DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Texas A&M fires head coach Jimbo Fisher, and he walks away with a jaw-dropping $77 million.
Yes, for being fired.
It’s like winning the lottery, but with a termination letter.
It is baffling but it happens a lot in the world of sports.
Because of guaranteed contracts.
“In short, a guaranteed contract is a type of contract that ensures that a player will receive a specific amount of money, regardless of what happens. In other words, if the player gets cut or injured and cannot play, they will still receive the guaranteed money.”
Yep, it applies even to coaches.
Fisher’s colossal payout is just a drop in the ocean of college football’s lavish spendings.
These numbers are not just staggering; they’re borderline absurd.
It’s like paying someone a fortune not to work for you.
Not to mention the hundreds of millions to hire a new coach and team.
It raises the question: Why are American colleges splurging so much on sports, specifically coaches?
Because college football in America is worth billions.
“Division I athletics, including college football, generated a staggering $15.8 billion in revenues in 2019”.
That is in 2019, and yes we are talking about 18–23 year olds in pads playing with a ball on a field.
Now look at the NFL.
“The combined value of all 32 NFL teams is currently $142.87 billion, which is the simplest and best estimation anyone can offer for the total net worth of the NFL.”
Every player you see in the NFL is a millionaire at minimum.
This phenomenon isn’t just about sports; it’s about priorities and a curious valuation of talent.
Shouldn’t these colleges spend their money on the students, research, faculties, school infrastructures instead of sports and entertainment?
In the hallowed halls of academia, where funding for education and research often faces scrutiny and cutbacks, the contrast is stark.
Take Louisiana State University, for instance, struggling to fund a much-needed library renovation while effortlessly raising millions for sports programs.
It’s like choosing to buy a Ferrari when you can’t afford to fix the leaking roof of your house.
The rationale behind these lucrative contracts and buyouts seems to be rooted in a deep-seated cultural obsession with college sports.
It’s a world where success on the field often overshadows academic achievements.
We’re talking about educational institutions where, supposedly, academics should take precedence.
But money talks, and college football brings in the dough.
People pay to come for the matches, for the merchandise, for the broadcasting rights.
It is a colossal and lucrative ecosystem.
These buyouts are often funded by private donors, indicating a societal value system where entertainment trumps education.
It’s like society collectively decided that a winning touchdown is more thrilling than another student graduating.
And then there’s the issue of accountability.
If a coach can underperform, fail spectacularly, and still walk away with millions, where’s the incentive to excel?
It’s like rewarding mediocrity with a golden parachute.
The message it sends is troubling, to say the least.
Perhaps it’s a call for a reevaluation of our values, especially in the realm of higher education.
It’s about balancing the thrill of sports with the core mission of universities — education and research.
Is this just a reflection of a broader societal trend where entertainment and spectacle trump the fundamental pillars of education and development?
It just scares me how much colleges are willing to spend on sports, coaches, players and winning.
It is a lifestyle, a way of life and you really don’t change all that easily.
-
Do you watch college football?
-
#JimboFisher #CollegeFootball #SportsEconomics #EducationVsEntertainment #UniversityPriorities #CoachingBuyouts #AmericanCollegeSports #AthleticSpending #AcademicFunding #CulturalValues #SportsCulture #EducationalContrasts #FinancialPriorities #SportsAndEducation #HigherEducationCrisis
Texas A&M fires head coach Jimbo Fisher, and he walks away with a jaw-dropping $77 million.
Yes, for being fired.
It’s like winning the lottery, but with a termination letter.
It is baffling but it happens a lot in the world of sports.
Because of guaranteed contracts.
“In short, a guaranteed contract is a type of contract that ensures that a player will receive a specific amount of money, regardless of what happens. In other words, if the player gets cut or injured and cannot play, they will still receive the guaranteed money.”
Yep, it applies even to coaches.
Fisher’s colossal payout is just a drop in the ocean of college football’s lavish spendings.
These numbers are not just staggering; they’re borderline absurd.
It’s like paying someone a fortune not to work for you.
Not to mention the hundreds of millions to hire a new coach and team.
It raises the question: Why are American colleges splurging so much on sports, specifically coaches?
Because college football in America is worth billions.
“Division I athletics, including college football, generated a staggering $15.8 billion in revenues in 2019”.
That is in 2019, and yes we are talking about 18–23 year olds in pads playing with a ball on a field.
Now look at the NFL.
“The combined value of all 32 NFL teams is currently $142.87 billion, which is the simplest and best estimation anyone can offer for the total net worth of the NFL.”
Every player you see in the NFL is a millionaire at minimum.
This phenomenon isn’t just about sports; it’s about priorities and a curious valuation of talent.
Shouldn’t these colleges spend their money on the students, research, faculties, school infrastructures instead of sports and entertainment?
In the hallowed halls of academia, where funding for education and research often faces scrutiny and cutbacks, the contrast is stark.
Take Louisiana State University, for instance, struggling to fund a much-needed library renovation while effortlessly raising millions for sports programs.
It’s like choosing to buy a Ferrari when you can’t afford to fix the leaking roof of your house.
The rationale behind these lucrative contracts and buyouts seems to be rooted in a deep-seated cultural obsession with college sports.
It’s a world where success on the field often overshadows academic achievements.
We’re talking about educational institutions where, supposedly, academics should take precedence.
But money talks, and college football brings in the dough.
People pay to come for the matches, for the merchandise, for the broadcasting rights.
It is a colossal and lucrative ecosystem.
These buyouts are often funded by private donors, indicating a societal value system where entertainment trumps education.
It’s like society collectively decided that a winning touchdown is more thrilling than another student graduating.
And then there’s the issue of accountability.
If a coach can underperform, fail spectacularly, and still walk away with millions, where’s the incentive to excel?
It’s like rewarding mediocrity with a golden parachute.
The message it sends is troubling, to say the least.
Perhaps it’s a call for a reevaluation of our values, especially in the realm of higher education.
It’s about balancing the thrill of sports with the core mission of universities — education and research.
Is this just a reflection of a broader societal trend where entertainment and spectacle trump the fundamental pillars of education and development?
It just scares me how much colleges are willing to spend on sports, coaches, players and winning.
It is a lifestyle, a way of life and you really don’t change all that easily.
-
Do you watch college football?
-
#JimboFisher #CollegeFootball #SportsEconomics #EducationVsEntertainment #UniversityPriorities #CoachingBuyouts #AmericanCollegeSports #AthleticSpending #AcademicFunding #CulturalValues #SportsCulture #EducationalContrasts #FinancialPriorities #SportsAndEducation #HigherEducationCrisis
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