On Tuesday, students gathered outside the school's storied Foundation building to protest the decision.

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He penned the No. 1 hit "My Boyfriend's Back" in 1963 while working in the storied Brill Building, just as girl groups hit the airwaves.

WSJ: Early Digital Bet Now a Sweet Song for New York-Based the Orchard

Mr. Merkin still lives at his duplex at 740 Park Avenue the storied Manhattan apartment building that was the girlhood home of Jacqueline Kennedy Onassis and has boasted high-profile residents such as ex-Merrill Lynch chief executive John Thain and designer Vera Wang.

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Someone will get this box-building challenge right eventually, raising a key question: How did the storied Steve Jobs and Apple botch it so badly?

FORBES: The iFlop