Here’s a professor at UC Chapel Hill who thinks that his institution having wasted ten million dollars on its latest sports scandal is impressive.
Over $5 million went to Cadwalader, Wickersham & Taft. The folks at Skadden, Arps got a couple million more. We paid $1.3 million to Bond, Schoeneck & King; another million to Baker, Tilly. Almost double that amount went to Edelman, a giant PR outfit, offering expertise on “corporate reputation management.” FleishmanHillard raked in almost $400,000. You’d think the Old Well had relocated to Madison Avenue.
Yadda yadda. It’s like Dr Evil threatening to “hold the world ransom for… one MILLion dollars!” These are pathetic sums.
Penn State has so far paid out $93 million in its sports scandal. Talk to me when you’ve hit fifty mill.
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UD thanks John.