The University of Chicago Booth School of Business, formerly The University of Chicago Graduate School of Business sent this note earlier this month.
I am very pleased to announce a remarkable gift of $300 million to the University of Chicago for the benefit of the Graduate School of Business by University Trustee and alumnus David G. Booth, MBA ’71, his wife Suzanne Booth, and their children, Erin and Chandler Booth. This is the largest donation in the University’s history and the largest gift ever in support of any business school. In recognition of the Booth family’s extraordinary generosity, the Board of Trustees has voted unanimously to name the school the University of Chicago Booth School of Business.
I don’t have any comment on this at this time other than Ted Snyder would be wise to take action on the issues in this blog post about business school rankings in determining how to use these funds and needs a multi-million dollar communication plan for the world’s experienced recruiting community so that this brand does not cause alumni great harm.