Records: Tressel made $21.7 million at Ohio State

FILE - This Dec. 5, 2009, file photo shows Ohio State football coach Jim Tressel smiling as he addresses the crowd as his Big Ten champion football team was recognized at halftime of the Ohio State-Eastern Michigan NCAA college basketball game, in Columbus, Ohio. In this 10 seasons as head football coach, being shoved out of the job in May, Tressel was richly compensated. (AP Photo/Terry Gilliam, File)

FILE - This Dec. 5, 2009, file photo shows Ohio State football coach Jim Tressel smiling as he addresses the crowd as his Big Ten champion football team was recognized at halftime of the Ohio State-Eastern Michigan NCAA college basketball game, in Columbus, Ohio. In this 10 seasons as head football coach, being shoved out of the job in May, Tressel was richly compensated. (AP Photo/Terry Gilliam, File)

(AP) ? Jim Tressel made $21.7 million as Ohio State football coach over his decade-long tenure before being ousted for breaking NCAA rules, records from the publicly funded school show.

Tressel earned more than $3.5 million in 2010, the year he covered up an improper benefits scandal that has led to Ohio State being forced to appear before the NCAA's committee on infractions this Friday.

The figures, released Tuesday by the university as part of a public-records request by The Associated Press, show that almost a quarter of Tressel's pay ? $4.6 million ? came from an exclusive deal under which Ohio State directed a portion of its exclusive deal with apparel-maker Nike to the coach.

During his career with the Buckeyes, Tressel was provided football game tickets valued at $104,800, more than $10,000 in Ohio State basketball tickets and over $21,000 in bowl tickets. His contracts also called for him to receive a $200,000 signing bonus in 2003, national-championship game bonuses worth a total of $835,000 (the Buckeyes played for the BCS title after the 2002, 2006 and 2007 regular seasons) and another $155,000 in bonuses for OSU players hitting certain academic standards.

In Tressel's second season, Ohio State won the 2002 national championship ? its first in 34 years.

Presidents of NCAA institutions are meeting this week in Indianapolis to discuss a number of issues, possibly including expensive coaching contracts.

By comparison to Tressel's $3.5 million salary last year, Ohio State President E. Gordon Gee earned a raise in his base salary to $818,167 and received a $300,000 bonus.

Tressel's contracts with Ohio State, like those of many of the top collegiate football coaches, were full of perks.

He was reimbursed almost $10,000 in 2008-09 for his membership and expenses at an exclusive local country club. Leased cars for the coach and his wife, Ellen, were valued at $23,000 for 2010-11. They also benefited from personal use of jets and charter flights amounting to just under $60,000 since 2005. In addition, the university paid for hundreds of dollars in cell-phone plans over his career.

Tressel was forced to resign on May 30 for failing to tell his bosses at Ohio State that he had learned players were trading memorabilia for cash and tattoos, breaking NCAA rules. Tressel was required under his contract and NCAA bylaws to alert his superiors to any rules violations by his athletes.

As a result, the Buckeyes have self-imposed penalties which include vacating last season's 12-1 record plus the team's share of the Big Ten title and going on two years of NCAA probation. The committee on infractions can accept those sanctions or can add other penalties such as bowl bans, fines and recruiting limitations.

Six players were suspended for the first five games of the upcoming season, although three-year starting quarterback Terrelle Pryor gave up his final year of eligibility for the chance to play in the NFL. Another player, linebacker Dorian Bell, is no longer with the team.

Former assistant coach Luke Fickell, selected to take Tressel's place as interim head coach, is being paid around $700,000 ? roughly $3 million less than Tressel made a year ago. He said on Tuesday that the money is not why he took the job.

"I'm not focused on that one bit," he said. "I've never known what I've made since I probably started. You could talk to my wife if there's any questions there. If they asked me to take this job and said they weren't going to change your pay, we weren't going to do anything different, I'd still do it. Maybe that sounds crazy, but that's the way I feel about it."

Initially suspended for two games and fined $250,000 by the university last March, Tressel's final termination package released him from having to pay any of the fine. He also was allowed to keep his benefits package and was paid more than $54,000 of base salary for the month of June.

Gee, athletic director Gene Smith, Tressel and Fickell are among those expected to appear at the hearing on Friday in Indianapolis.

Asked at the end of the 2010 season if he was bothered that his head football coach was being paid so much, Gee said the coach's salary reflected his value to the university.

"What we need to do is to pay people what they're worth," he said. "I'm the highest-paid public university president in the country and people ask me, 'Does that bother you?' I say that I hope I earn my keep everyday. ... You think about coaches and you think about surgeons and you think about English faculty members. These are investments and we need to pay them so that they are worthy of that investment."

___

Follow Rusty Miller on Twitter: http://www.twitter.com/rustymillerap.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2011-08-09-FBC-Ohio-St-Tressel's-Pay/id-4c256ef14d7940cdb9642f9050d78235

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JACKIE KENNEDY: LYNDON JOHNSON KILLED JFK | Weekly World News

NEW YORK ? Tapes released by Caroline Kennedy reveal that Jackie Kennedy believed Lyndon B Johnson was the? mastermind behind JFK?s assassination.

Ttapes recorded by the First Lady months after the President?s death are to be released ahead of schedule by her daughter Caroline.

In the tapes, to be broadcast by ABC, Kennedy reveals her belief that Johnson and a cabal of Texas tycoons orchestrated the murder of her husband by gunman Lee Harvey Oswald.

Kennedy, who later became Jackie Onassis, claims on the tapes that the Dallas murder was part of a larger conspiracy to allow Johnson to become American President in his own right.

Johnson, who served as state governor and senator for Texas, completed Kennedy?s term after the assassination and went on to be elected president.

Leading historian Arthur Schlesinger Jr. recorded the tapes with Jackie Kennedy within months of her husband?s death.

They have been stored in a sealed vault at the Kennedy Library in Boston after orders from Mrs Kennedy that they would remain secret for 50 years after her death.

Now, 17 years after her mother died from cancer, daughter Caroline has opted to release the tapes early.

She has entered an agreement with the ABC network in the States who will air the tapes after agreeing to cancel their Kennedys drama series which upset Caroline and the Kennedy family.

The $10 million series starred Tom Cruise?s wife Kate Holmes as Jackie Kennedy and critically charted the family?s political and personal trials and tribulations since the 1930s. It has now been dropped in a deal with Caroline concerning these tapes.

ABC executives have confirmed that the revelations in the tapes are ?explosive? with Jackie Kennedy allegedly blaming President Lyndon Johnson for the death of JFK.

It is believed the tapes also include the suggestion that President Kennedy was having an affair with a 19-year-old White House intern with his wife even claiming that she found underwear in their bedroom.

Jackie Kennedy also admits to several affairs of her own in the tapes ? one with Hollywood star William Holden and another with Fiat founder Gianni Agnelli ? in? retaliation for the President?s indiscretions.

There are also claims that the couple had discussed having more children in the weeks before his death.

Noted Kennedy family historian and author Edward Klein said: ?Jackie regarded the pretty young things in the White House as superficial flings for Jack. She did retaliate by having her own affairs.

?There was a period during which she was delighted to be able to annoy her husband with her own illicit romances.?

Source: http://weeklyworldnews.com/headlines/36655/jackie-kennedy-lyndon-johnson-killed-jfk/

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Human Resources Practices: Enhanced Human Resource Practices Make ...

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4 Tips for Handling Business Bankruptcy - Heupel Law P.C, Denver, CO

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As a business owner, you?ve spent countless hours trying to turn your company into a success. However, if your business is no longer financially stable, then bankruptcy may be a way for you to avoid further financial problems and even save your business. Filing for bankruptcy is not an easy process, and can be very stressful for you and your partners. Here are four tips to help you get through your business bankruptcy.

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In order to make sure your bankruptcy filing goes smoothly, it?s important for you to have well documented and organized records that show you?ve done everything you can to be financially responsible in the way you run your business. Courts and creditors will be far more understanding when they know you?re making a good faith effort to fix your financial situation.

Be Honest with the Court and Your Creditors

When you petition for bankruptcy, you are submitting a legally binding document. Intentionally leaving creditors or assets off the bankruptcy petition, concealing assets, or being dishonest with your attorney, the court, and your creditors can land you in a lot of trouble. Additionally, you?ll also find that creditors will be far less likely to negotiate with you if you?re caught in a lie.

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Companies can become financial unstable for many reasons. Depending on the cause, your company may or may not survive the bankruptcy process. Speak to a bankruptcy attorney or advisor about the prospects of surviving as a company after bankruptcy, and then make plans with your partners accordingly.

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The best way to get through a business bankruptcy is to have excellent legal advice and representation. Even the most savvy business owners don?t have the legal knowledge or experience to navigate the complex and confusing bankruptcy process.

To learn about your company?s bankruptcy options, contact Heupel Law P.C. We specialize in working with Denver businesses to ensure financial stability through bankruptcy. Call (720) 583-8310 to learn more.

Source: http://www.coloradobankruptcyadvice.com/197149/2011/08/05/4-tips-for-handling-business-bankruptcy.html

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