Tuesday, June 11

CDT LTE: Keith Eckel - Hypocrite

Letter to the editor | Not so positive

Published: June 11, 2013 

I found Penn State trustee Keith Eckel’s June 4 column (“Critics overlooking positive steps taken by PSU”) to be quite hypocritical.
Eckel touted all of the reforms to enhance openness and transparency made in the aftermath of the Sandusky scandal. Interestingly, if you read Eckel’s biography on the board’s website, you are led to believe he is a farmer elected to the board of trustees by agricultural constituents.
However, his bio from Bloomberg Business Week tells a different story.
Eckel is the chairman and director of Nationwide Mutual Insurance. He is also the former chairman of the Gartmore Global Asset Management Trust and Allied Group Inc. He’s not some simple farmer.
It also should come as no surprise that one of the Freeh report recommendations that has yet to be implemented by the trustees is to make statements of financial disclosures.
To borrow a phrase or two from Louis Freeh, “it is reasonable to conclude” the board and Eckel have delayed making financial disclosures to “avoid the consequences of bad publicity” for their companies.
Eckel, as the chairman of the Legal and Compliance Committee, makes this situation truly a case of the fox guarding the henhouse.
Eckel and his cohorts have refused to do the one thing that puts teeth in the ethical management of any organization: disclosing their financial interests and divesting themselves of any and all concerns that could result in even the perception of a conflict of interest.

Read more here: http://www.centredaily.com/2013/06/11/3648399/letter-to-the-editor-not-so-positive.html#storylink=cpy

Read more here: http://www.centredaily.com/2013/06/11/3648399/letter-to-the-editor-not-so-positive.html#storylink=cpy


  1. Hypocrisy continues!!! Linda Kelly is a featured speaker at this conference... going on now. I hope the audience challenges her on the outright false statements in her GJ presentment.


  2. The Zieg strikes again, unwittingly this time! The spirits of Right and Wrong managed to get him to the right place at the right time. And true to the notion of chance favoring the prepared mind, John hit it out of the proverbial park!


    I hope someone is working on the notpsu screenplay... starring Matt Damon as Blehar, Gerard Butler as Ziegler, and Denzel Washington as the evil Frazier!!

  3. I keep reading but it seems to be getting worse and worse. Are any of these BOT going to own up to the mistakes they have made? Or are they going to continue to look like fools?