Greg Milani, a senior managing director at Stanford’s endowment, is reportedly leaving his position later this year with the university locked in a potentially damaging lawsuit with MedWhat.
Greg Milani (pictured), senior managing director at the endowment of Stanford University, Stanford Management Company, is reportedly to stand aside later in 2019 with his employer facing allegations of tax impropriety, Analytics Insight reported on Monday.
Virtual medical assistant developer MedWhat has accused Stanford University and its board of trustees of using the Stanford-StartX Fund – ostensibly an independent affiliate of the StartX accelerator – as a front to channel VC investments from its own accounts without paying tax.
Milani joined Stanford University in 2015 as an early hire of his former colleague at family office Alta Advisers, Rob Wallace, who was appointed the endowment’s chief executive in the same year.
Wallace is credited with rejuvenating the endowment’s performance by doubling down on its profit objective and overhauling the office’s investment team, according to Bloomberg.
Despite press speculation, it is unclear whether Milani’s impending departure relates to the MedWhat court action. Neither Milani nor the university has commented on the reports.
–Image courtesy of Stanford Management Company
