At their July 2020 meetings, the leadership of the PSU Board of Trustees is moving forward with plans that will lead to the elimination of the last vestige of Board accountability - eliminating the right of Penn State Alumni to openly elect 9 members to the Board. These are the only positions - on the … Continue reading What should our Trustees be doing to combat the Scoundrels – Right Now.
Funds that could have endowed 2,000 full scholarships for PSU students. 2,000 Full Scholarships for PSU students, each and every year, forever. All thrown away - for absolutely no benefit. Recent Letter to the Editor in the CENTRE DAILY TIMES: As the individuals responsible for oversight of the Penn State endowment, Penn State’s trustees have … Continue reading The Real Costs of Fiduciary Negligence
Earlier - we discussed the bewildering increases to the fees paid to "Investment Managers" of the Penn State Endowment: https://barryfenchak4trustee.wordpress.com/?p=710 This BLOG will take a deeper dive into making sure we all know how the "Penn State Endowment" is constructed. And we will unravel some of the more disconcerting aspects of the Endowment and its … Continue reading A Deeper look at the Penn State Endowment
By now, I believe we are all familiar with Eric Barron's record of incompetence and self-interest - and his detrimental impact on the Pennsylvania State University: But just how did Eric Barron happen to land in the seat of Penn State President? Let's take a look back: In late 2013, when Rodney Erickson's tenure was … Continue reading Why is Eric Barron PSU’s President?
What does a Penn State Bachelor's Degree really cost? As most students (and their parents) are aware, there is a lot of obfuscation with regard to the actual cost to finance a college education. While all Universities clearly publish their "sticker price" rates for tuition, that really is just the starting point: 1) Many … Continue reading Financial Cost of a College Degree: Penn State and the Big Ten
We start this blog with a quiz: Can you identify which of these pictures shows Swine engaged in a porcine Feeding Frenzy? Sorry. It was, of course, a trick question. The correct answer is "Both". Five Penn State Board of Trustees members joined in a conference call on Wednesday, June 19, 2019 and … Continue reading More $$$$ for Penn State Administrators
In order to solve any problem, we must first achieve three things:1) Understand the nature of the problem, and the damage it creates.2) Understand the root cause(s) of the problemand3) Be willing to commit to a solution that addresses the problem at its' source. The Cliff's Notes Version:1) Understanding the nature of the problem, and … Continue reading What will it take to bring Penn State Tuition costs under control? What can/should the PSU Board of Trustees do?
The Eric Barron Museum An $85,000,000 burden strapped onto the backs of Penn State Students. To satisfy the ego of an amateur artist, who happens to be the Penn State University Presidente. Brief recap of some key points, for those who are unfamiliar with Penn State's Existing Art Museum: 1) Penn State’s existing Art Museum … Continue reading Video Clips, May 2019 Penn State BOT Meetings: The Eric Barron Museum
Quick Summary of some of the PSU BOT Actions of 5/2/2019, the day of the PSU BOT Committee Meetings. First, let me just say that when attending these BOT Meetings, I feel like the guy in this commercial: https://www.youtube.com/watch?v=M1owcncKCHg&feature=youtu.be&fbclid=IwAR2Q38IqBT8_WRqpJiA4v5jKWDUBE0YZG1R-uhLiT_jlXmpZsWR_tXqWues Most of the most impactful actions came during the FINANCE Committee Meeting. Some of the … Continue reading Quick Summary: PSU Board of Trustees Meeting 5/2/2019
Did you miss the last Penn State Board of Trustees "Public" Meeting? Well, if so, here is a transcript (in its entirety): Mark Dambly (after calling the meeting to order): "We have a slate of 13 Consent Agenda Items to come before the Board for approval. If anyone thinks that one or more … Continue reading Penn State’s Board of Trustees: The Black Box of Dysfunctional Governance