A rich man walks into the Dean's Office at a small college. "I'd like to donate several million dollars to the institution."
"Why, that's very generous of you."
"But there is one condition: I'd like you to bestow an honorary degree."
"That's no problem; no problem at all."
"I haven't finished. I want an honorary degree for my horse."
"Yup, you bet. She carried me for many a year and I owe her a lot. I'd like her to receive her Tr.d. - Doctor of Transportation."
"I'm sorry, we can't give a degree to a horse. What will people think?"
"Well, I'll just take my donation to another educational institution."
"Wait, wait! Let me consult with the school trustees." The dean calls a hurried trustee meeting and relays the details of the deal. All of the board except the oldest member reacts with shock and dismay. The oldest trustee looks like he's sleeping through the meeting.
After all the arguments, the old man says, "Take the money and give the horse the degree."
"What? Don't you think that would disgrace the college?"
"We give honorary degrees to lawyers, don't we?"
"Yes, but ..."
"We give honorary degrees to politicians, don't we?"
"So what's wrong with giving an honorary degree to the entire horse?"
Hat tip: Phil of Phils Phun