Time has been kind to Mr. Jobs. Read about his early years at Apple... he was famous for skewering anyone that disagreed with him. He also had lovely habits like parking his sports car in handicapped spots so he didn't have to walk as far. You can't disagree with his talent for running a company that did an awful lot of innovation, but he wasn't a nice guy. He named one of his first products, the Lisa after his daughter, but didn't treat the actual daughter that well.
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Sure, just like he told her about Santa Claus for most of her childhood. You're right in that he did come up with some ridiculous backronym like Local Information Storage Architecture or something but let's be real -- he didn't have a lot of daughters and he could have named that computer ANYTHING. That computer was named after her, full stop.