[gjm11]

It's not as if this is an unusual thing. Stanford University is named for Leland Stanford. Carnegie Mellon University is named for Andrew Carnegie and Andrew&Richard Mellon. Duke University is named for the father of James Buchanan Duke. Purdue University is named for John Purdue.

Those people got to name universities by being rich and donating huge quantities of money. They weren't scholars, nor so far as I know were they especially virtuous people. They wanted their name on things. If Schwarzman does the same, it'll be nothing new.

We can go a lot further back, of course. Consider, for instance, King's College at the University of Cambridge. It's named for King Henry VI, who was no scholar and doesn't even seem to have been a particularly effective king. Balliol College at Oxford was named for John de Balliol, notably mostly for being extremely rich; it seems he didn't even particularly want to found a college but was told to do it as penance after some sort of dispute with the Bishop of Durham. That was in the thirteenth century.