Required reading for anyone who thinks they know - or wants to know more about -

[stormingnorm]

their PSU Board of Trustees:

It is a THREE MINUTE read:

https://barryfenchak4trustee.wordpress.com/2019/04/25/penn-states-black-box-of-governance/

 

[Keyser Soze 16801]

Seems like any proposal on capital expenditures like dorm renovations should be greeted by the question "how long until we break even on this project?"

 

[Nitwit]

It’s not our money. It belongs to the university. And just as an example, how would you measure the efficacy of spending on the salaries of visiting fellows? Those seeking a break even point can respond regarding expenditures designed to improve quality.

 

[RGWhirly]

Seems like any proposal on capital expenditures like dorm renovations should be greeted by the question "how long until we break even on this project?"

Never really. In case of one of the new dorms the total cost of ownership probably goes in excess of $150M each. Even with all the room money collected over the years, probably never actually breaking even.

 

[AvgUser]

I would like to hear Anthony Lubrano comment on the BOT behaviors that Barry writes about in the post referenced here.
Is Barry correct? Why/Why Not?
Why is there no discussion, commentary dissension or any apparent pulse?

 

[WDLion]

Penn State is a money tree for some members of the BOT. It's the only reason they're there.

 

[Ian]

The BOT proceedings are like that manpower commercial where chimpanzees are having a board meeting and one of them flips the negative flow chart to show positive results and they all go crazy. That’s what I always think of when I hear of the BOT. And the “Robber” Baron is the biggest one of them all.

 

[Lion84]

LMAO

Perfect:

View embedded media

Honestly, the look of the one human in the commercial, that pretty much sums up how I feel when I try to explain any of this stuff to anyone (especially any of the Trustees)

That is spot on! They operate like the Federal Government - other peoples money so let's feed at the trough and the words "conflict of interest" are scrubbed from the dictionary.

 

[Nitwit]

I would like to hear Anthony Lubrano comment on the BOT behaviors that Barry writes about in the post referenced here.
Is Barry correct? Why/Why Not?
Why is there no discussion, commentary dissension or any apparent pulse?

I think A Lubrano has said before that these matters are discussed ( not sure how much) in the finance committee meetings which are not public, so when they come up for vote before the full BOT they have already been vetted. Perhaps he can elaborate regarding the extent of the discussion within the finance committee since we are not privy to that.