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Overnight Open Thread

123
iossarian7/23/2012 7:41:35 am PDT

re: #121 sattv4u2

how is a $60M fine fair? That money is simply going to come out of PSU’s already-shaky general fund.

umm,,no

As LawHawk pointed out in #72
$60 million is a huge sum, but one that isn’t going to miss a beat with a school’s endowment the size of Penn State ($1.8 billion systemwide)

I work in higher education, and a big part of my work is revenue/expenditure monitoring.

Believe me, I know whereof I speak. You don’t just take $60M out of the endowment to pay the fine. If you want I can go into the details, but essentially the $60M will come out of ongoing expenditures.