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re: OLOL’s LSU donation seems shady

Posted on 2/12/22 at 5:10 pm to
Posted by jimmy the leg
Member since Aug 2007
34467 posts
Posted on 2/12/22 at 5:10 pm to
quote:

How does LOL have $245 mil to just give away and why.


quote:

They got paid for killing people with Covid.



Posted by StrangerInTheAlps
Member since Sep 2019
11 posts
Posted on 2/12/22 at 6:59 pm to
They drove away enough staff to have to request (‘free’) Federal relief workers while still collecting the windfall from COVID payments. Pretty savvy way to game the system but peculiar why a chunk of the cash then goes to an outside entity.
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3158 posts
Posted on 2/12/22 at 7:19 pm to
quote:

Shady? Come on. There was a public 9 page RFI issued by LSU, the Foundation, Athletics, and TAF together. 1. There was a competitive process. A Request for Information was issued in November. Proposals were due in December: RFI Summary ** No clue what "hydrocodonehelp" is but it's a site that just pulled the Business Report content which is now behind paywall. 2. The RFI covered R&D, athletics, sports medicine, athletics, student health, the new Science Building, and strategic partnerships for the LSU System to pursue National Cancer Institute designation. There was an extensive full proposal and review process. Read the press release. It has a lot more detail including specific breakdowns on distributions into the programs requested in RFI: LSU, OLOL, LCMC Press Release LCMC is NCI designation partner. Looks like OLOL is everything else. NCI designation is among highest LSU strategic priorities.


You can wrap this in whatever white-collar bullshite you want, it’s still shady as frick.
Posted by pbro62
Baton Rouge
Member since May 2016
11467 posts
Posted on 2/12/22 at 7:21 pm to
You dumb fricks have no clue. Legit and now ochsner will match or exceed during push to raise money.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 2/12/22 at 8:59 pm to
quote:

You can wrap this in whatever white-collar bullshite you want, it’s still shady as frick.


It would probably take a hundred of the world’s best lawyers to figure out how this is going to work, but you can bet your last dollar that OLOL will benefit financially over the long term to a greater degree than what they are giving away.
Posted by biohzrd
Central City
Member since Jan 2010
5613 posts
Posted on 2/12/22 at 9:03 pm to
Just the new NIL deal to buy players.. OLOL has a proven history in that area.( aka the Alexander scholarship).
Posted by ellishughtiger
70118
Member since Jul 2004
21135 posts
Posted on 2/12/22 at 9:07 pm to
The “Damn strong offer” came from OLOL
Posted by Triggerr
Member since Jul 2013
1897 posts
Posted on 2/12/22 at 10:16 pm to
Just bringing the things funes was doing in the shadows into the light and trying to make it legal. It’s a complete sham deal, like most olol things.
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 2/12/22 at 11:04 pm to
It's amazing that athletics was even mentioned in the donation. Could make it less obvious.
Posted by Big EZ Tiger
Member since Jul 2010
24285 posts
Posted on 2/12/22 at 11:26 pm to
If the donation was this gigantic, imagine how much other extra cash they have hanging around that affords them to make such a huge donation. Unnecessary aid or shady money is flowing over there like beer at an LSU football tailgate.
Posted by TJG210
New Orleans
Member since Aug 2006
28366 posts
Posted on 2/13/22 at 1:15 am to
“Not for profit” hospitals and the like are absolutely ruining healthcare. They grow into these monstrosities by snapping up as many private practices/specialities as they can, roll them underneath a single umbrella and watch the money roll in as the service gets shittier and shittier. My toddler had an eye issue this fall and needed to see a pediatric opthmalogist, actually speaking with someone in the opthmalogists office to relay the urgency was near impossible. I had to deal with some dum dum on the main switchboard who didn’t know their arse from a hole in the ground.

This instance is probably one of the smaller issues these medical conglomerates cause.
Posted by SlickRickerz
Member since Oct 2018
2290 posts
Posted on 2/13/22 at 2:39 am to
To think that company now sponsors LSU athletics and UL Lafayette athletics. Why is a hospital fruit for college athletics?
Posted by geauxfish24
Member since Feb 2008
2143 posts
Posted on 2/13/22 at 7:18 am to
quote:

How does LOL have $245 mil to just give away and why. I just can't figure this one out. Shouldn't they use this money to upgrade to new precision technology.


Because they have been fricking the community dry for however long they have been in business. I don’t care if I am bleeding out, I will never go to OLOL for anything again.

Doctors who don’t speak English and who are rude as hell, nurses who won’t take time to answer any question you might have and a swarmy little fricker as CEO makes it a recipe for disaster.
Posted by member12
Bob's Country Bunker
Member since May 2008
32123 posts
Posted on 2/13/22 at 7:23 am to
quote:

You can wrap this in whatever white-collar bullshite you want, it’s still shady as frick.



Just because you don’t understand it doesn’t mean it’s shady.
Posted by In The Know
City of St George, La
Member since Jan 2005
5292 posts
Posted on 2/13/22 at 7:23 am to
Sounds like you’re mad. Who gives a frick how they can do it? It benefits LSU, that’s enough for me.
Posted by member12
Bob's Country Bunker
Member since May 2008
32123 posts
Posted on 2/13/22 at 7:26 am to
quote:


“Not for profit” hospitals and the like are absolutely ruining healthcare. They grow into these monstrosities by snapping up as many private practices/specialities as they can


Consolidation is a nationwide trend. If it wasn’t OLOL it would be Oschner or BRG or some other group. But it’s going to happen one way or another.

The nonprofits don’t return revenue to shareholders. They can only reinvest it into their operations or donate it.
This post was edited on 2/13/22 at 7:27 am
Posted by BayouLSU
down south
Member since Feb 2007
471 posts
Posted on 2/13/22 at 7:30 am to
Congrats, you win the award for stupidest motherfricker of the day.
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56443 posts
Posted on 2/13/22 at 7:35 am to
Nothing seem shady.

OLOL with LSU Med trains 100’s of doctors a year. They are a teaching hospital.

Why would they not support lsu?

LSU had a problem of paying for a coach to go away and paying for a new one to come with football ticket prices maxed out already.

So they decided to pit all the athletic sponsorship supporters against similar institutions for a 10 year exclusive agreement.

The Lake had to go against Ochners and whomever and I’d rather have the local guys that already work here with lsu.

This is a good start to making Baton Rouge a stronger medical-academic destination in a city that needs positive growth.
This post was edited on 2/15/22 at 8:01 pm
Posted by tigerinthebueche
Member since Oct 2010
36791 posts
Posted on 2/13/22 at 7:41 am to
quote:

They got paid for killing people with Covid.


Exactly. Those ventilators were huge profit centers.
Posted by Gray Tiger
Prairieville, LA
Member since Jan 2004
36512 posts
Posted on 2/13/22 at 7:50 am to
quote:

You can wrap this in whatever white-collar bullshite you want.



"White collar bullshite" aka stuff they didn't teach me in my GED classes.
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