You may have seen that Henry Kravis of KKR agreed this week to give $100 million to Columbia Business School to construct a new B school complex northwest of the main Columbia campus.
Hmmm. Didn’t we hear about another buyout mogul giving a similar amount not long ago? Indeed, Steve Schwarzman gave $100 million to the New York Public Library in 2008.
Both men will have their names on their buildings. (Fair enough if you cut a check for $100M.) But it certainly seems like Schwarzman got the better deal — prime real estate in Midtown (5th Avenue at 42nd). Not to mention those lions. Let’s not forget the lions.
What did Kravis get? A to-be-built building in an industrial zone that, well, frankly isn’t that attractive.