Tag Archives: resignation

Divestiture

In the most lopsided trinket deal since the Indians sold Manhattan, Jim “The Vest”  Tressel lost his 3.5 million dollar a year job as head coach of the The Ohio State University amateur football enterprise.

Tressel was tasked with policing the economic activities of the concern’s players. By fiat, the players’ incomes are restricted to the value of athletic scholarships plus bonuses, paid in trinkets. An uncertain number of players chose to liquidate those bonuses at a tattoo exchange. Others may be guilty of capturing market value for their services in the form of discounted auto sales.   Having learned of the unauthorized economic activity, Tressel failed to report it to the controlling authorities.  He was dismissed.