Did nobody notice what the Trustees just pulled?
- Thread starter mgkpsu
- Start date
Well, considering how corrupt the BoT is, and what insufferable jerks they are, and how they refuse to reform……I would send them a dozen Barry Fenchaks until the board is cleaned up.
As Ye sow, so shall Thee reap.
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The money that has dried up is one thing but if the Alums had the balls of Michelle Obama things would have a shot at changing. Sadly, on issues that really matter they are powerless because they are ball-less. I guess they're too busy planning their little click and party meetings for the next BW weekend and arguing over the color of the tablecloths and napkins.
(1) Write in Barry J. Fenchak '84
(2) When Ali Krieger comes up for reelection in 2026, ensure that her first term is also her last. She apparently didn't pay attention when we threw out all the Alumni Trustees who voted to fire Coach Paterno, and then lied about the reason for his dismissal in March 2012, like trash as opposed to the formerly distinguished alumni they were prior to November 2011.
(3) Jay Paterno pointed out that the Nominating Committee may have exceeded the scope of its authority by bringing in a controversy already addressed elsewhere and also covered by Judge Marshall's injunction. Cause for an ethics complaint via Penn State's Ethics Hotline against the entire Nominating Committee (except Paterno)? Make it public so they can't sweep it under the rug?
(4) Should we send copies of the injunction, in which Judge Marshall writes in part, "Denying the injunction and allowing Plaintiff’s removal would re-cast a shadow over the financial operations of Defendants, to the detriment of every Penn State stakeholder except those at the very top of the Penn State hierarchy," to the ethics hotlines of the employers of the Business & Industry Trustees? Having employees on PSU's Board brings visibility to the companies, but maybe this is not the kind of visibility they want.
I am surprised Merck allowed Kenneth Frazier to remain on the Board after he used a racial slur to an alumnus during a public board meeting. https://notpsu.blogspot.com/2013/03/ken-frazier-racist-remark-on-tape.html (the video is no longer available but the transcript is. “If you cared about that, you are one of the few people in this country, that looks like you, who actually believes the O.J. Simpson not guilty verdict was correct." Frazier, along with BNY Mellon's Karen Peetz, were among the Trustees who were proven by a subsequent deposition by Frazier and Keith Masser to have lied in March 2012 about the reason for Coach Paterno's dismissal--that's one strike and you're out at the US Military Academy. I have a screen shot of the story told unanimously by the March 2012 Board (less one honorable exception who resigned, thus not "tolerating those who do") side by side with the contradictory story later told by Masser under oath.
Commonwealth Court Judge Dan Pellegrini later opined that the Board failed to carry out its fiduciary duty to challenge the NCAA sanctions--not the kind of visibility big corporations want.
With the benefit of hindsight, this should have probably been done in 2012-2014.
(2) When Ali Krieger comes up for reelection in 2026, ensure that her first term is also her last. She apparently didn't pay attention when we threw out all the Alumni Trustees who voted to fire Coach Paterno, and then lied about the reason for his dismissal in March 2012, like trash as opposed to the formerly distinguished alumni they were prior to November 2011.
(3) Jay Paterno pointed out that the Nominating Committee may have exceeded the scope of its authority by bringing in a controversy already addressed elsewhere and also covered by Judge Marshall's injunction. Cause for an ethics complaint via Penn State's Ethics Hotline against the entire Nominating Committee (except Paterno)? Make it public so they can't sweep it under the rug?
(4) Should we send copies of the injunction, in which Judge Marshall writes in part, "Denying the injunction and allowing Plaintiff’s removal would re-cast a shadow over the financial operations of Defendants, to the detriment of every Penn State stakeholder except those at the very top of the Penn State hierarchy," to the ethics hotlines of the employers of the Business & Industry Trustees? Having employees on PSU's Board brings visibility to the companies, but maybe this is not the kind of visibility they want.
I am surprised Merck allowed Kenneth Frazier to remain on the Board after he used a racial slur to an alumnus during a public board meeting. https://notpsu.blogspot.com/2013/03/ken-frazier-racist-remark-on-tape.html (the video is no longer available but the transcript is. “If you cared about that, you are one of the few people in this country, that looks like you, who actually believes the O.J. Simpson not guilty verdict was correct." Frazier, along with BNY Mellon's Karen Peetz, were among the Trustees who were proven by a subsequent deposition by Frazier and Keith Masser to have lied in March 2012 about the reason for Coach Paterno's dismissal--that's one strike and you're out at the US Military Academy. I have a screen shot of the story told unanimously by the March 2012 Board (less one honorable exception who resigned, thus not "tolerating those who do") side by side with the contradictory story later told by Masser under oath.
Commonwealth Court Judge Dan Pellegrini later opined that the Board failed to carry out its fiduciary duty to challenge the NCAA sanctions--not the kind of visibility big corporations want.
With the benefit of hindsight, this should have probably been done in 2012-2014.
Might be more to the point to contact those business' ethics hotlines.
The question arises, and this would be entirely up to Judge Marshall, as to whether this decision contravenes the spirit of his injunction against removal of Fenchak from the Board.
Krieger wasn't paying attention when we threw out every single Alumni Trustee who voted to fire Coach Paterno in 2011. She needs to learn the same lesson when she is up for reelection next year.
Under the standards of the US Military Academy's Honor Code, the entire Board as constituted in March 2012, less one honorable exception who distanced himself from the behavior by resigning, would have been disqualified for lying or tolerating those who do. That's one strike and you're out at the USMA, and compliance is expected of 18 year old cadets. The employers of the Business & Industry Trustees would have been, I think, well within their rights to regard these people as organizational risks. If they lie to and on behalf of Penn State, might they also lie to customers, employees, stockholders, suppliers, and others?
As shown below, my father told me that the problem with telling lies is that you have to tell more lies to cover up the first one, and your web of lies eventually trips you up which is exactly what happened here.
https://www.psu.edu/news/administration/story/report-board-trustees-concerning-nov-9-decisions (not told under oath)
While Coach Paterno did his legal duty by reporting that information the next day, Sunday, March 3, to his immediate superior, the then Penn State Athletic Director Tim Curley, the Board reasonably inferred that he did not call police. We determined that his decision to do his minimum legal duty and not to do more to follow up constituted a failure of leadership by Coach Paterno.
The Board spent hours on conference calls between Saturday, Nov. 5, and Tuesday, Nov. 8, discussing appropriate action and our fiduciary responsibility as the Trustees. On Wednesday evening, Nov. 9, we met in person in State College. At about 9 pm, we unanimously made the difficult decision that Coach Paterno’s failure of leadership required his removal as football coach.
https://ps4rs.wordpress.com/wp-content/uploads/2015/03/masser-deposition-cormanvncaa-2014.pdf (told under oath)
The decision to remove Coach Paterno had nothing to do with what he had known, what he hadn't done. It was based upon the distraction of having him on the sidelines would have caused the University and the harm to the current football team. It had nothing to do with what Coach Paterno had done or hadn't done.
Ooof. This situation reminds me of our federal government, starting with the governance structure of the BOT. Money flows freely with little, if any, oversight and accountability. The system allows for kickbacks, waste, fraud and other corruption. Although it is possible that everything is being done totally above board, the system allows for rampant abuse. In those situations, the likely outcome is thievery.
I am very thankful that I no longer receive solicitation calls from Penn State.
I am very thankful that I no longer receive solicitation calls from Penn State.
I agree and very well said. The problem is most people on the BOT (and at the top of government) are just out for themselves. They are not there to serve others; they are there to enrich themselves. This is a big change that has occurred over the last 25 years or so. People are just now waking up to the fact that immoral, unethical people have taken over our institutions. Do everything you can to deny them $$. If the $$ continue to flow this will only get worse.
only foolishness people give $ to this school. It is like giving pearls to pigs
let me rephrase l I am generous but there are others much more deserving of our generosity. They have wasted billions since 1963 at all of their campuses.
A degree at a state school in PA is 3 times as expensive than one in FL.
let me rephrase l I am generous but there are others much more deserving of our generosity. They have wasted billions since 1963 at all of their campuses.
A degree at a state school in PA is 3 times as expensive than one in FL.
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