CR Gaz exposes mismanagement at eiu

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Cyfern

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Althetuna

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I don't understand selling off assets unless U of I is desperate for money. Their long term budget projections must look bleak.

U of I gets:
Upfront payment $1.165 billion which they are using to pay off existing debt and create an endowment ($999 million).

U of I required:
Pay fixed fees ($35 million/year for 50 years)
Pay consultant fees ($13 million)
Continues to pay operating costs
Pay for upgrades to existing facilities
 

JM4CY

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Don’t call it mismanagement when you all will look back someday and see how smart they were.

#doingittherightway
 

Althetuna

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Is any of this tax payer funded? I think I know the answer but this is ridiculous.
No, its not. The U of I is projecting the ROI of the new endowment will cover all the cost of this deal plus provide addition funding.

They are projecting a 4% return. Historically they have seen an 8% ROI on their other endowments.
 

RQ4IOWA

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Raise em all you want. That fine University is known for making nothing but one marvelous hire after another.
Leath leaves for Auburn (SEC, SEC, SEC,), Geoffroy now teaches chemistry at ISU, and Jischke moved on to Purdue of the Big Ten. And You are ragging on Iowa’s president hires???
 
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Cyched

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Leath leaves for Auburn (SEC, SEC, SEC,), Geoffroy now teaches chemistry at ISU, and Jischke moved on to Purdue of the Big Ten. And You are ragging on Iowa’s president hires???
Yes, considering we didn’t hire them away from Golden Corral like UI did
 
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every_yard

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Iowa’s going to lead the way for schools addressing mismanagement issues.
 
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Pat

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Leath leaves for Auburn (SEC, SEC, SEC,), Geoffroy now teaches chemistry at ISU, and Jischke moved on to Purdue of the Big Ten. And You are ragging on Iowa’s president hires???
Wait, are you arguing Geoffrey was a bad hire because, at age 65, after 11 years, he stepped down and stayed on faculty? I’m certainly not in the weeds of academia but I thought his time at ISU was widely acknowledged as a success.
 

JM4CY

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Leath leaves for Auburn (SEC, SEC, SEC,), Geoffroy now teaches chemistry at ISU, and Jischke moved on to Purdue of the Big Ten. And You are ragging on Iowa’s president hires???
Barta my friend. Barta. Explain that to me then you can come after Iowa States leadership.
 
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trevn

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Wait, are you arguing Geoffrey was a bad hire because, at age 65, after 11 years, he stepped down and stayed on faculty? I’m certainly not in the weeds of academia but I thought his time at ISU was widely acknowledged as a success.
Troy Aikman was a complete bust because he now works in the booth for NFL games instead of playing QB. Makes total sense.