Yale University will officially declare Blackstone boss Stephen Schwarzman a "Legend in Leadership" at a ceremony tomorrow at the New York Stock Exchange. Good guy to flatter: Documents filed this week for Blackstone's initial public offering reveal that Schwarzman will be worth $7.7 billion on paper after the deal closes.

Here's the canned quote from Yale B-school's Jeff Sonnenfeld:

"Having welcomed Steve Schwarzman to a dozen of our events, having worked at the two great universities where Steve Schwarzman earned his degrees, and having attended his same high school, I know that every institution touched by Steve has been proud of their association with him. Knowing many of his colleagues in the world of finance and private equity, no peer is more widely admired than Steve for his triumphant, high integrity institution-building and game-changing perspectives of evolving global markets. The four-generation panel of visionary, revered leaders presenting this award is as much a tribute to Steve as is the award itself."

Does such blather buy a Schwarzman Building for Yale? Or something even better?