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Stock impact report

University of Michigan President Kent Syverud inherits a host of challenges [CBS News]

United Microelectronics Corporation (NEW) (UMC) 
US:NYSE Investor Relations: umc.com/english/investors/index.asp
Company Research Source: CBS News
For one thing, he said, U-M and other universities are in a fight to retain the United States' place as a world leader in higher education. "These are challenging times for Michigan, for higher education and the whole world," Syverud, currently chancellor and president of Syracuse University, said Monday after the Board of Regents, in a special meeting, unanimously approved his hiring. "We have a choice in how to respond. We can curl up in a ball … or we can do what Michigan has always done at its best: We can lead." His voice sometimes filled with emotion, Svyerud further acknowledged the challenges ahead in a video introduction on YouTube. "When I start in July I will need your help," Syverud said. "The university has had a rough patch recently. I will have a lot of listening and a lot of learning to do." Syverud will become U-M's third president in five years and the first U-M alumnus to serve as president in nearly a century. Syverud will begin his post at the state's larg Show less Read more
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