thepostman wrote: ↑August 27th, 2020, 10:40 pm
So it has become abundantly clear that Jerry has had his enablers over the yeaes. The BoT's hold a lot of the responsibilities for allowing everything to get to the point it has. Where do we start with them? Where were they the past 13 years?
Warren Cole Smith wrote a great article discussing this which was shared on Julie Roy's website and this quote stuck out to me. This is in regard to Jerry not being challenged when he told them he never broke any rules.
However, one thing he told The Post was at least half-true: “The board was gracious not to challenge that.”
I say “half-true” because Falwell was right that the board didn’t challenge him. The half that was not true was his use of the word “gracious.” That is not the word that comes to mind to describe the board’s behavior. Other words come to mind, including “wasteful,” “impotent,” and “cowardly.” The board’s unwillingness to “challenge” Falwell will now apparently allow him to walk away with $10-million in donor, student, and alumni funds.
So where were they and what do we as alumni do? I honestly don't know.
Posty, I know that the BOT wrestled with the idea of not paying him his severance contract. However, the most prudent thing to do was to let him go and not drag all of this through the courts.
I suspect that in return, Jr. had to agree to some sort of NDA and is supposed to help with the transition. I am sure he may not add much to the transition, but just a couple of things that he may help with, will be worth the money.
I am not happy that he got the golden parachute. He deserved nothing. But, if you consider the time and money involved, dragging this through the legal system, it was a good decision to just cut the cord and losses and move forward with the healing process. The money is a rounding error in the overall budget. In some cases, it is just better to swallow the medicine and move on. From a purely business perspective, it makes sense.
If we can now purge the payroll of the no-show jobs, we can recover that money quickly. IMHO