Ariana Grande is getting into private equity; Citigroup is considering working with pot companies

Dear Readers,

Like most of you this week, I was captivated by the college admissions scandal. Some of the details that emerged were stunning: for example, wealthy parents Photoshopping their kids heads to make it appear like they were lightweight crew stars.

And the fall-out from what started as a criminal case is beginning to take shape at places like Stanford, where students are suing the school, saying that their degrees are now less valuable because prospective employers will always wonder if they were admitted to the university on their own merits (seriously?!) And just three days after the scandal broke, one journalist already got a book deal about it. Now that is hustle.

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