The end of another academic year is a time for nostalgia. Just ask Robert F.X. Sillerman, No. 375 on the Forbes 400, owner of both Elvis Presley’s estate and the company that produces American Idol and, until last year, chancellor of Long Island University’s financially troubled Southampton College. He agreed to resign that job after he clashed with LIU’s plans to shut the college down, but he held onto his special chancellor’s robe. The campus was sold to Stony Brook University in March—perhaps the catalyst for the request that Sillerman return it. But Sillerman, who donated more than $15 million to the college and served as its chancellor for ten years, is refusing. A source close to Sillerman says, “This guy gives them millions, and they thank him by asking him to give back a robe?” Sillerman apparently has no plans to return the robe. LIU had no comment.

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