Not to be a total buzzkill, but his seat is in a suite next to Dave Brandon's at about the 35-yard line (west side). Can you imagine what kind of donation it would take to get Mary Sue's seat? She and Dave Brandon have suites on either side of the 50. This university has ungodly amounts of money.
Stephen Ross donates another $200 Million
entering a tower bearing her name, either.
"In an interview with the Journal, Ross, 73, said the donation will “finish the job” in completing renovations on the Business School’s other buildings. In the last fifteen years, every one of the top 10 business schools in the country has spent at least $30 million on upgrades to its facilities. One of the chief factors in convincing Ross to give his original $100 million donation was to help keep Michigan’s business school competitive with peer institutions."
It's always great to see even the most successful members of the Michigan community continue to circle back, reconnect and give back to Michigan. It speaks to the sort of culture and atmosphere that permeates campus, part of that being a sense of "family" and belonging.
Although I greatly appreciate Mr. Ross's generosity, am I the only one not thrilled that the athetlic campus -- which includes buildings named for Schembechler, Crisler, Yost, and Oosterbaan -- is being renamed after a man who happens to be a wealthy donor?
Big 'meh' on my end. The baseball stadium is named after the Wilpons...and the athletic academic support center is already named after Mr. Ross.
The baseball stadium is named after Ray Fisher, who coached Michigan to a College World Series championship.
The "baseball and softball complex," whatever that means, is named after the Wilpons.
The Ross academic center was a huge help to me in gaining my degrees... He makes a huge difference to athletes everyday just like our coaching greats.
Welcome to MGoBlog! Its good to have you as a contributing member.
Your move, Alfred...
maybe we will now get that football stadium expansion that was hinted at but passed over for the olympic sport upgrade. 10-20k more "cheap" seats would be nice.
Here is the Wall Street Journal article:
For those interested.
If you are an undergraduate student, unless you're in B-school or an athlete, you get nothing. An unfortunate problem with Michigan that doesn't seem to end.
One of the girls I went to High School with ended up getting accepted to Purdue... She majored and graduated with a degree in Comp Lit. She was so proud of her accomplishment and made sure to share that fact with anyone and everyone.. Till employers would tell her she didn't have the right skills needed. The degree from Purdue got her the interviews but she just did not have the knowledge to do the jobs she wanted. Long story short she ended up back at a for profit college with a nursing degree. Yay for Comp Lit!
One person I know who graduated with a comp lit degree is now a name partner at a New York PR firm, and got a job right out of school.
Whee, anecdotal evidence is fun!
A lot of English majors and Comp Lit majors do quite well for themselves.
And there's more to a University than getting a job. Last time I checked the motto of our University was still artes, scientia, veritas -- arts, knowledge, truth -- not "come here for your job training."
Agreed, maybe I just enjoy telling that story because of her smug attitude towards her degree from Purdue.
Sky is still blue, grass, green, and bouje is still very much bouje.
Yeah, English teachers are the worst. I think everyone should be a business man and no one should be an English teacher. What possible service to business could proper use of English contribute?
Most business degrees are equally useless. They get you jobs and looks for sure but a lot of the business majors are as dumb as the others majors you like to deride. Unless you're doing something with finance or financial engineering. Management degrees don't really mean shit.
I am happy for the school and thrilled that Mr. Ross has it in his power to give but Michigan has a huge endowment and seems little interested in making use of it in a way that will help society.
Without getting into to much deep discussion, we need medical doctors! Training for these professionals cost a fortune and contributes to fewer citizens obtaining a medical degree. Use some of this money to train doctors at a cheaper cost, we will need them.
We need docs to go to locales where they are really needed. And not just any docs, but primary care and general surgeons.
Exactly! Thank you for the follow up.
The cost of medical school can run beyound $200,000. Such a high cost for education and definitely a barrier for some.
Nah it isn't as big of a barrier as one may think.
Banks drool at the thought of lending money to physicians (or future physicians). We're a relatively low risk of default, and the thought is we will continue to do business with them in the future. Typically, the loans are offered at below-market rates in hopes of enticing future business out of us.
Aaand, there is always either the US Public Health Corps, or the ROTC programs that will foot your tuition bill for varying degrees of service (primary care + Obgyn in "medically underserved" communities, or 4 years active/8 years reservist military).
It IS expensive, but after 4 years of medschool you are pretty much guaranteed a 40-50K/yr job for 3-7+ years. And if you don't totally F-up, a 6 figure job after that.
The only thing that debt burden does is shunt folks towards specialties rather than primary care.
Not directly, no, but indirectly, yes. Keep in mind the success of the entire University relies heavily on the success of the Medical, Business, and Law Schools. Unlike the other Schools that receive money from the University in order to operate, these Schools actually make net payments to the rest of the University that fund the other Schools (I'm actually guessing the Law school is included in that, but definitely the case for the Medical School/Health System and the Business School.)
Run this by an administrator and see if they keep a straight face.
I guess get better more successful alums and convince them to give back? The Ross school and the athletic program is world famous he's just trying to keep it that way.( not saying there aren't other programs just as good) Not to mention you can get a pretty decent ROI for the athletic donation so in the end maybe that money gets spread toward your program?
looks around this incredible campus with its awesome free museums, amazing faculty, prestigious cultural events, cool programs like Semester in Detroit, GIEU, and UROP, facilities like the VR cave, the North Quad production studios, the Walgreen drama center...
This is what nothing looks like, hey?
I am an absolute turd in terms of giving. Not only in total amount, but also likely in percent of wealth. Good for him and good for U of M. Glad we have alumni that care this much bout their alma mater.
Love that guy.
So guys with his kind of money generally can do these sorts of things off interest alone. Now personally, if I had money like this, I'd be like Jeff Bezos and start a rocket company and find F1 rockets at the bottom of the ocean. I also would own an NFL team that wasn't the Dolphins.
But it is awesome how much he gives back to the University. And while athletic upgrades and academic building upgrades are nice, I think personally if I was to start donating this kind of cash, it would be for scholarships. As most of us are all too aware, the cost of college is incredibly high. Even if you are just cutting the costs by 25% for a ton of students, it goes an incredibly long ways to getting helping more students get one of the best damn educations in the world, and I think that would mean more. But that's just my personal opinion. I'm not going to hate on a guy for giving up $200 mil of his own money back to the University either way, just saying what I would do.
I'd also put huge walls on North Campus splitting the two weirdest groups of people: art/music students and engineers, so they wouldn't even be tempted to interact. But I'm an engineer, I can dream can't I?
According to the articles, it does include scholarship money (though specifically for Ross students, which I'm sure will invoke comments from the masses.)
couldn't find another subgroup that needs a wall less so that they can work on socialization and communication skills. I kid, but those are some interesting cats (in general) in social situations.
Which to others of us is weird and scary. I think a lot of engineers are just lost causes when it comes to associating with non-nerds.
"there are hundreds of athletic directors waking up all over the country right now. i guarantee i'm the happiest."
apparently velveeta called - they want to do a "marching band shell...and cheese" promo on saturday night. it's okay, though, they're giving the athletic department twenty bucks.
email this morningand thought two things:
how the hell can I compete with that donation.
They're running out of stuff to name after him.
That's it. Psshh
Michigan Stadium on the Stephen M. Ross Athletic Campus.
And with that donation he is now eligible to learn the secret location of Yost's seat in the stadium.
I find it a bit annoying that some feel the need to criticize Ross for how he chooses to use his own money. It's his money, which he earned. That gives him the right and privilege to dispose of it as he sees fit. As it is, he may well give anonymously to other organizations.
The other thing is that every individual has the ability to do what they can with their own resources. It isn't just the size of the gift, it is the percentage of income given that matters. I am a man of somewhat modest means. In the end, by giving regularly and generously, (largely for religious purposes,) I'll be contributing more than a half million over my lifetime.
I guess I think Ross's generosity is to be lauded. And those with different prioritites should be glad to support the causes which they find important, without sniping at Ross and what he chooses to do. Virtually everyone can make a difference in this world, if they choose to do so.
Quit bitching and applaud the man.
Just my personal opinion: I think it's great that he gives back, and it's his choice where he puts the money. And so I applaud him for that. I just wish....not to pick on him personally because it seems like it's the fashion.......I wish people who give the mega dollars didn't feel the need to have things named after themselves. I think they should get credit every time the new facillity/building/whatever is mentioned, but can't we just leave it as the Michigan Athletic Facility? I would hate for Schembechler Hall to one day be called the Stephen R. Ross/Schembechler Hall. In Chicago, a huge new children's hospital was built to replace Children's Memorial Hospital(our Mott's), and it's called Lurie Children's Hospital, after the donor. I prefer the way it used to be. Let it be about the kids (or about Michigan) and not the donor.
I respectfully disagree. Hell, I have an entire city named after me! Its a SimCity, but its still named after me. And I'm not losing a minute of sleep over it.
"I prefer the way it used to be. Let it be about the kids (or about Michigan) and not the donor. "
I think this is a longing for a time that never existed. Ferry Field (Michigan's home football field from 1906 to 1926) was named after Detroit businessman Dexter Ferry, not because he was a great guy, but because he purchased the land for the field and gave it to the University.
Mott--something you mention in your post--isn't named after Charles Stewart Mott for any reason other than the amount of money his foundation gave to the University.
Thank you for pointing that out. I couldn't get to the reply icon fast enough.
Just an FYI, I wasn't holding up Mott as "the way it used to be." I used it as an example so you understood how big the presence of Children's is in Chicago, if you didn't already know. And this wasn't a personal slam on Stephen Ross. It's more a comment on philanthropy as a whole, and how I wish it was 100% altruistic. I appreciate the gift, and any effort to give back in any way.
Realistically, the alternative is corporate sponsorship. I'd much rather honor the Michigan Men (and Women) who donate their hard-earned money to have their names on the building rather than a corporate entity with a loose connection to the University. Stephen Ross is an alum who has been hugely successful and generous -- how isn't that an ideal person to name something after? It's pretty much the way things have always worked, as others have pointed out.
Can't we pick on someone other than the Luries? LOL
FWIW, some proportion of donors do not name things after themselves but rather after family members they wish to honor/memorialize. So while there may be still some vanity attached to it, it might be less self-aggrandizing than we first assume.
Anyone else hope that (part of) this goes to some upper-deck type cheap seats at Michigan stadium?
I don't think the demand is there for more cheap seats in the stadium--notice that there is no longer a waiting list for season tickets. It's a nice fantasy to think of crowds of 125,000+, but I don't see them being able to sell that many tickets to watch Michigan play Eastern Michigan or Rutgers or whomever. It really does appear that they are close to the edge right now in terms of ticket sales--any expansion could mean that there will be a few games each year that are not sold out, with big ugly blocks of empty seats in the new sections.
If anything, expect the next round of renovations in Michigan Stadium to be to add more "exclusive" type seating areas, possibly extending the current boxes all of the way around the stadium.
If we had seasons like Alabama is having I'm sure we could fill out a 200,000 seat big house. Winning answers all problems. Look at basketball as an example.