Name Change Follows Top Donor’s Default on Pledge at Florida Atlantic U.

Florida Atlantic University will remove the name of an insurance magnate, Barry Kaye, from its business school after Mr. Kaye said he would not fulfill a $16-million pledge, which had been the university's largest, the Sun Sentinel and Palm Beach Post reported. Mr. Kaye, who had been scrutinized for a proposal to do business with the university, blamed economic conditions for the default. He will pay $5-million of the pledge, and his name will remain on two halls and an auditorium.