Brand New Vintage: 3i's head of US operation is going back to school

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    Tuesday, August 24, 2004

    3i's head of US operation is going back to school 

    Is this the plot line for a remake of Rodney Dangerfield's Back to School? Apparently, Martin Gagen, the US Chief of mega-private equity shop 3i, is leaving the firm after 20 years to go back to school! When I first read the story at AltAssets, I assumed that they had meant to write that he was going to Stanford to teach.

    But after a quick search on Google News I found that the Times Online was reporting the same story. According to the Times, Gagen, "
    the head of 3i’s US and Asia Pacific operations is to leave the FTSE 100 venture capital group with a £430,000 payoff in order to study philosophy and history."

    You can but a lot of Cliff Notes with
    £430,000!!

    It seems strange that such a major power player would just drop out to pursue philosophy and history. Strange and really really cool. Also, really honest. None of this "to spend more time with his family" song and dance. I am sure that he has plenty of options, but I guess he has enough money and this is what he wants to do. How refreshing! How gutsy!

    I don't know about the rest of you, but I would love to have a chance to be a student at the end of your career
    at an institution like Stanford -- just for the pure enjoyment of learning.
    - New York City at 8:55 PM

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