Responding to the ridicule of teachers and the teaching profession by politicians and self proclaimed "experts"!
"Where is Albert Shanker now that we need him?" - Walt Sautter

Sunday, December 8, 2013

A Smell Arises From the Trough at RU



The total cost of this "bullying" incident.

Skadden,Arps,Slate, Meagher & Flom   $   481,685
Connell Foley                                             $     64,000
Rice Settlement (Former coac                        $   475,000
Pernetti (former AD)                                   $1,200,000
New Basketball Coach*                              $5,000,000
Athletic Dir. Search                                     $     70,000
Crisis Management (?)**                              $   150,000
                                                                        ________
Total                                                                $7,440,685

*The five year contract for the new coach who has roughly a .330 win average.
** I am not for "bullying" anyone but a coach throwing a ball and yelling at a twenty something person who stands over six feet tall and weighs near two hundred pounds;I don't know if I would call this "bullying"? Does this really rise to the level of "crisis"??
Is this person being "bullied" or simply being subjected to a coach's mature tantrum. If the "bullied" person was so offended, couldn't he just have said "I quit" and leave the team? 
Does RU really have to spend this exorbitant amount of money (BTW it is our money, the taxpayers of NJ) to cure the problem.
Why do we have to shovel all this money to high priced lawyers and companies to correct this "bullying" incident?
Is it possible that a word or two to the coach and the athletic director could have sufficed?
Well, I guess not, probably because then all the aforementioned would not be in line to receive the outlandish payouts that were awarded!
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And while I'm at it, how about some other RU payouts and financial irregularities occurring over the recent past.

The former president of RU (McCormick) retires and as part of his "contract" comes back to teach 15 credit hours per semester at a salary of $315,000 per year!
The football stadium is renovated at a cost of $108,000,000 and has never been sold out since (not even close). Some of the cost has been obtained from donors but not that much. The rest was financed via bonds and of course RU (us) must pay the interest.
The present president (Barchi) receives a salary of over $600,000 per year and I don't really consider that a problem, it's a big job.
But - he also sits on Boards of Directors that do business with RU and is paid over $300,000 by them. 
Our Governor does not sees a conflict of interest here! 
He must have a serious vision problem or an inordinate amount of faith in the integrity of both Barchi and the companies !!!
I don't know about you, but for me, much of this has a very bad smell !
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And meanwhile, tuition and fees* continue to rise. 
* A back door way of extracting even more money from students without calling it a tuition increase. 
Orwellian Newspeak at its best!

1 comment:

  1. Here we go again - Today's news:

    Ex-Rutgers basketball player Derrick Randall sues school for Mike Rice incident

    Derrick Randall, a former Rutgers basketball player who transferred out of the school this spring, is suing the school relating to the incidents that ultimately led to basketball coach Mike Rice being fired.

    The lawsuit was filed Friday in federal court in Trenton and names Rice, Rutgers president Robert Barchi, former athletic director Tim Pernetti, former assistant coach James Martelli, CFO Janine Purcaro, and Mark Hershhorn, then chairman of board of governors' committee on intercollegiate athletics, as defendants.

    For the rest of the story:
    http://www.nj.com/rutgersbasketball/index.ssf/2013/12/ex-rutgers_basketball_player_derrick_randall_sues_school_for_mike_rice_incident.html#cmpid=nwsltrhead

    ReplyDelete

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