The website, L.A. Material, has a lengthy story on USC and its efforts to recover from scandals and financial problems.
This line drew my attention:
“Knowledgeable sources say some of USC’s biggest units — its engineering and medical schools and athletics department — continue to lose money.”
The story does not elaborate but if the athletic dept. is losing money that is a problem, especially after Jen Cohen recently said revenue is “up almost 60 percent over a three-year span.”
The story was co-written by Matt Hamilton, who won a Pulitzer Prize for the L.A. Times investigation into George Tyndall.
- Another interesting detail from the story is that John Mork, a member of the Board of Trustees, pledged $110 million to underwrite full-tuition scholarships for undergraduates but did not keep up the payments and USC was forced to underwrite the scholarships. The university wound down the program around 2020.
The story also mentions that during a board committee meeting early in the term of president Carol Folt, Mork soliticited her input by saying something like, “Let’s see what the girl has to say.”
InsideUSC with Scott Wolf 
ugh,gee john,awl thay gotta dew is prhint moar munney end evry thihng whil bee ghud,
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Ed. G, that is what the U.S. has been doing for years. If America was a company we’d be filing a bankruptcy by now
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I played little league baseball with John Mork. How did he get so rich?
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All he had to do was touch his fingers together and poof! A pile of money appeared. 😛
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Nanu-nanu!
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George Tyndall made a lot of SC coeds rich
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Just more fodder for Petros Papadakis to work with next Wednesday when he flops in for his 30 minute stream of consciousness on 570 AM ‘Two Pros and a Cup of Joe’ at the 5:00 a.m. mark…you should have posted this last night Scott.
This all began under Nikias – his indifference to doing his job as chancellor….complete indifference towards ‘problems’ and then the ensuing metastasizing of them….Nikias gave us Folt – good riddance to her too.
I believe President Beong-Soo Kim is the leader to lead just as Steven Sample did some 30+ years ago.
Question – is Nikias still ensconced up there on Huntington Drive?
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