If Miami Were Publically Traded Butch Would be Hired

[Canecanecane]

The BOT would go out and hire BUTCH. This is for a ton of reasons. From the angle of the school, he would revive the program, sell tickets in year 1, and generate interest from media outlets. This would increase sales from tickets, and sales from retail. This would be a net benefit on the income side. In terms of costs, this would be likely same price or even cheaper in year 1 than Golden. You make Butch earn a raise which would be directly tied to performance and ticket sales. The cheaper cost up front would help payoff the Golden contract which they botched in the first place. The lower cost can be viewed as the risk premium imbedded in his background and Butch would have to understand that. The governance would be tied to his pay, so any violation costs would come partially from Butch, and also they would need to create a process to ensure compliance.

This would all be a benefit to the fans and students (aka shareholders) who invest their money, time and energy into going to games and getting an education.

If you pay low upfront and tie his pay to performance, while also connecting him to governance, you get high return and moderate to low risk for all.

Do what's right, and if this was a publically traded company, many of the members of the board would have been gone already.

Hire Butch! Now

 

[Jaromir Jagr]

I love it when cubicle workers try to invoke business concepts into college football.

FYI - it's not a publicly traded company.

 

[LuCane]

I love it when cubicle workers try to invoke business concepts into college football.

FYI - it's not a publicly traded company.

There are a lot of business concepts that can be translated into college football or anything rooted in competition.

 

[Jaromir Jagr]

I love it when cubicle workers try to invoke business concepts into college football.

FYI - it's not a publicly traded company.

There are a lot of business concepts that can be translated into college football or anything rooted in competition.

No kidding. But when you start out by saying "if Miami were publicly traded" when Miami - and every other school - isn't publicly traded, the point kind of gets lost.

 

[GonzoCane]

We'll send it along to the bag lettuce guy and the cabin boy. See that they get it in between hissy fits about Butch.

 

[mirednmediocrity2]

The BOT would go out and hire BUTCH. This is for a ton of reasons. From the angle of the school, he would revive the program, sell tickets in year 1, and generate interest from media outlets. This would increase sales from tickets, and sales from retail. This would be a net benefit on the income side. In terms of costs, this would be likely same price or even cheaper in year 1 than Golden. You make Butch earn a raise which would be directly tied to performance and ticket sales. The cheaper cost up front would help payoff the Golden contract which they botched in the first place. The lower cost can be viewed as the risk premium imbedded in his background and Butch would have to understand that. The governance would be tied to his pay, so any violation costs would come partially from Butch, and also they would need to create a process to ensure compliance.

This would all be a benefit to the fans and students (aka shareholders) who invest their money, time and energy into going to games and getting an education.

If you pay low upfront and tie his pay to performance, while also connecting him to governance, you get high return and moderate to low risk for all.

Do what's right, and if this was a publically traded company, many of the members of the board would have been gone already.

Hire Butch! Now

There should be some way to hold these buttholes accountable for the mess they've made. As a private school. even the alums (besides the trustfund pricks) don't have any say. Just a brutally bad and moronically incompetent bunch.

 

[Canesvolls]

If the Miami football program was a company with publicly traded stock it would have been acquired several years ago by a private equity firm. Butch Davis would have been part of the group buying the company and yes, he would be running it. There is no doubt the PE firm would have looked to Butch and had him on board. The firm would turn it around in 3 years and then go sell stock again. I wish we (us fans) could "take the football program private".

 

[LuCane]

I love it when cubicle workers try to invoke business concepts into college football.

FYI - it's not a publicly traded company.

There are a lot of business concepts that can be translated into college football or anything rooted in competition.

No kidding. But when you start out by saying "if Miami were publicly traded" when Miami - and every other school - isn't publicly traded, the point kind of gets lost.

Don't disagree. I was simply commenting on your statement about business concepts.

 

[Jaromir Jagr]

I love it when cubicle workers try to invoke business concepts into college football.

FYI - it's not a publicly traded company.

There are a lot of business concepts that can be translated into college football or anything rooted in competition.

No kidding. But when you start out by saying "if Miami were publicly traded" when Miami - and every other school - isn't publicly traded, the point kind of gets lost.

Don't disagree. I was simply commenting on your statement about business concepts.

I didn't make a comment about business concepts. I made a comment about people who try to apply their own knowledge of business into college football. It doesn't work.

 

[Canesvolls]

The point is what a rational decision maker would do. The person who started this post is simply making the point that not hiring Butch is irrational. On a risk adjusted basis he is clearly the best hire.

 

[Jaromir Jagr]

The point is what a rational decision maker would do. The person who started this post is simply making the point that not hiring Butch is irrational. On a risk adjusted basis he is clearly the best hire.

LMAO.

Look, I'm on the Butch train. See my avatar. But for God's sake, quit trying to invoke your newly acquired business knowledge into this. "Risk adjusted basis" my ***. I want Butch because I think he would turn us around. But I am not naive enough to think that some of the other choices would be "irrational".

 

[Canesvolls]

Sir, I have worked in the business world many years. You have no idea what my business knowledge is or is not. The originally poster is making a point.

 

[Jaromir Jagr]

Sir, I have worked in the business world many years. You have no idea what my business knowledge is or is not. The originally poster is making a point.

And the points are silly.

 

[Martycane]

I love it when cubicle workers try to invoke business concepts into college football.L

FYI - it's not a publicly traded company.

There are a lot of business concepts that can be translated into college football or anything rooted in competition.

No kidding. But when you start out by saying "if Miami were publicly traded" when Miami - and every other school - isn't publicly traded, the point kind of gets lost.

Don't disagree. I was simply commenting on your statement about business concepts.

Lu's right. No need to be defensive.
And there's nothing wrong with a thought experiment. It's not like there has been a lot of news the last few days.

 

[Colina19]

I love it when cubicle workers try to invoke business concepts into college football.

FYI - it's not a publicly traded company.

+1

 

[UMFarArcher]

Sir, I have worked in the business world many years. You have no idea what my business knowledge is or is not. The originally poster is making a point.

And the points are silly.

Not if you have a business mind. I picked up the analogy instantly.

Now if someone has to mouth the words he reads . . . that creates difficulty.

 

[SpikeUM]

The BOT would go out and hire BUTCH. This is for a ton of reasons. From the angle of the school, he would revive the program, sell tickets in year 1, and generate interest from media outlets. This would increase sales from tickets, and sales from retail. This would be a net benefit on the income side. In terms of costs, this would be likely same price or even cheaper in year 1 than Golden. You make Butch earn a raise which would be directly tied to performance and ticket sales. The cheaper cost up front would help payoff the Golden contract which they botched in the first place. The lower cost can be viewed as the risk premium imbedded in his background and Butch would have to understand that. The governance would be tied to his pay, so any violation costs would come partially from Butch, and also they would need to create a process to ensure compliance.

This would all be a benefit to the fans and students (aka shareholders) who invest their money, time and energy into going to games and getting an education.

If you pay low upfront and tie his pay to performance, while also connecting him to governance, you get high return and moderate to low risk for all.

Do what's right, and if this was a publically traded company, many of the members of the board would have been gone already.

Hire Butch! Now

I suspect you are in B school, because this post is all theory and not real world.

 

[Jaromir Jagr]

Not if you have a business mind. I picked up the analogy instantly.

Now if someone has to mouth the words he reads . . . that creates difficulty.

Everyone picked up the analogy. But only a few of us realized that it has no connection to reality.

 

[Jaromir Jagr]

I suspect you are in B school, because this post is all theory and not real world.

My point exactly. Dudes are sitting around trying to figure out how to apply the textbook to something they are familiar with.

 

[UMFarArcher]

Not if you have a business mind. I picked up the analogy instantly.

Now if someone has to mouth the words he reads . . . that creates difficulty.

Everyone picked up the analogy. But only a few of us realized that it has no connection to reality.

BS.

The prime responsibility of any corporation is to generate profit. Period.

Whether dividends are distributed or not in a particular accounting period is another matter.

Butch will ignite the program, generate more positive national market awareness than the University could ever purchase.

Simple concept - run it like a business. Kinda went right over your head, huh?