You’ll agree, I suspect, that there has been almost too much bad news this week.
In addition to the usual kerfuffle emanating from Washington, we learned that our university has fired its loyal and decent basketball coach. He wasn’t surprised, I’m sure. He didn’t win. Attendance dropped. In the major leagues of college athletics, the bottom line is the bottom line.
Then came the state auditor’s report criticizing the university for employing some classic capitalistic incentives to reward executives in what is, in many ways, a socialistic institution. Those folks didn’t have a won-loss record on which they could be judged. Nor, the auditor found, were there other reliable standards for determining their bonuses...
Read the complete column at the Missourian.