The all-inclusive Rutgers dumpster fire thread...

[oldpinepoint]

Rutgers created fake jobs for graduates to boost MBA program rankings, lawsuit charges

 

[sutomcat]

Rutgers created fake jobs for graduates to boost MBA program rankings, lawsuit charges

Rutgers is the saddest college in history. It must be hell to be an RU grad or fan.

 

[All4SU]

Rutgers created fake jobs for graduates to boost MBA program rankings, lawsuit charges

{…the university used more than $400,000 of its endowment to fund the fake positions and to pay what she called “kickbacks” to the employment agency.}

Have to give them points for creativity though. Shouldn’t stop criminal charges. But it’s creative.

 

[money3189]

A bunch of frauds at the SUNJ

 

[Finwad32]

It really is uncanny… They systematically find new ways to taint their name on an unparalleled basis.

 

[orangenauburn]

Wonder if Nancy is involved in this in anyway

 

[samspann1]

Rutgers created fake jobs for graduates to boost MBA program rankings, lawsuit charges

 

[HtownOrange]

Considering they rehired an abusive, lying, cheating HFC, is anything off the table for Rutgers? Serious question, will Rutgers stop at anything to prove they "belong" in the B1G? Or that they have a legitimate Athletics Department?

In the AD, they have been lying, cheating, stealing, wasting, etc., public funds, student fees, internal loans, and bilking donors for so long, did anyone not expect that it would filter over to other areas of the university?

 

[DMDMD]

Rutgers created fake jobs for graduates to boost MBA program rankings, lawsuit charges

They really went for it. Most schools judge fudge the numbers on their website because no one checks.

 

[GoSU96]

Gotta love those Jersey ethics.

Rutty gonna Rutty

TaxProf Blog: Whistleblower Claims Rutgers Created Fake Jobs For Graduates To Goose Business School Ranking

Following up on yesterday's post, Do The ‘U.S. News’ Rankings Rely On Dubious Data?: Chronicle of Higher Education, Rutgers B-School Faked Jobs for Graduates to Inflate Its Rankings, Lawsuit Says: Rutgers University’s Business School inflated its rankings by creating fake jobs for its graduates...

taxprof.typepad.com

 

[bigmike]

You know, there are a few things in life that are bankable - the sun will come up in the morning, and this thread will move to the top of the board page with alarming consistency.

 

[kcsu]

Gotta love those Jersey ethics.

Rutty gonna Rutty

TaxProf Blog: Whistleblower Claims Rutgers Created Fake Jobs For Graduates To Goose Business School Ranking

Following up on yesterday's post, Do The ‘U.S. News’ Rankings Rely On Dubious Data?: Chronicle of Higher Education, Rutgers B-School Faked Jobs for Graduates to Inflate Its Rankings, Lawsuit Says: Rutgers University’s Business School inflated its rankings by creating fake jobs for its graduates...

taxprof.typepad.com

Gotta love em. Shitano is so perfect for that school, right out of central casting

 

[HtownOrange]

Gotta love em. Shitano is so perfect for that school, right out of central casting

Rutgers' AD = STD of College Sports; they keep giving and giving and giving...but only what others do not want. And now the entire school is infected with the AD's ethics, or lack thereof.

 

[BKCuse]

{…the university used more than $400,000 of its endowment to fund the fake positions and to pay what she called “kickbacks” to the employment agency.}

Have to give them points for creativity though. Shouldn’t stop criminal charges. But it’s creative.

View attachment 216397

This is why endowments really burn me up. Apparently they can be accessed to run some BS scam but we can't even discuss touching it to save non-revenue sports when a once in a lifetime global pandemic strikes.

 

[longtimefan]

This is why endowments really burn me up. Apparently they can be accessed to run some BS scam but we can't even discuss touching it to save non-revenue sports when a once in a lifetime global pandemic strikes.

I expect the Rutgers scam is the exception, not the rule.

 

[orangenauburn]

I expect the Rutgers scam is the exception, not the rule.

I wouldn't be surprised if others run a similar racket

 

[Capt. Tuttle]

I expect the Rutgers scam is the exception, not the rule.

I suspect you are not correct

 

[longtimefan]

I suspect you are not correct

I prefer to be an optimist on this issue.

 

[Hoo's That]

This is why endowments really burn me up. Apparently they can be accessed to run some BS scam but we can't even discuss touching it to save non-revenue sports when a once in a lifetime global pandemic strikes.

The answer really is "it depends". The largest part of schools' endowments usually is restricted; the donor(s) gave the money to be used for a specific purpose, such as endowing a scholarship or a professor's chair. If the schools tried to use that money for something else, they'd be sued in a heartbeat. There are unrestricted monies in endowments, but they are small fraction of the total.

This is a sports board. People here like sports. They don't have a problem with having the unrestricted endowment money spent on sports. People who like sports are a minority, especially when one considers that the majority of students at most universities today are female. Most do not want any money from the endowment to go to sports. The money was given to the academic side of the house, not athletics. Most administrations will not fund any part of sports from the endowment because they don't want to tick off the donors. The academic side of the house is way, way, way more important to the president/chancellor/board of trustees than sports are.

 

[HtownOrange]

The answer really is "it depends". The largest part of schools' endowments usually is restricted; the donor(s) gave the money to be used for a specific purpose, such as endowing a scholarship or a professor's chair. If the schools tried to use that money for something else, they'd be sued in a heartbeat. There are unrestricted monies in endowments, but they are small fraction of the total.

This is a sports board. People here like sports. They don't have a problem with having the unrestricted endowment money spent on sports. People who like sports are a minority, especially when one considers that the majority of students at most universities today are female. Most do not want any money from the endowment to go to sports. The money was given to the academic side of the house, not athletics. Most administrations will not fund any part of sports from the endowment because they don't want to tick off the donors. The academic side of the house is way, way, way more important to the president/chancellor/board of trustees than sports are.

Well put. I would add to your last line that the academic side of the house is earns far more revenue and is more "profitable" than most ADs.

 

[NJCuse97]

Typically, a school’s endowment is its insurance policy. It’s usually a low risk investment fund that is not really liquid for capital expenses. Sometimes funds are set aside as CapEx funds from dividends or part of a donation to the endowment, but usually CapEx requires a more direct donation, and not pulled from the earning power of the endowment.

 

[djorange1989]

Typically, a school’s endowment is its insurance policy. It’s usually a low risk investment fund that is not really liquid for capital expenses. Sometimes funds are set aside as CapEx funds from dividends or part of a donation to the endowment, but usually CapEx requires a more direct donation, and not pulled from the earning power of the endowment.

typically, but in the case of Rutgers, it is probably also used as a helicopter slush fund for Shady

 

[All4SU]

The answer really is "it depends". The largest part of schools' endowments usually is restricted; the donor(s) gave the money to be used for a specific purpose, such as endowing a scholarship or a professor's chair. If the schools tried to use that money for something else, they'd be sued in a heartbeat. There are unrestricted monies in endowments, but they are small fraction of the total.

This is a sports board. People here like sports. They don't have a problem with having the unrestricted endowment money spent on sports. People who like sports are a minority, especially when one considers that the majority of students at most universities today are female. Most do not want any money from the endowment to go to sports. The money was given to the academic side of the house, not athletics. Most administrations will not fund any part of sports from the endowment because they don't want to tick off the donors. The academic side of the house is way, way, way more important to the president/chancellor/board of trustees than sports are.

I am fundamentally opposed to schools using endowments for sports. Beyond that, I believe most schools have lost their way, and will not remain viable long-term in their current model. Lots of endowments are going to be at risk.

 

[orangefog]

I am fundamentally opposed to schools using endowments for sports. Beyond that, I believe most schools have lost their way, and will not remain viable long-term in their current model. Lots of endowments are going to be at risk.

That's why I keep mine where I do, safe and sound.

 

[EnviroSciGuy]

That's why I keep mine where I do, safe and sound.

Best way to avoid the dreaded lower body injury.