Joan Weill, the wife of billionaire Sanford Weill, has inscribed herself in stone as one of the greatest, most insensitive egos in today’s philanthropic world.
She recently pledged $20 million to financially struggling Paul Smith’s College in northern New York, located in the heart of the Adirondacks. Her only condition was that the institution, created in 1937 with a bequest by Phelps Smith in honor of his father, Paul Smith, be renamed Joan Weill-Paul Smith’s College. She didn’t even have the humility to demand the name be changed to Paul Smith-Joan Weill’s College.
The proposed award, although approved by the college’s president, Cathy S. Dove, and the college board of trustees, has created a storm of criticism from faculty members, students, alumni and other college supporters.