State Farm Insurance is pulling its ads from Penn State football broadcasts, while General Motors is reconsidering its sponsorship deal and Wall Street is threatening to downgrade the school's credit rating, suggesting the price of the sexual abuse scandal could go well beyond the $60 million fine and other penalties imposed by the NCAA. State Farm said it had been reviewing its connection to Penn State since the arrest of retired assistant football coach Jerry Sandusky last November. The insurance company said it would pull ads from broadcasts of Nittany Lions home games but continue to advertise during Penn State's away contests."We will not directly support Penn State football this year," State Farm spokesman Dave Phillips said Tuesday. "We just feel it was the best decision."
Payback is a…
Date:
Fri, 2012-07-27
It's not about retribution. Those abused children will never get back their innocence. What is lost here is an opportunity to mend systems and programmes that have served an international community, in ways that will prevent such atrocities from happening in the future. The main protagonists in this drama have been punished: Sandusky faces the rest of his life in jail. Joe Paterno, the head coach of the storied football programme was fired and is now deceased. History has been changed. The NCAA wiped out 111 of coach Paterno's wins. He moves from 409 wins to 298, dropping him from first to 12th on the winningest NCAA football coach list. Penn State also will have six bowl wins and two conference championships erased. University president Graham Spanier has been fired as well.
