New Berkeley Chancellor

As noted in the prior post, the Regents placed on their agenda today an announcement of the new Berkeley chancellor. It turns out to be an internal candidate, Prof. Richard Lyons, and economist of the Haas business school (at a base salary of about $946,000, some of which is to be privately funded).

Richard Lyons is Associate Vice Chancellor and Chief Innovation & Entrepreneurship Officer, and former Dean of Berkeley Haas.  His research is on exchange rates, but from a "micro" perspective rather than the traditional "macro" perspective. The micro approach uses data on transactions in currency markets to address how this market absorbs new information. It is both "information theoretic" and quite applied in that it addresses the phenomenon (price determination) at its source. His most recent work in this area is on stablecoins, which are cryptocurrencies pegged to other currencies like the US dollar or hard assets like gold. He is also writing more now on innovation and how cultures of innovation can be developed in universities and other institutions around the world. 

Source: https://vcresearch.berkeley.edu/faculty/rich-lyons.