it was announced that the name will be changed to honor Grace Hopper. Hopper (1906-1992) was a pioneering computer scientist (said to be the author of the first compiler) and ended up as a Navy rear admiral.
To me, this unfolded in exactly the right way. In the heat of the protest season the university stalled, announcing the formation of a study committee. Old institutions shouldn't make big decisions like that in a casual way. But once they had had time to reflect and to feel out the professors, the alumni, and the non-protesting students, they acted.
I also think it was the right decision. Calhoun College was opened in 1933 and there were protests over the name even then. Calhoun (1782-1850) wasn't just a typical man of the 19th century, but one who was notable for his racism at the time, and whose arguments helped advance the movement for southern secession. Yale is also adding two new colleges, and one of them will be named for Benjamin Franklin. Students also protested that designation, since Franklin at one point owned slaves and carried advertisements for slave sales in his newspapers. Besides which he is the author of numerous slurs against German immigrants, women, and probably others. To me, that is going too far, because for his time Franklin was notably liberal. Throughout his career he was a strong defender of American Indian rights, and toward the end of his life he became one of the new nation's loudest advocates for the abolition of slavery. If a college can't be named after him, then nobody who lived before 1960 is safe.