College Board President Steps Down

Gaston Caperton is stepping down as president of the College Board, the company that runs the SAT and Advanced Placement exams. Caperton, 71, has helmed the College Board since 1999, a period that saw the number of students taking its exams go from 3 million to 7 million. But the decade also saw the SAT lose market share to its rival, the ACT, as a standardized college entrance exam. In 2009, Fortune magazine reported that an equal number of students now take the two tests.