Definition: The Academy was originally a grove near Athens which contained a gymnasium. Plato delivered his lectures there, and the school where he taught came to be called the Academy. Aristotle taught at the Academy, as well as Plato, and may have expected to take over its running. However, after Plato's death, the running of the Academy was handed over, not to Aristotle, but to Speusippus. Aristotle set up his school of philosophy at the Lyceum.
Examples:
A page on the Academy from School of Mathematics and Statistics
University of St Andrews, Scotland says that Cicero lists the leaders of the Academy up to 265 B.C. as Democritus, Anaxagoras, Empedocles, Parmenides, Xenophanes, Socrates, Plato, Speusippus, Xenocrates, Polemo, Crates, and Crantor.
