Laureate later an annual "terse of Canary wine." To Pye an allowance of £27 was made instead of the wine. Tennyson drew £72 a year from the Lord Chamberlain's department, and £27 from the Lord Steward's in lieu of the "butt of sack." Laureate In English, the word laureate has come to signify eminence or association with literary awards or military glory. It is also used for winners of the Nobel Prize, Gandhi Peace Award and the Student Peace Prize. In ancient Greece, the laurel ("Laurus nobilis") was sacred to Apollo and as such sprigs of it were fashioned into a
Laureate International Universities of the biggest names in finance, including Henry Kravis, George Soros, Steve Cohen and Paul Allen". Laureate’s annual revenue is approximately $4 billion. The company holds $3.5 billion to $4.7 billion in debt. Moody's rated Laureate's corporate bonds as high-risk and characterized Laureate as highly leveraged. Laureate spends in excess of $200 million per year on advertising, including television commercials, online campaigns and billboards. There have been claims that "Laureate boosts revenue at struggling colleges by turbocharging enrollment, often without a parallel increase in academic investment." The Sylvan/Laureate Foundation was created in 1997 as a non-profit foundation to provide education,