The recently established Cornell College of Business, umbrella to the Charles H. Dyson School of Applied Economics and Management, the School of Hotel Administration, and Samuel Curtis Johnson Graduate School of Management, has been renamed Cornell SC Johnson College of Business after a $150 million gift from SC Johnson and its CEO H. Fisk Johnson who holds five Cornell degrees. Due to parts being dedicated as a challenge grant the potential impact of the gift amounts to $300 million.

Read the Wall Street Journal’s account here.