Education: Keep Moving

On any other campus, the new degree might have sounded fantastic. But not at the University of Southern California. As everyone knew, the man financing the degree and the four-year course behind it was none other than old Captain Allan ("Keep Moving") Hancock himself, the chairman of the board of trustees. Coming from him, a bachelor of science in the liberal arts with a major in television sounded perfectly natural.

Southern Californians have grown used to the captain's doings. At 76, he is a leathery, laconic philanthropist whose personal fortune has been a source of never-ending wonders. He is a marine biologist,...

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