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HokieAl
Joined: 10/07/1999
Posts: 19,964
Likes: 12,677
Founder

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.
Posted: 04/24/2024 at 12:01 PM ET
(In response to this post by MrBayAreaHokie)

Thread Replies (20)

Full Thread →
A&M athletic department eliminated a lot of jobs today. Expect to see more
Hokie 04 04/23/24 10:22 PM ET
All those let go should send Jimbo a thank you card, not!! :-)**
Stech 04/24/24 01:19 PM ET
Weren’t they also forced to get rid of the DEI people**
CrystalCoveHokie 04/24/24 11:12 AM ET
Getting rid of worthless "dead weight?" That's a positive!**
EDGEMAN 04/24/24 11:16 AM ET
“Dead weight” is generous. **
CrystalCoveHokie 04/24/24 11:44 AM ET
Yeah, "dead weight" implies no value. That was negative value.**
Hokie 04 04/24/24 05:34 PM ET
And will prob get added back once NIL is incorporated into Athletic Depts.**
marcbvtgm 04/24/24 11:01 AM ET
so i started working right after graduating from VT in 88
MrBayAreaHokie 04/24/24 08:58 AM ET
Opposite for me, I've worked for & with Multi-billion dollar companies and
Stech 04/24/24 01:14 PM ET
True, and its far worse in universities.
mancunian 04/24/24 12:07 PM ET
Yep, that’s accurate
HokieAl 04/24/24 12:01 PM ET
While that's true for a lot of them, others are invaluable
EDGEMAN 04/24/24 11:15 AM ET
Man, I miss that turkey head with the lights around it at Lane!**
arcadtect 04/24/24 11:10 AM ET
Interesting. I joined the workforce just a few years before you, and
Big12 guy 04/24/24 09:28 AM ET
Interesting story, thanks for sharing. Sports are money & the new big money
Stech 04/24/24 01:36 PM ET
I bet on horses occasionally with the full knowledge
mancunian 04/24/24 02:29 PM ET
Fat trimming in the athletic dept may be to make room for all those extra
33laszlo99 04/24/24 08:16 AM ET
Donor money is not free, it means the donors didn't give to something else.
Stech 04/24/24 01:46 PM ET
Did they set up a "fire Jimbo" fund?**
EDGEMAN 04/24/24 08:53 AM ET
Not so fast
DMV Gobbler 04/24/24 07:10 AM ET
Might not be bloat, aTm does owe Jimbo $77 million**
BROman Hokie 04/23/24 10:42 PM ET