most significant influences on mankind – education, science and the arts. At Michigan State University, and especially the Broad College of Business, we feel particularly privileged to have been the beneficiary of his vision and support. That the Broad College is the first public business school in the country to be named is a source of great pride and inspires us to continually to aim higher and do better. We are proud to have Eli’s name and our college as a part of his legacy, and look forward to staying engaged during his next chapter. The heartiest congratulations to Eli on a beyond successful career, and we send our best wishes as he takes time with his family.”