In the summer of 1992, Penn State needed cash and signed an exclusive 10-year $14 million deal with Pepsi. Since that time, Pepsi has been the exclusive provider of soft drinks on all of Penn State's campuses, including vending machines, dining halls, convenience stores, and advertising ventures. Although the contract hasn't been finalized yet, Penn State is working to secure another 10-year agreement with Pepsi to be ready by the new fiscal year which starts July 1.
According to a recent report by the Chronicle of Higher Education, our much revered former President Graham Spanier made just under $1.1 million during the 2011 fiscal year. That makes G-Span the third highest paid President in public education, and only one of three to crack the 7-figure mark.
In an AP report released this afternoon, it was revealed that Joe Paterno earned a $13.4 million state pension over the course of his 61-year career. The money will go to his widow Sue Paterno, who will receive a lump sum of $10.1 million by the end of this month with the rest being paid out over the next two years.
Since the university has been around before the abolition of slavery, bringing our campus infrastructure into modernity sometimes comes with impediments. In the case of the Willard building renovation project that is slated to begin this summer; asbestos is causing the university to take extra steps to ensure the safety of workers, faculty and students. Learn more about the asbestos infestation at Penn State and how OPP plans to rid almost 60 campus facilities of the cancerous material after the jump.
United States Secretary of Agriculture Tom Vilsack will deliver his presentation, "How Agriculture Education and Research Help Create Job Opportunities: The 150th Anniversary of the USDA and the Land Grant University System -- Looking Back and Looking Forward," today at 11 am in Berg Auditorium of the Life Sciences Building.
The results of the alumni Board of Trustees election, announced last Friday at the monthly meeting in the Nittany Lion Inn, were anything but surprising.
Former Penn State football player Adam Taliaferro, widely seen as the front-runner throughout the campaign, predictably garnered 15,629 votes, appearing on just under 42% of the ballots. The always-outspoken Anthony Lubrano wasn't far behind with 10,096 votes, and the third and final winner, retired Navy SEAL Ryan McCombie, finished with 4,806 votes.
So what does this mean for Penn State?