In the basement of Old Main... No worries Neeli's got this... she inherited the money printing press from onion dip
PSU: “Dec.7 informational town hall event to explain budget allocation model”
- Thread starter BobPSU92
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In the basement of Old Main... No worries Neeli's got this... she inherited the money printing press from onion dip
Now I know what it must feel like to dive head first into a wood chipper.
Doesn’t the following give you comfort?
“…will help the University in long-term planning and in prioritizing key priorities such as student success; research; diversity, equity, inclusion, and belonging, and more.”
Asked myself how a budgeting model accomplishes that. Does it sing "Kumbaya" when you put money in certain lines?
Just fu@k us all, everyone!
I didn't realize until just now that we added a "B". I'd like to propose we should add a "C" for cuddling.
Budget got-thisness permeates:
Cutting through all of that verbiage, we reach the core: no unit will receive a cut of more than 4% or an increase of greater than 4.6%. So guess what the outcome will be? LMFAO.
Also nice to know that it's going to take another two years, at least that's the target, to achieve a balanced budget. Would someone care to explain why Thorndike is still employed at PSU?
This is beyond ludicrous.
"In some cases, units that have been operating with a deficit budget may need to balance their budgets in conjunction with the changes in their central budget allocation."
This University needs a "cost reduction" project, not a "shifting revenue" project.
"In some cases, units that have been operating with a deficit budget may need to balance their budgets in conjunction with the changes in their central budget allocation."
This University needs a "cost reduction" project, not a "shifting revenue" project.
Budget decisions explained in more detail by President Bendapudi
“As an institution, we have been spending more money each year than we bring in, which has put us in a vulnerable state,” Bendapudi wrote. “Let me be very clear: At this moment, while the overall institution is not in a financial crisis, I do understand these changes will have a significant impact for some units.”
She seems to bring fiscal responsibility, or at least she tries to, which means we aren’t getting our money’s worth out of that barren consultancy.
“As an institution, we have been spending more money each year than we bring in, which has put us in a vulnerable state,” Bendapudi wrote. “Let me be very clear: At this moment, while the overall institution is not in a financial crisis, I do understand these changes will have a significant impact for some units.”
She seems to bring fiscal responsibility, or at least she tries to, which means we aren’t getting our money’s worth out of that barren consultancy.
Losing money but the branch campuses remain sacred cows 
And administrative bloat remains unaddressed
But shame on you selfish alums who are not throwing your money into this pit!
And administrative bloat remains unaddressed
But shame on you selfish alums who are not throwing your money into this pit!
Your statement about administrative bloat not being addressed is not accurate. There have been several high level positions eliminated and continue to be. Some consolidation is happening too which will then result in the next level or two being impacted. I don't know what you guys do for a living but with a large organization, it takes some time to analyze the organization and then perform an organizational realignment based on data and facts. Considering Neeli has only been in her role around 9 months, she is doing OK. She walked into a much larger mess than she expected, similar to what Pat Kraft landed.Losing money but the branch campuses remain sacred cows
And administrative bloat remains unaddressed
But shame on you selfish alums who are not throwing your money into this pit!
The list of "key priorities" says volumes about the chances of actually getting anything done.
Would love to hear some specifics so I can share in your optimism
Actually, it doesn't take long to make major changes in a large organization if you provide the right incentives. I worked for a $6B company about 25 years ago that was purchased. We had offices and factories all over the world and at the time of the settlement we had about a 5% EBIT and were told we had 30 days to implement a plan to get us to 18%. Takeover was in April, and we finished the year at 22% EBIT. Again, with the right incentives even a large organization can change quickly. The first day of the big layoffs we lost about 11,000 people and closed many facilities.
I understand what you are saying, but still apples and oranges. You cannot compare a company that is bought that wants earnings greatly maximized in a short period with an educational institution.
Which says a lot about the lazy asses and bandits that the BOT allowed to operate in such deficit. WTF was going on over the last five years? I’d walk the entire leadership group right out the door if that was her conclusion. My god why would anyone donate money to this place if they have been that reckless. Shameful.
Keep in mind, moving one person out of a position - and replacing them with someone else - may be a positive move (for any number of reasons), or maybe not (depending on the situation) - but that, in and of itself, is more likely to increase costs, rather than reduce them.
Different institutions, and different missions, for sure. But the underlying broad-stroke principals vav fiscal responsibility most definitely carry over.
Since Dr Bendapudi took over, IIRC, 10 of the 20 positions on the President's Council (one can think of that as being similar to a "Cabinet") have new leadership. 6 have new "permanent" leaders (Jennifer Wilkes, Sara Thorndike, Larry Terry, Jennifer Stedelin, Rachell Pell, and Shannon Harvey), 4 currently have "interim" leaders in place (Frank Guadagnino, Andrea Dowhower, Justin Schwartz, and the VP of Development replacement for Rich Bundy).
Every situation is different, but FWIW that level of turnover is not particularly uncommon following recent Presidential transitions at Big Ten Universities.
University Leadership | Penn State (psu.edu)
In addition, 2 newly created positions (Chief of Staff, and VP for Enrollment Management) were added.
Every situation is different, but FWIW that level of turnover is not particularly uncommon following recent Presidential transitions at Big Ten Universities.
University Leadership | Penn State (psu.edu)
In addition, 2 newly created positions (Chief of Staff, and VP for Enrollment Management) were added.
Yes, I know. A large Global OEM company is much more more complicated, yet we were able to accomplish what had previously been thought impossible in 30 days. You just need the right incentives.
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He‘s pulling your leg. No one’s being hired. There’s a hiring freeze.
The Coach said "Your statement about administrative bloat not being addressed is not accurate" but FTG makes it sounds like 20 people have bloated to 22....
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