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Penn State?

The difference is that a business's capital and viability is measured in dollars and cents. Also, it can be readily replaced by its competition.

A university has a lot of ties and intangibles, people interested in keeping it going for a variety of reasons quite separate from whether it will simply be profitable going forward. Plus it has that halo effect due to its public purpose.
 
I think that civil suits raised by the victims will win huge judgements against Penn St. And hitting Penn St in the pocketbook will be what scares the other universities into doing the right thing in the future.
 
Qman said:
I think that civil suits raised by the victims will win huge judgements against Penn St. And hitting Penn St in the pocketbook will be what scares the other universities into doing the right thing in the future.
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You don't think the jail time will do the trick, but the university paying a ton of money will be what sways them?
 
(CBS News) CBS News has learned that the NCAA will announce what a high-ranking association source called "unprecedented" penalties against both the Penn State University football team and the school. "I've never seen anything like it," the source told correspondent Armen Keteyian.
NCAA President Mark Emmert will make the announcement Monday morning at 9 a.m. at the organization's headquarters in Indianapolis.
The penalties come in the wake of the independent report by former FBI Director Louis Freeh that chronicled repeated efforts by four top Penn State officials, including former football Joe Paterno, to conceal allegations of serial child sex abuse
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https://www.cnn.com/2012/07/22/us/penn-state-paterno-statue/index.html?hpt=hp_t1

The statue of the late Penn State football coach Joe Paterno has been removed from outside the campus' stadium, CNN affiliate WTAJ said.

The 900-pound bronze statue is being stored in a "secure location," according to a statement from Penn State President Rodney Erickson. The tribute to Paterno had become an object of contention after the child rape scandal involving former assistant coach Jerry Sandusky.
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northeast said:
no, actually, a private company would more likely be shut down under similar circumstances.
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Well, I don't know what you are defining as private, though your small diner shutting down example makes sense. That would happen. A glut of military contractors that have been caught running child prostitution rings still exist though. And they are "private" companies. Dyncorp is probably the most prominent of those and what they did is a million times worse than Penn State.
 
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Happy trails Joe.
 
Amazing.

What a downfall.

Could anyone have imagined just one year ago that Joe Pa would have been fired, left completely disgraced, and leave as one of the most despicable Head Coaches in history? Could anyone have imagined Penn St. scattering to hide all traces of Joe's legacy (like the statue)? Could anyone imagine that Penn St. would be facing such sanctions that would make them wish that they had been given the death penalty?

Could anyone imagine that this guy would have been the cause for all of this?

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Amazing.
 
https://sports.yahoo.com/news/ncaaf...mmert-four-year-bowl-ban-60-million-fine.html

I am okay with this penalty. I still believe it should have been the death penalty but this seems to be a happy medium.

1. 60 Million dollars to go to helping victims of child abuse.

2. reduse # of scholorships to 15 from 25 each year.

3. No post season (including big 10 championship)for 4 years.

4. Erase all wins from 1998 to 2011. Which takes Joe Pa out of the #1 spot for winningest coach.

5. and Any current player can transfer without waiting the normal 1 year to play elsewhere.
 
I think the penalties are fair.

I do wonder, WHO THE HELL would play for that school anymore? Unless, you truly can't find another program.

Anytime anyone sees that Football team or sees that school's name, they'll automatically associate it with the ugliness that has come out the past 8 months.

If I were a good athlete, Penn St. would be a last resort. And even then, I'd probably just walk on somewhere else and try and work my way up.
 
The Thriller said:
I think the penalties are fair.

I do wonder, WHO THE HELL would play for that school anymore? Unless, you truly can't find another program.

Anytime anyone sees that Football team or sees that school's name, they'll automatically associate it with the ugliness that has come out the past 8 months.

If I were a good athlete, Penn St. would be a last resort. And even then, I'd probably just walk on somewhere else and try and work my way up.
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Good post Thriller. It will be interesting to see how many players choose to leave.
 
The Thriller said:
I think the penalties are fair.

I do wonder, WHO THE HELL would play for that school anymore? Unless, you truly can't find another program.

Anytime anyone sees that Football team or sees that school's name, they'll automatically associate it with the ugliness that has come out the past 8 months.

If I were a good athlete, Penn St. would be a last resort. And even then, I'd probably just walk on somewhere else and try and work my way up.
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Truth. The stigma that they are going to have over this will haunt them for years, if not a generation. I would imagine Pittsburgh will out recruit Penn State for local talent now.
 
https://www.businessweek.com/news/2015-01-16/ncaa-settles-lawsuit-over-use-of-penn-state-s-sandusky-fine

The agreement approved yesterday by the NCAA resolves dueling lawsuits filed by the organization and Pennsylvania state legislators over the $60 million fine levied against the school for its inadequate response to reports of Sandusky’s abuse. That money will go toward programs that support survivors of childhood abuse.

NCAA President Mark Emmert said yesterday that the future of that $60 million was the impetus behind the settlement. He said college sports’ governing body stands by the authority it used to levy the 2012 punishments and that it was too early to tell if this set a precedent for future discipline.

In 2012, Penn State accepted a four-year bowl ban, a $60 million fine, five years’ probation and the loss of 20 scholarships annually for four years for failing to protect children from defensive assistant Sandusky, who is serving 30 to 60 years in prison for sexual abuse of underage boys.

In addition, all football wins from 1998 through 2011 were vacated. Yesterday’s reversal makes Paterno’s 409 victories the most at college football’s top level, 32 ahead of former Florida State coach Bobby Bowden.
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