UM: Business School

The Detroit News covered Friday’s official opening of the new building for the UM Ross School of Business. The building was named for Stephen M. Ross, a real estate mogul who donated $100 million to the school five years ago. At the ribbon-cutting ceremony, Ross was asked about reports that one of his companies asked for federal bailout money: “He said the rumor began when he walked out of a Wall Street Journal editorial board meeting and the newspaper printed a story that said Ross was seeking federal money. Subsequent media reports name Ross as among a group of commercial real estate developers who have lobbied Congress for public aid. ‘I was not part of it,’ he said.” [Source]