"Wake Will" and Bzzz

[BabyDeac75]

The basketball situation is adversely impacting the fundraising efforts. Make no mistake. I was told by the folks responsible for fundraising that they hear it every day! That is one of many reasons that this season will be the last before RW regretfully informs us of Bz's resignation and thanks him for putting our program in a position to enjoy great success in future years.

 

[Dillon Fence]

Casstevens is still an active CPA. (#18291) I am a CPA in NC. The NC Board of CPA Examiners doesn't play. If you have any ruling of fraud or financial malfeasance they will take your license and never give it back without thinking twice about it. They have a well deserved reputation for being one of the most strict licensing boards around. The fact that they didn't permantly revoke his license and the minor SEC penalties does indicate to me that the case against Casstevens was very unusual and he must of had a significant amount of exculpatory evidence on his side.

I am a CPA as well. Agree 100% with what you said. Think you and I were on agreement on this topic the last time folks tried to dig crap up that had no merit.

 

[Dillon Fence]

The basketball situation is adversely impacting the fundraising efforts. Make no mistake. I was told by the folks responsible for fundraising that they hear it every day! That is one of many reasons that this season will be the last before RW regretfully informs us of Bz's resignation and thanks him for putting our program in a position to enjoy great success in future years.

i have no doubt this is true. and it's unfortunate, unless we are no different than louisville (petrino) and O$U and other schools where athletics > academics. if we wake alum truly think wake is different then separate the athletics from the academics. anyone who links it is no different than the fans at the "lesser" schools.

 

[deaconson]

The basketball situation is adversely impacting the fundraising efforts. Make no mistake. I was told by the folks responsible for fundraising that they hear it every day! That is one of many reasons that this season will be the last before RW regretfully informs us of Bz's resignation and thanks him for putting our program in a position to enjoy great success in future years.

And yet the powers that be will allow ron to keep hanging around when this is 100% his fault. He made the hire and every single subsequent decision that drove the program, athletic department, fundraising, alumni and fan excitement right into the ground. Can't hire a relative but you can continue to retain and empower losers that kiss your ass. Nepotism = bad. Good ol' boy cronyism = good.

 

[Dillon Fence]

90+% of us aren't going to a better job no matter what Wake is ranked academically. My current job gives zero shits where I did undergrad. None. If I ever have to get another job I can't think of a situation where any of them would also give a single shit where I did undergrad.

I still take great pride in Wake and want it to succeed in all areas, both academic and athletically. You can put your head in the sand and compartmentalize academics and athletics and pretend they function in vacuums independent of each other, but I refuse to accept that. Wake is Davidson without athletics. And Wake is a much bigger national name and commands much more national respect academically than Davidson largely because of athletics.

Buzzdick and Wellman are burning our flagship program to the ground. That flagship program affects so many more things at Wake than wins and losses of a sports team. It affects school pride, donations, morale, participation, and people actually giving a shit about Wake Forest and not tuning all things Mother So Dear out in apathy.

I agree with most of this except for your last paragraph. coming from wake will not get you hired anywhere...but it will make your resume stand out, it will start conversations, and it will give you a higher starting point than someone from a school with a lesser academic rep. beyond that it's all about you and your work experience. you just can't deny that the wake name can open doors in the job world. i don't think the OSU name does.

 

[PhDeac]

The basketball situation is adversely impacting the fundraising efforts. Make no mistake. I was told by the folks responsible for fundraising that they hear it every day! That is one of many reasons that this season will be the last before RW regretfully informs us of Bz's resignation and thanks him for putting our program in a position to enjoy great success in future years.

That should have been a reason for asking him to resign BEFORE starting a major fundraising effort. But that makes too much sense.

 

[thedeacfan]

Casstevens is still an active CPA. (#18291) I am a CPA in NC. The NC Board of CPA Examiners doesn't play. If you have any ruling of fraud or financial malfeasance they will take your license and never give it back without thinking twice about it. They have a well deserved reputation for being one of the most strict licensing boards around. The fact that they didn't permantly revoke his license and the minor SEC penalties does indicate to me that the case against Casstevens was very unusual and he must of had a significant amount of exculpatory evidence on his side.

As I understand it, he and his boss made millions off of their stock options because of his malfeasance. He then pays a $150,000 fine and loses his CPA license for a few years but gets to keep his ill-gotten-gains? It certainly appears that crime paid handsomely for Mr. Casstevens. The Krispy Kreme shareholders lost how many hundreds of millions of dollars and he gets to keep his fraudulently acquired booty? If these facts are correct, there can be no mitigating circumstances that justifies him regaining his license. What could that mitigating "exculpatory evidence" be; "my mean ole boss would have fired me if I did what my profession required?"

If you can find where he was not allowed to keep the fruits of his criminal activity, then I will consider revisiting my opinion of whether Mr. Casstevens should be allowed to have his license. Otherwise, there can be no justification for regaining his license. And under no circumstances should Wake ignore his criminal past and employ him at MSD.

 

[Dillon Fence]

As I understand it, he and his boss made millions off of their stock options because of his malfeasance. He then pays a $150,000 fine and loses his CPA license for a few years but gets to keep his ill-gotten-gains? It certainly appears that crime paid handsomely for Mr. Casstevens. The Krispy Kreme shareholders lost how many hundreds of millions of dollars and he gets to keep his fraudulently acquired booty? If these facts are correct, there can be no mitigating circumstances that justifies him regaining his license. What could that mitigating "exculpatory evidence" be; my boss would have fired me if I did what my profession required?

If you can find where he was not allowed to keep the fruits of his criminal activity, then I will consider revisiting my opinion of Mr. Casstevens. Otherwise, there can be no justification for regaining his license or employment at MSD.

if that were true he would have lost his license permanently. I'll stand by the CPA licensing board over "hearsay" and "understanding". And why exactly would Wake hire someone who were truly guilty? Please explain the motive for doing so.

 

[PhDeac]

I prefer my alma mater hire people who aren't even close to being guilty.

 

[thedeacfan]

As I understand it, he and his boss made millions off of their stock options because of his malfeasance. He then pays a $150,000 fine and loses his CPA license for a few years but gets to keep his ill-gotten-gains? It certainly appears that crime paid handsomely for Mr. Casstevens. The Krispy Kreme shareholders lost how many hundreds of millions of dollars and he gets to keep his fraudulently acquired booty? If these facts are correct, there can be no mitigating circumstances that justifies him regaining his license. What could that mitigating "exculpatory evidence" be; "my mean ole boss would have fired me if I did what my profession required?"

If you can find where he was not allowed to keep the fruits of his criminal activity, then I will consider revisiting my opinion of whether Mr. Casstevens should be allowed to have his license. Otherwise, there can be no justification for regaining his license. And under no circumstances should Wake ignore his criminal past and employ him at MSD.

if that were true he would have lost his license permanently. I'll stand by the CPA licensing board over "hearsay" and "understanding". And why exactly would Wake hire someone who were truly guilty? Please explain the motive for doing so.

So we agree, he should have lost his license permanently. As to the CPA licensing board, forgive me for believing what I see in print instead of trusting a "board" that may have included one or more of his friends. As to why Wake hired him; it certainly appears to be another of RW's crony hires.

 

[vtwhat etc]

exculpatory.

Hmmm, big word. Sounds like he's going to have to get more creative with his billboard response. A Venn Diagram and a couple word clouds should do the trick.

If he wants to get into numbers, he should probably go with a scatter-plot. It would be a nice subtle touch to promote viewers to 'connect the dots' on their own.

First things first, though. Dude needs a hashtag.

 

[Dillon Fence]

I prefer my alma mater hire people who aren't even close to being guilty.

maybe they did...they probably know more of the facts than the internet message board, no? or is your university too dumb to know?

 

[EagleDeac]

Not going to reward incompetence. No money for the school period.

 

[Dillon Fence]

So we agree, he should have lost his license permanently. As to the CPA licensing board, forgive me for believing what I see in print instead of trusting a "board" that may have included one or more of his friends. As to why Wake hired him; it certainly appears to be another of RW's crony hires.

yeah, the media is much more reliable than the licensing board whose sole intent is to preserve the reputation of the profession. who were his friends on the licensing board? and did casstevens and wellman play baseball together?

 

[PhDeac]

maybe they did...they probably know more of the facts than the internet message board, no? or is your university too dumb to know?

You don't need to play footsie with the facts for someone who isn't close to guilty. The SEC doesn't bother with folks who aren't close to guilty.

 

[thedeacfan]

You don't need to play footsie with the facts for someone who isn't close to guilty. The SEC doesn't bother with folks who aren't close to guilty.

They also do not fine you $150K and take your license unless you are guilty. It is not a question of his guilt. He did it. The question is whether he got off easy. Apparently the CPA's posting here don't think he did much wrong. So I guess it should not be surprising that the CPA "board" didn't come down on him too hard either. That kind of fraud must not be a big deal to the profession.

 

[vtwhat etc]

maybe they did...they probably know more of the facts than the internet message board, no? or is your university too dumb to know?

counter-point.

 

[Dillon Fence]

The SEC doesn't bother with folks who aren't close to guilty.

Surely you jest???? this is awesome. The SEC's middle name is "scapegoat". You think Mark Cuban and Martha Stewart among many others are truly felons???? Facts are irrelevant to the SEC. They want headlines, not real criminals.

 

[Dillon Fence]

counter-point.

can't argue with that, honestly. nice work.

 

[RChildress107]

Wake Will has nothing to do with athletics. It has everything to do with Wake Forest remaining an elite academic institution and maintaining the value of all our degrees. Give or don't give but it has nothing to do with Bz. Donating to the campaign will have nothing to do with the retention of the empty suit at the head of the bench.

Could have fooled me. I believe a tenth of the money is going to athletics and I went to the kickoff they had on the mag quad last semester and Wake's athletic history was featured quite prominently.

It's disingenuous to use the school's athletic success to raise money but then claim the school's current state of athletics shouldn't hamper fundraising.