Yep, that’s accurate
You should see the inside of a Fortune 50 financial company. Tons and tons of people who have to be there for regulatory reasons but don’t really do anything to help the place.
For athletic departments, they are actually fairly small size as a business. I think they range from $10 million to $200 million. So small and middle size businesses. At that size they should be lean with emphasis on operations and compliance and athlete support. And companies that size should not be negotiating golden parachutes worth tens of millions of dollars for coaches who fail. That’s just stupid money management.
Thread Replies (20)
A&M athletic department eliminated a lot of jobs today. Expect to see more
-- Hokie 04
Apr 23, 2024 at 10:22 PM ET
Hokie 04
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04/23/24 10:22 PM ET
All those let go should send Jimbo a thank you card, not!! :-)**
-- Stech
Apr 24, 2024 at 01:19 PM ET
Stech
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04/24/24 01:19 PM ET
Weren’t they also forced to get rid of the DEI people**
-- CrystalCoveHokie
Apr 24, 2024 at 11:12 AM ET
CrystalCoveHokie
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04/24/24 11:12 AM ET
Getting rid of worthless "dead weight?" That's a positive!**
-- EDGEMAN
Apr 24, 2024 at 11:16 AM ET
EDGEMAN
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04/24/24 11:16 AM ET
“Dead weight” is generous. **
-- CrystalCoveHokie
Apr 24, 2024 at 11:44 AM ET
CrystalCoveHokie
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04/24/24 11:44 AM ET
Yeah, "dead weight" implies no value. That was negative value.**
-- Hokie 04
Apr 24, 2024 at 05:34 PM ET
Hokie 04
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04/24/24 05:34 PM ET
And will prob get added back once NIL is incorporated into Athletic Depts.**
-- marcbvtgm
Apr 24, 2024 at 11:01 AM ET
marcbvtgm
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04/24/24 11:01 AM ET
so i started working right after graduating from VT in 88
-- MrBayAreaHokie
Apr 24, 2024 at 08:58 AM ET
MrBayAreaHokie
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04/24/24 08:58 AM ET
Opposite for me, I've worked for & with Multi-billion dollar companies and
-- Stech
Apr 24, 2024 at 01:14 PM ET
Stech
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04/24/24 01:14 PM ET
True, and its far worse in universities.
-- mancunian
Apr 24, 2024 at 12:07 PM ET
mancunian
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04/24/24 12:07 PM ET
While that's true for a lot of them, others are invaluable
-- EDGEMAN
Apr 24, 2024 at 11:15 AM ET
EDGEMAN
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04/24/24 11:15 AM ET
Man, I miss that turkey head with the lights around it at Lane!**
-- arcadtect
Apr 24, 2024 at 11:10 AM ET
arcadtect
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04/24/24 11:10 AM ET
Interesting. I joined the workforce just a few years before you, and
-- Big12 guy
Apr 24, 2024 at 09:28 AM ET
Big12 guy
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04/24/24 09:28 AM ET
Interesting story, thanks for sharing. Sports are money & the new big money
-- Stech
Apr 24, 2024 at 01:36 PM ET
Stech
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04/24/24 01:36 PM ET
I bet on horses occasionally with the full knowledge
-- mancunian
Apr 24, 2024 at 02:29 PM ET
mancunian
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04/24/24 02:29 PM ET
Fat trimming in the athletic dept may be to make room for all those extra
-- 33laszlo99
Apr 24, 2024 at 08:16 AM ET
33laszlo99
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04/24/24 08:16 AM ET
Donor money is not free, it means the donors didn't give to something else.
-- Stech
Apr 24, 2024 at 01:46 PM ET
Stech
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04/24/24 01:46 PM ET
Did they set up a "fire Jimbo" fund?**
-- EDGEMAN
Apr 24, 2024 at 08:53 AM ET
EDGEMAN
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04/24/24 08:53 AM ET
Might not be bloat, aTm does owe Jimbo $77 million**
-- BROman Hokie
Apr 23, 2024 at 10:42 PM ET
BROman Hokie
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04/23/24 10:42 PM ET