Here's another case of 'privatizing' for personal profit.

[sinkingfeeling]

http://thelantern.com/2015/03/cfo-geoff-chatas-to-leave-ohio-state/

Senior vice president and chief financial officer Geoff Chatas will be leaving Ohio State later this year to pursue another job opportunity at the investment firm that financed the privatization of OSU’s parking facilities, the university announced Wednesday.

In 2012, under Chatas’ leadership, OSU entered into a 50-year, $483 million partnership with QIC, which leased the university’s parking assets to the company.

Chatas has served as OSU’s CFO for five years — he has received praise from Ohio Gov. John Kasich for his efforts to lower operating costs at the university by entering into private contracts with companies like Nike, Coca-Cola, J. America, Huntington, Lids Sports Group and QIC.

In February, Chatas was appointed by Kasich to serve as chairman of the Ohio Task Force on Affordability and Efficiency in Higher Education, a group made up of nine members who have been asked to examine ways for Ohio’s public colleges and universities to hold down costs.

[blkmusclmachine]

1. Ka ching!

[abelenkpe]

2. K&R

[clarice]

3. And why is this so wrong ????? nt

[sinkingfeeling]

4. Oh, I don't know. Maybe it's disgusting to work out a deal to take state

owned (taxpayer) property and turn it over to a company to make a profit. Then getting a pat on the back from a RW governor and the go-ahead to do it to other state institutions. But seeing how the corporation that made the profit is offering you even more money, taking that job as a reward for taking the public and making it private.