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chimaki
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:13
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i think most reactions from students today here are superficial "what the hell, a new name?" As the dust settles and this leads to better facilities, more research, better professors, this is nothing but a huge boost to the school. president already alluded to the fact that every other top institution may not be hiring for the next few years cause of the faculty they want to bring in.
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jb32
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:20
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Boy, the price of having a school named after you sure is going up. Check out the following:

Dartmouth (Tuck) - $300,000 (1900s)
Northwestern (Kellogg) - $10 million (1979)
Duke (Fuqua) - $10 million
UCLA (Anderson) - $15 million
Indiana (Kelley) - $23 million
Cal (Haas) - $23.75 million
NYU (Stern) - $30 million
USC (Marshall) - $35 million
Texas (McCombs) - $50 million
Michigan (Ross) - $100 million
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solaris1
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:29
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Hopefully this is going to put an end to the rather annoying practice of referring to the University of Chicago's business school as "the GSB."

Columbia and Stanford call their business schools "GSB" too.

Chicago Booth does has a nice ring to it. As long as the name doesn't immediately conjure up images of long past presidential assassins...
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:32
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Aren't Wharton and Sloan already named after? :)
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garbus222
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:41
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falibay
Aren't Wharton and Sloan already named after? :)
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you're right. Not sure but isn't Stanford also the name of a guy who set up the uni? Then Columbia seems to be left. With the current crisis 500M can be tricky though...
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:45
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BTW, what will happen if somebody is very generous for the school already named after... Say in 2010 somebody approaches Booth and offers 1B - will they rename it again? ;-)
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jb32
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:50
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garbus222
falibay
Aren't Wharton and Sloan already named after? :)

you're right. Not sure but isn't Stanford also the name of a guy who set up the uni? Then Columbia seems to be left. With the current crisis 500M can be tricky though...
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Yeah, Leland Stanford and Joseph Wharton.
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:52
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jb32
Boy, the price of having a school named after you sure is going up. Check out the following:

Dartmouth (Tuck) - $300,000 (1900s)
Northwestern (Kellogg) - $10 million (1979)
Duke (Fuqua) - $10 million
UCLA (Anderson) - $15 million
Indiana (Kelley) - $23 million
Cal (Haas) - $23.75 million
NYU (Stern) - $30 million
USC (Marshall) - $35 million
Texas (McCombs) - $50 million
Michigan (Ross) - $100 million
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Do you have Wharton? Tuck is pretty cheap even inflation adjusted. I wonder how much HBS could ask, with 3-4 Billions in their endowment (just the b-school) , they don't really need anything but that would be interesting to see.
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falibay
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:54
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garbus222
BTW, what will happen if somebody is very generous for the school already named after... Say in 2010 somebody approaches Booth and offers 1B - will they rename it again? ;-)
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They should trade naming rights. We should make a market for it. I will be its first broker/dealer.

here is the market for Chicago - $250/$350 (bid/ask)
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jb32
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 17:58
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Joseph Wharton founded the Wharton School in 1881.
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falibay
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 18:00
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I think founding it is a bit different. If you created it, you have the right to name it after you.
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 18:29
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Wow.. That's pretty crazy.. This just has to mean good news for the business school.

There's a lot any b-school can do with 300mm.
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sonibubu
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 20:03
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I hope this means more scholarships. I actually loved saying "Chicago GSB."
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 20:59
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From: Robert J. Zimmer

Date: November 6, 2008

Re: $300 million gift to the University of Chicago

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.

This gift from the Booth family is a resounding endorsement of the University’s commitment to groundbreaking theory and rigorous examination of empirical data, which captivated Mr. Booth as a student and guided his career. In making the gift, he noted that his successful investment firm, Dimensional Fund Advisers, was built on principles he learned at the University and particularly from Professor Eugene Fama.

Dean Edward Snyder has announced that the school will use the gift to support several new initiatives, including aggressively attracting and retaining outstanding faculty. Other uses being considered include developing new faculty groups in academic areas not normally associated with business schools, expanding existing research centers, and launching ambitious programs to better leverage the school’s intellectual capital, including programs that extend its international presence.

Mr. Booth founded Dimensional Fund Advisers in 1981 with classmate Rex Sinquefield, MBA ’72. His deep commitment to the University of Chicago has been long-standing, including his service on the University Board of Trustees from 2002 to the present, and on the GSB Council from 1999 to the present. He earlier gave the University $10 million to help fund construction of the Charles M. Harper Center.

Mr. Booth’s success and his decision to make such a significant investment in the University are a testament to the power of the ideas developed by University of Chicago faculty, students, and alumni. I want to express my appreciation to the Booth family for their profound commitment to the ideals of the University and their unparalleled generosity, which will ensure that the University of Chicago Booth School of Business remains one of the leading schools in the world.
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dabots
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 21:37
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i like the new website. www.chicagobooth.com
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k88
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 22:08
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dabots
i like the new website. https://www.chicagobooth.com
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LOL
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Praetorian
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 22:08
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dabots
i like the new website. https://www.chicagobooth.com
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:lol: you got me.
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Gil
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Calling Chicago (Booth) Applicants for 2009 06 Nov 2008, 23:25
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Milspec
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I'm calling Booth School of Business.
Nice! (+1)

Just curious - what do you guys thinks this means for Chicago GSB?

Will it lead to an even stronger showing in the rankings? More scholarships?

He donates his life's work, the ink has not even dried on the endowment partnership, and you're already concerned about how you're personally going to benefit? Sorry for the buzzkill, but it needed to be said. Oh, and I applied on 10/15 and went complete 10/22. Add me to the list, please :)
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I am not a students at the BSB, but I want to be. What's wrong with wanting to know how this willl affect a school you hope to attend?
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Calling Chicago (Booth) Applicants for 2009 07 Nov 2008, 04:41
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I like the new name! I think will be great for the school, and for the next rounds of incoming students.
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mbagal1
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Calling Chicago (Booth) Applicants for 2009 07 Nov 2008, 04:46
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dabots
i like the new website. https://www.chicagobooth.com
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With the endowment, maybe they will buy that name from this company :)
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