If that statement is accurate, which I believe it is, then you are telling me that a Politician is willing to spend $100 million to win a “job” that will pay him 200k a year or 800k for the term.

Does anyone else see anything wrong with this scenario??

Also, Gee actually does the economy a huge favor by spending this money. If it wasn’t spent, the money would sit in a endowment fund where some “one percenter” would manage the money and collect 1% annually.

By spending $1.5 million a year in expenses, that creates jobs in the private charter airline business, hotel and restaurants, catering, retail etc. If that money is turned over 7 times in the state, that’s nearly $10 million a year boost to the economy. Think about the jobs those create which bring in income taxes.

And as stated here previously, he spends $1.5 million a year to bring in $100 million to the University. It’s called the price of doing business

Per Wikipedia: “Ferentz is currently the highest paid state employee in Iowa, with an annual salary of $3.86 million plus bonuses.”

If you believe this statement, then I have some land to sell you in the Gulf of Mexico.

He works for and is paid by the ATHLETIC DEPT. at the University, who raise their own money for their expenses.

“Bowties are cool.”

- The Doctor

/married to an interior designer
/in columbus

“The louder he talked about his honor, the faster we counted the spoons.”
– Emerson

It’s got the potential to be a bubble, for sure. Right now the most expensive institutions here in the states have an annual Cost of Attendance of just under $60k per year. If the current rate of increase holds we’ll see a single year Cost of Attendance near $100k within 20 years. I think that at that point we might start to see the rate of college applications per year finally grow at a decreasing rate, if not decrease altogether. Colleges need to figure this out as there will be a point when people will consider alternatives to attending a traditional 4 year institution.

Ohio State tells it’s students to expect a 5%-10% increase in tuition/fees every year.

Covers the cost of lost state funds.

I’m not sure if people have been “heaping praise” on him, only justifying his actions. It would be nice if we could permanently arrest inflation too, but that’s not happening. Right now tuition rates are increasing across the board above the rate of inflation and the reason it’s happening, particularly at state schools, is that state and federal funding has lowered due to fiscal concerns.

Find me a university that hasn’t increased tuition in the past 5 years. I’m sure that there is one somewhere, but we are in a perpetual state of tuition increase for both private and public schools right now.

Damn 529 calculators have college tuition going up 6%/year. Fuck me.

E. Gordon Gee laughs at your puny $152 shower curtain as inferior for his wet wrinkled nakedness. This shower curtain is bad and you should feel bad.

Amazon never knew what hit ‘em.

Find me a university that hasn’t increased tuition in the past 5 years. /blockquote>

Ohio State tells it’s students to expect a 5%-10% increase in tuition/fees every year. I would like to reserve the heaping praise many commenters have put on Gee for a guy who can continue to improve the university while not doing the same shit everyone else is.

Find me a university that hasn’t increased tuition in the past 5 years. I’m sure that there is one somewhere, but we are in a perpetual state of tuition increase for both private and public schools right now.

I learned from the Braun stuff… It doesn’t matter. They’re going to post what they’re going to post. We’re sheep that keep coming back.

President Gee is doing such wonders for the university though. Totally worth it.