Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Penn State paid Paterno's estate $5.76 million after his death

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-20-12 07:46 AM
Original message
Penn State paid Paterno's estate $5.76 million after his death
Fired, at age 85, while just about to die from cancer anyway, then given a huge "retirement" bonus.

This whole story stinks, from start to finish, from the University to Sandusky's wife to the police.




Official: Penn State paid Paterno's estate $5.76 million after his death
By the CNN Wire Staff
updated 5:34 AM EDT, Fri April 20, 2012

(CNN) -- Penn State University has paid out $5.76 million to the estate of Joe Paterno, its heralded head football coach who lost his job as part of a spiraling sex abuse scandal involving one of his former assistants, a school athletic official said Thursday.

Jeff Nelson, an assistant athletic director and spokesman for the university, said via e-mail that more than half of the payout -- $3 million -- was in the form of a retirement bonus.

The school gave Paterno's estate the balance of his employment contract because his exit as head of the Nittany Lions' football program was officially considered a retirement, not a termination, according to Nelson.

More details will be posted on http://openness.psu.edu, a website set up by the school to provide information about the case.


http://www.cnn.com/2012/04/19/us/pennsylvania-paterno-p...

Printer Friendly | Permalink |  | Top
dtexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-20-12 01:09 PM
Response to Original message
1. The State Penn University Nambla Lions must be proud.
;-)
Printer Friendly | Permalink |  | Top
 
DainBramaged Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-20-12 01:53 PM
Response to Original message
2. There will NEVER be justice for the absued in this case, ever
San DOUCHEky will die before he goes to trial....
Printer Friendly | Permalink |  | Top
 
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-22-12 07:33 AM
Response to Reply #2
3. And his wife? And the Penn State brass? And the police?
Printer Friendly | Permalink |  | Top
 
ellisonz Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-22-12 04:31 PM
Response to Original message
4. Shameful all around.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Sep 20th 2014, 09:10 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC