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So LSU is probably filing for bankruptcy

Posted on 4/22/15 at 4:38 pm
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
46322 posts
Posted on 4/22/15 at 4:38 pm
LINK
quote:

LSU President F. King Alexander’s stunning announcement Wednesday that he’s drawing up official bankruptcy papers for the school is just one step short of naming the colleges and departments that he will close if the Legislature does not raise the funds to close the $1.6 billion budget shortfall for the coming fiscal year.

Unless Gov. Bobby Jindal and legislators come up with a budget solution very soon, you can cancel just about every ongoing faculty search at LSU and watch as the exodus of faculty accelerates.

Students, especially incoming freshmen who have offers from out-of-state colleges, will start bailing out, too, as it increasingly appears there could be no fall semester at the state’s flagship university.

lol poors
Posted by Dirty Whistle
Member since Jul 2011
1159 posts
Posted on 4/22/15 at 4:38 pm to
(no message)
Posted by AU4real35
Member since Jan 2014
16065 posts
Posted on 4/22/15 at 4:39 pm to
Hell AU almost raised that in one week
Posted by Tornado Alley
Member since Mar 2012
26495 posts
Posted on 4/22/15 at 4:39 pm to
I'm thinking this may be a bluff by LSU brass to get Jindal and the legislature's attention.
Posted by bona fide
Burma
Member since Jun 2010
8972 posts
Posted on 4/22/15 at 4:39 pm to
Posted by Rebel Land Shark
Member since Jul 2013
30162 posts
Posted on 4/22/15 at 4:39 pm to
lol
Posted by CNB
Columbia, SC
Member since Sep 2007
95871 posts
Posted on 4/22/15 at 4:40 pm to
Posted by ipodking
#StopTalkingAboutWomensSports
Member since Jun 2008
56271 posts
Posted on 4/22/15 at 4:40 pm to
fricking Republicans ruin everything!
Posted by Dlab2013
Pineville, Luzianna
Member since Jun 2013
9219 posts
Posted on 4/22/15 at 4:40 pm to
Political move, Jindal needs to put his failed GOP Presidency run on hold and handle a few instate issues
Posted by TTsTowel
RIP Bow9den/Coastie
Member since Feb 2010
91640 posts
Posted on 4/22/15 at 4:41 pm to
LOLOLOLOLOLOLSU poors
Posted by absolute692
US of A, MFer
Member since Feb 2007
3964 posts
Posted on 4/22/15 at 4:41 pm to
This coming 2 days after the Louisiana Legislative Session began is no coincidence.
Posted by Swagga
504
Member since Dec 2009
16112 posts
Posted on 4/22/15 at 4:41 pm to
quote:

I'm thinking this may be a bluff by LSU brass to get Jindal and the legislature's attention.



It is. Jindal's popularity is crashing here.
Posted by NFLSU
Screwston, Texas
Member since Oct 2014
16626 posts
Posted on 4/22/15 at 4:42 pm to


Posted by Hugh McElroy
Member since Sep 2013
17330 posts
Posted on 4/22/15 at 4:42 pm to
No wonder they have financial issues - the pay people like Kevin Steal 1.1 million per year.
Posted by DBU
Member since Mar 2014
19059 posts
Posted on 4/22/15 at 4:43 pm to
State money counts for like 8% of LSU's budget.

But feel free to troll.
Posted by Grit-Eating Shin
You're an Idiot
Member since May 2013
8432 posts
Posted on 4/22/15 at 4:43 pm to
Steele has the #1 defense in the SEC. I'd say he's worth it.
Posted by TTsTowel
RIP Bow9den/Coastie
Member since Feb 2010
91640 posts
Posted on 4/22/15 at 4:44 pm to
quote:

Steele has the #1 defense in the SEC. I'd say he's worth it.
He inherited it, but it will not remain so.
Posted by Projectpat
Houston, TX
Member since Sep 2011
10521 posts
Posted on 4/22/15 at 4:46 pm to
Another blow to the "LSU didn't want to pay Chavis more" theory. The want was obviously there. The ability on the other hand...sounds like y'all need to raise crawfish prices again!
Posted by Mister Tee
On the Lake
Member since Jun 2014
2761 posts
Posted on 4/22/15 at 4:46 pm to
For just three cents a day...THREE CENTS!, you too could help save a LSU student from starvation.

[cue "In The Arms of an Angel" and show pictures of sad students lying down on benches around LSU's campus...staring blankly into the camera]
Posted by OBReb6
Memphissippi
Member since Jul 2010
37676 posts
Posted on 4/22/15 at 4:47 pm to
Hasn't the school not seen any increase in enrollment in years?
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