The Schwartzman Scholarships
So, a big deal was made by all last week when businessman Stephen Schwartzman decided to fork over $300 million (one-third his own money, two-thirds money he’s collected from a whip-round of blue-chip American companies) to create a set of scholarships for (mostly) foreign students to study at Tsinghua University. The money will fund 100 students per year – 20 Chinese, 45 American, and the balance from the rest of the world – to study at Tsinghua’s newly created Schwartzman