Don't mistake my input as defending their actions. I'm not and I never will.
You're right that the shiny object of JVP was perhaps the biggest reason the dumpster fire was of epic proportions. The OGBOT's shortsightedness and hubris, and for some, a desire to harm JVP allowed this to be a disaster that needed to be handled outside of the corporate handbook protocols. And they weren't up to it or interested in doing that. So, imo, they are the #1 case study for worst handling of a crisis ever.
Along with many others, I've said from the onset of their horror show that their biggest mistake was to treat this like Vioxx and other corporate messes. People don't love Merck or BP... but countless alums and fans and others absolutely love Penn State as something special and far more than an inanimate entity with a stock valuation to think about. If it's possible to feel a heartfelt love for something inanimate, I truly love Penn State and Happy Valley, and have for over 50 years.
An important aspect of that love having grown and thrived over the years for so many of us was JVP. He was not the only aspect, not the most important, but often the most visible and tangible and perhaps even the most interesting in some ways. Unfortunately, our OGBOT did not love PSU the way its constituents - and JVP - always have. They treated Dear Old State like she was Merck or BP or MBNA or whatever other soulless company they ran, and in their never-ending tone deafness, completely misunderstood and underestimated the reaction of the great unwashed, unsophisticated, uncomprehending alums like me.
So here we are, even taking into account hindsight bias, knowing full well that most any of us could have handled this thing better from the get-go than these multimillionaires and half-billionaires have. The most important reason is that we would have had a true and sincere and unencumbered and an ethically-unchallenged agenda for handling the situation with integrity.