Michael J. Saylor was early to the free online-education market. In 2000, Mr. Saylor, then a dot-com billionaire as chief executive of a business-intelligence company called MicroStrategy, promised to give $100-million to open a new Web portal that would provide quality education for the masses at no charge.
That plan got derailed, though, when he lost $6-billion of his fortune in a single day of stock trading during a U.S. Securities and Exchange Commission investigation. The online-university project was sidelined.
These days, Mr. Saylor is back. Not only has he rebuilt MicroStrategy, but in the past few years he has also channeled his still-prodigious wealth into changing higher education.
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