Karen Peetz Gone!
Yeah, folks! Karen Peetz, the woman responsible for my “Laser Focus” series has resigned completely from the Penn State Board of Trustees.
Peetz, whose famous deflection, “We need to maintain a laser focus on the future of the University” during the depths of the NCAA overreach following the Sandusky Scandal inspired my mocking castigation as we wallowed in the mire. She was board chair at the time; later, she couldn’t take the heat and stepped down to occupy a role as trustee. She cited business commitments at the time, and she’s doing the same now. Peetz is CEO of BNY Mellon, where some of my money lives.
Best remembered for being the chair at the time the dreaded NCAA sanctions were accepted, Peetz was roundly vilified by the PS4RS brigade and other pro-Paterno forces. It is interesting that she resigns at a time when there might be an eleventh hour deal struck between the University and the NCAA to avoid a trial in which the NCAA’s overreach in this case would be further exposed.
She will be replaced by former BoT member Ira Lubert, who has lots of money. That won’t make the PS4RS squadron very happy, because Lubert was among the trustees who voted “yay” for St. Joe’s dismissal in 2011.
Peetz’s resignation can be viewed as one further step in restoring normalcy at Penn State, and thus, I celebrate it as a great thing for the future of the University, laser focus or not. Goodbye, Karen, and may you always have a laser focus.
“Laser Focus” is now closed, but look for some more on the great NCAA overreach scandal as days wear on. January should prove to be an interesting month for Paternoists, Sanguinarians, PS4RSers, and NCAA Haters.