MUScoop
MUScoop => Hangin' at the Al => Topic started by: Sir Lawrence on August 21, 2007, 12:07:06 PM
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An announcement from the Dean of the law school:
Marquette lawyer Joseph J. Zilber, of our Class of 1941, today announced a gift of $30 million, including $5 million towards the new building and $25 million to be associated with law student scholarships. This extraordinary generosity to the Law School and the community is a terrific reflection of both Joe's personal success and his desire to help others. I am very grateful to Joe for his confidence in us.
Since June a number of other alumni as well have rolled up their sleeves to help me move our law school project towards a reality. This includes two new (anonymous) pledges from alums of one million dollars each. There is still much work for us to raise the $20 million to complete the building project, but I am cautiously optimistic that we will raise in cash and pledges the $12 million of this that are needed by December 31, 2007 for us to break ground in March.
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interesting, why wouldn't he just allocate enought to take care of the remaining money needed for the new building and the remaining few million for scholarships?
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wow $25 million in scholarships is amazing. $5 million for the building is still a huge contribution...it sounds like they can raise this money pretty quickly. my sister is looking into law schools right now and if MU keeps this up i can see them in her top 2.
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interesting, why wouldn't he just allocate enought to take care of the remaining money needed for the new building and the remaining few million for scholarships?
because the $5million for the bldg has to be committed now, whereas the rest (scholarships) can be paid as used over any length designated by donor..., or could be set up as an endowment to be used until reaches the gifted amount, then revert to donor.
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This is great news for Marquette. The generosity of these donors is greatly appreciated. My son, too, will be looking at law schools in a few years - this couldn't have come at a better time.
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It's absolutely amazing to me what is happening with "significant" donations to Marquette over the last few years. Here's some fairly recent donations:
May 2004 - $18 Million for research inititives
May 2005 - $28 Million to College of Communications
December 2006 - $25 Million to College of Engineering
January 2007 - $5 Million to College of Engineering
May 2007 - $51 Million to Law School
June 2007 - $1 Million to Athletic Department
August 2007 - $30 Million to Law School
It's great to see Marquette receiving this type of donations, and I hope they continue. These will go a long way in helping Marquette to climb the US News rankings (a topic of another thread). As the endowment grows, the University should prosper.
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interesting, why wouldn't he just allocate enought to take care of the remaining money needed for the new building and the remaining few million for scholarships?
Put the pressure n the alums to ante up, thats why. Quite frankly, the University needs the financial aid money just as badly.
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I don't want to bring up a sour subject here... because obviously this is a tremendous gift and great news for the university.
But, is anybody going to rip this guy for demanding that MU make an official announcement so he can do more self promotion? ::)
I mean, obviously the dollar amounts are different... but why did a lot of people accuse Crean of being an egotistical maniac when MU made the previous announcement about his donation, but not even a peep is made when this announcement occurs?
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big article about the donation from the urinal
http://www.jsonline.com/story/index.aspx?id=650473
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I don't want to bring up a sour subject here... because obviously this is a tremendous gift and great news for the university.
But, is anybody going to rip this guy for demanding that MU make an official announcement so he can do more self promotion? ::)
I mean, obviously the dollar amounts are different... but why did a lot of people accuse Crean of being an egotistical maniac when MU made the previous announcement about his donation, but not even a peep is made when this announcement occurs?
I think the difference between the two situations is that MU made a release that there was going to be a huge announcement the following day and everyone knew the time of the presser and everything well in advance so there was a great deal of anticipation leading to it. However, in these cases, the first I had heard of anything at all was at the actual announcement, not the days leading up to it. Either way, I was never one that whined about the manner in which MU handled TC's donation, but I think there is probably a difference in the way MU handled to pre-announcement stuff.
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I don't want to bring up a sour subject here... because obviously this is a tremendous gift and great news for the university.
But, is anybody going to rip this guy for demanding that MU make an official announcement so he can do more self promotion? ::)
I mean, obviously the dollar amounts are different... but why did a lot of people accuse Crean of being an egotistical maniac when MU made the previous announcement about his donation, but not even a peep is made when this announcement occurs?
I think the difference between the two situations is that MU made a release that there was going to be a huge announcement the following day and everyone knew the time of the presser and everything well in advance so there was a great deal of anticipation leading to it. However, in these cases, the first I had heard of anything at all was at the actual announcement, not the days leading up to it. Either way, I was never one that whined about the manner in which MU handled TC's donation, but I think there is probably a difference in the way MU handled to pre-announcement stuff.
You are close. But the actual reason a few posters got upset when crean made the donation was because he had run over their dogs in his shiny new gold plated hummer. That is the only logical explanation for their vehement anger towards him in everything he does.
And the reason it was handled differently was because the school decided that they would be able to get other alums donating by making the fact that crean was doing it such an big announcement. It was a smart marketing move.
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I don't want to bring up a sour subject here... because obviously this is a tremendous gift and great news for the university.
But, is anybody going to rip this guy for demanding that MU make an official announcement so he can do more self promotion? ::)
I mean, obviously the dollar amounts are different... but why did a lot of people accuse Crean of being an egotistical maniac when MU made the previous announcement about his donation, but not even a peep is made when this announcement occurs?
I think the difference between the two situations is that MU made a release that there was going to be a huge announcement the following day and everyone knew the time of the presser and everything well in advance so there was a great deal of anticipation leading to it. However, in these cases, the first I had heard of anything at all was at the actual announcement, not the days leading up to it. Either way, I was never one that whined about the manner in which MU handled TC's donation, but I think there is probably a difference in the way MU handled to pre-announcement stuff.
You are close. But the actual reason a few posters got upset when crean made the donation was because he had run over their dogs in his shiny new gold plated hummer. That is the only logical explanation for their vehement anger towards him in everything he does.
And the reason it was handled differently was because the school decided that they would be able to get other alums donating by making the fact that crean was doing it such an big announcement. It was a smart marketing move.
I agree with you completely. I think it was more of a marketing move for the university than a self-promotion move for our head coach.
I guess some people just don't like Coach Crean (for whatever reason) and they are always going to look for an angle to say something negative about him. I don't think Crean is perfect, but I also don't think he is the villain that some people like to make him out to be.
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ACAT
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ACAT
All-FAT (AllForeverAlltheTime) ;D
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ACAT
I guess this answers my question.
You don't like Crean, so given the slightest window, you're going to take your shots.
Fair enough.
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ACAT
What does ACAT mean?
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Denying that it was silly to call a "major" press conference for a $100,000 donation is ridiculous. It was a nice donation. Very, very generous. And it should have been announced in a press release.
This kind of stuff happens all the time around here. People point out instances of Crean acting like an egotistical ass and a dozen people blindly leap to his defense with claims such as the press conference "wasn't his idea" or that it was meant to "call attention to the soccer stadium" or it was a "marketing move."
Keep believing that.
ACAT means, "All Crean, all the time."
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Denying that it was silly to call a "major" press conference for a $100,000 donation is ridiculous. It was a nice donation. Very, very generous. And it should have been announced in a press release.
This kind of stuff happens all the time around here. People point out instances of Crean acting like an egotistical ass and a dozen people blindly leap to his defense with claims such as the press conference "wasn't his idea" or that it was meant to "call attention to the soccer stadium" or it was a "marketing move."
Keep believing that.
ACAT means, "All Crean, all the time."
I have no "proof" that Crean didn't call the press conference.
BUT, I am in marketing for my profession, and the press conference looks to me like a marketing move to help draw attention to the soccer stadium. I'm not sure why that is so hard for people to believe. When Crean talks, people listen. MU is using one of its best promotional tools to help bring attention to the soccer stadium.
It's very similar to how MU uses Crean as the lead spokesman for Al's run. He does the radio and television spots, and he's all over at the event. Again, MU is using it's lead spokesman (the head coach) to help promote other events.
That makes sense, right? Believable, right? Plausible, right?
That's my reason for believing that Crean DID NOT call the press conference for self promotion.
HERE IS THE QUESTION FOR YOU:
What "proof" do you have that he actually was the one who wanted the press conference?
I mean, I know you think the guy is a cocky bastard, you've made that clear. But, I'm not sure you saying he's cocky is good enough rational for me to believe the MU let's him call his own pressers just to draw attention to himself.
What's your rational?
You think he's a jerk, so you think MU lets him do whatever he wants?
You think he's arrogant, so he must be donating money so he can have people pay attention to him?
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Isn't the point to draw attention to the fund-raising campaign? Now as of today, the 23rd of August, I can clearly tell you how much Tom Crean donated to the campaign but 3 days later or whatever it was I can't tell you the name of the guy who donated $30 million or even the name of the couple that donated $51 million a month or two ago. I hate to say it but even if they had a press conference on national television for the other donors I still wouldn't remember their names or the reasons they donated so why not utilize TC's fame to bring attention to the campaign? I may not be a marketing guru but that seems pretty smart whether TC initiated the Press conference or not.
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Isn't the point to draw attention to the fund-raising campaign? Now as of today, the 23rd of August, I can clearly tell you how much Tom Crean donated to the campaign but 3 days later or whatever it was I can't tell you the name of the guy who donated $30 million or even the name of the couple that donated $51 million a month or two ago. I hate to say it but even if they had a press conference on national television for the other donors I still wouldn't remember their names or the reasons they donated so why not utilize TC's fame to bring attention to the campaign? I may not be a marketing guru but that seems pretty smart whether TC initiated the Press conference or not.
Bingo.
It's not that complex. That's why I don't understand why people don't see it for what it is.
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There's no question but that he's arrogant..., BUT, I want some arrogance in my coach. If he doesn't have that swagger, that arrogance, how does he convince recruits that he's the best coach for them? It's different than being a jerk, which is a possibility, but I don't know him personally. As to his donation, I doubt that the 100k even covers his tax liability on the salary MU gives him. It is a greater event when an average income couple donates 1k to MU- takes more sacrifice, costs them more dearly, requires more commitment.
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There's no question but that he's arrogant..., BUT, I want some arrogance in my coach. If he doesn't have that swagger, that arrogance, how does he convince recruits that he's the best coach for them? It's different than being a jerk, which is a possibility, but I don't know him personally. As to his donation, I doubt that the 100k even covers his tax liability on the salary MU gives him. It is a greater event when an average income couple donates 1k to MU- takes more sacrifice, costs them more dearly, requires more commitment.
Actually.... my calculations (which might be wrong - feel free to correct where appropriate) show that you are quite wrong..
Crean was reported by Cracked Sidewalks to make $1,547,044 as of May this year. That puts him in the 35% tax bracket assuming he files as head of household (which means he pays $98,355.50 base and then 35% of income over $349,700 - or a total of $517,425.90) leaving him with about $1,029,618 after tax. His donation of $100,000 is therefore 9.7123% of his post tax income. The $100,000 is also less than 1/5th of his tax liability (write-offs excluded of course).
According to wikipedia men in milwaukee make a median income of $32,244; women in milwaukee make a median income of $26,013 - for a total median income for couples of $58,257. This puts them in the 25% tax bracket assuming they file as head of household (which means they pay $5,837.50 base and then 25% of income over $42,650 - or a total of $9,739.25) leaving them with about $$48,517.75 after tax. For them to contribute the same percentage that Tom Crean did, they would have to donate $4,712.21.
If you're making double the milwaukee median income ($116,514) you'd have to donate nearly $9,000 to match his post-tax contribution percentage.
Now.. I know there are lots of "yeah buts" here.. and I know this will be lost on some who see $1,547,044 for what it is - a LOT of money. I have a "yeah but" of my own.. how many people do you think are donating nearly 10% or more of there post-tax income. Guessing from posts that have said 95% of the donations have come from 5% or less of the donors I would say not very many. Put up or shut up time - no shame in either route - but you have to take one or the other or both.
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There's no question but that he's arrogant..., BUT, I want some arrogance in my coach. If he doesn't have that swagger, that arrogance, how does he convince recruits that he's the best coach for them? It's different than being a jerk, which is a possibility, but I don't know him personally. As to his donation, I doubt that the 100k even covers his tax liability on the salary MU gives him. It is a greater event when an average income couple donates 1k to MU- takes more sacrifice, costs them more dearly, requires more commitment.
Actually.... my calculations (which might be wrong - feel free to correct where appropriate) show that you are quite wrong..
Crean was reported by Cracked Sidewalks to make $1,547,044 as of May this year. That puts him in the 35% tax bracket assuming he files as head of household (which means he pays $98,355.50 base and then 35% of income over $349,700 - or a total of $517,425.90) leaving him with about $1,029,618 after tax. His donation of $100,000 is therefore 9.7123% of his post tax income. The $100,000 is also less than 1/5th of his tax liability (write-offs excluded of course).
According to wikipedia men in milwaukee make a median income of $32,244; women in milwaukee make a median income of $26,013 - for a total median income for couples of $58,257. This puts them in the 25% tax bracket assuming they file as head of household (which means they pay $5,837.50 base and then 25% of income over $42,650 - or a total of $9,739.25) leaving them with about $$48,517.75 after tax. For them to contribute the same percentage that Tom Crean did, they would have to donate $4,712.21.
If you're making double the milwaukee median income ($116,514) you'd have to donate nearly $9,000 to match his post-tax contribution percentage.
Now.. I know there are lots of "yeah buts" here.. and I know this will be lost on some who see $1,547,044 for what it is - a LOT of money. I have a "yeah but" of my own.. how many people do you think are donating nearly 10% or more of there post-tax income. Guessing from posts that have said 95% of the donations have come from 5% or less of the donors I would say not very many. Put up or shut up time - no shame in either route - but you have to take one or the other or both.
You forgot Wiscosnins 7% income tax.
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You forgot Wiscosnins 7% income tax.
Since it applies equally to all Wisconson'ites (or is it tiered like federal income tax?), it has no effect on the required amount to donate to equal Crean's percentage. And yes, I double checked by rerunning the calculations.
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We're assuming this is $100,000 in 2007. Typically a gift like this is spread over 5 years. But that may not be the case here, but typically it is.
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Milwaukee's median income is $116K? Really?
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Milwaukee's median income is $116K? Really?
Re-read his post - he says 116k is (approximately) double the median...
However I think that number is way off too...
The median income for a house-hold in the city is $32,216, and the median income for a family is $37,879. Males have a median income of $32,244 versus $26,013 for females. The per capita income for the city is $16,181. 21.3% of the population and 17.4% of families are below the poverty line.
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Denying that it was silly to call a "major" press conference for a $100,000 donation is ridiculous. It was a nice donation. Very, very generous. And it should have been announced in a press release.
This kind of stuff happens all the time around here. People point out instances of Crean acting like an egotistical ass and a dozen people blindly leap to his defense with claims such as the press conference "wasn't his idea" or that it was meant to "call attention to the soccer stadium" or it was a "marketing move."
Keep believing that.
ACAT means, "All Crean, all the time."
As far as i'm concerned you didn't point out an instance of him being an "egotistical ass." You just saw a smart marketing move through your poop-shaded anti-crean aviator sun glasses and started claiming it was an instance of such.
You are the conspiracy theorist jumping on him more so than anyone one is jumping to defend him. As a matter of fact no one is defending him. They are all just saying, "yeah he's egotistical but why are you blaming him for this?" Not that you can respond to that question because it would involve you arguing with logic rather than just stomping your feet screaming "I hate him and you won't change my mind!"
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TC and his wife probably talked about the announcement they were about to make, knowing beforehand that there would be some who'd use that angle to criticize, and more than likely just chose to do a good, noble thing anyway. I'm sure they knew that making their support public was as valuable to the project as the donation, and obviously that was the whole point.
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$32K sounds about right. For a second there I thought all the crappers in Milwaukee were plated with gold.
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$32K sounds about right. For a second there I thought all the crappers in Milwaukee were plated with gold.
not sure about the crappers but the tappers are! 8)
(http://www.thirdwayblog.com/wp-content/uploads/2006/07/miller%20lite%201.jpg)
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Milwaukee's median income is $116K? Really?
Re-read his post - he says 116k is (approximately) double the median...
However I think that number is way off too...
The median income for a house-hold in the city is $32,216, and the median income for a family is $37,879. Males have a median income of $32,244 versus $26,013 for females. The per capita income for the city is $16,181. 21.3% of the population and 17.4% of families are below the poverty line.
correct on 116k being double the median
the median number I figured was for a couple (per the original poster).. median male + median female = $58,257.
Now I COULD go and use the median family income for marquette grads.. I am SURE that number is significantly higher than $58k. Further, how many of those graduates give 10% of their post-tax salary to their place of work? This is not even the place he went to school.
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Doesn't it say median income for household is $32616? I don't think you add the two numbers together.
Many households only one parent works or the other works part-time. Thus the true median income is $32616, not the combo number.
At least that's the way I read it.
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Doesn't it say median income for household is $32616? I don't think you add the two numbers together.
Many households only one parent works or the other works part-time. Thus the true median income is $32616, not the combo number.
At least that's the way I read it.
yes.. the original post said median income for a couple - so I said two-earner couple. It doesn't even say a milwaukee couple.. I chose that because it is less than, say, a chicago couple and still makes the point. like i said, there are "yeah buts" all over the place (in both directions) but the point holds.. it's ridiculous to say that the amount donated isn't as significant to crean as $1000 is to an average income couple.
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Denying that it was silly to call a "major" press conference for a $100,000 donation is ridiculous. It was a nice donation. Very, very generous. And it should have been announced in a press release.
This kind of stuff happens all the time around here. People point out instances of Crean acting like an egotistical ass and a dozen people blindly leap to his defense with claims such as the press conference "wasn't his idea" or that it was meant to "call attention to the soccer stadium" or it was a "marketing move."
Keep believing that.
ACAT means, "All Crean, all the time."
You have been a Coach Crean detractor for years! Try another school and coach; you are definitely not a Marquette fan or supporter.
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Denying that it was silly to call a "major" press conference for a $100,000 donation is ridiculous. It was a nice donation. Very, very generous. And it should have been announced in a press release.
This kind of stuff happens all the time around here. People point out instances of Crean acting like an egotistical ass and a dozen people blindly leap to his defense with claims such as the press conference "wasn't his idea" or that it was meant to "call attention to the soccer stadium" or it was a "marketing move."
Keep believing that.
ACAT means, "All Crean, all the time."
I have no "proof" that Crean didn't call the press conference.
BUT, I am in marketing for my profession, and the press conference looks to me like a marketing move to help draw attention to the soccer stadium. I'm not sure why that is so hard for people to believe. When Crean talks, people listen. MU is using one of its best promotional tools to help bring attention to the soccer stadium.
It's very similar to how MU uses Crean as the lead spokesman for Al's run. He does the radio and television spots, and he's all over at the event. Again, MU is using it's lead spokesman (the head coach) to help promote other events.
That makes sense, right? Believable, right? Plausible, right?
That's my reason for believing that Crean DID NOT call the press conference for self promotion.
HERE IS THE QUESTION FOR YOU:
What "proof" do you have that he actually was the one who wanted the press conference?
I mean, I know you think the guy is a cocky bastard, you've made that clear. But, I'm not sure you saying he's cocky is good enough rational for me to believe the MU let's him call his own pressers just to draw attention to himself.
What's your rational?
You think he's a jerk, so you think MU lets him do whatever he wants?
You think he's arrogant, so he must be donating money so he can have people pay attention to him?
PRN,
I'm still awaiting a response from you.
What rationale do you have for saying that Crean forced MU to call the presser so he could do some self promotion?
Again, I know you think he is arrogant (maybe he is), but I don't think that is proof that he made the donation so he could get more face time with the media.
Please re-read my rationale above regarding using the head coach for marketing purposes and let me know how/why you disagree.
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What rationale do you have for saying that Crean forced MU to call the presser so he could do some self promotion?
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Huh? Where do you see that I said the "Crean forced MU to call the presser?"
Although I wouldn't be surprised if the press conference was his idea, I am suggesting that Crean came forward with the donation, MU suggested a press conference, and Crean agreed. Rawdog's claim that it was a "smart marketing move" is ridiculous when you consider the reaction on not only this board, but on the heavily moderated other MU board.
It was a tacky, self-serving press conference. Period. PR gaffes are something MU has become painfully familiar with.
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What rationale do you have for saying that Crean forced MU to call the presser so he could do some self promotion?
Huh? Where do you see that I said the "Crean forced MU to call the presser?"
Although I wouldn't be surprised if the press conference was his idea, I am suggesting that Crean came forward with the donation, MU suggested a press conference, and Crean agreed. Rawdog's claim that it was a "smart marketing move" is ridiculous when you consider the reaction on not only this board, but on the heavily moderated other MU board.
It was a tacky, self-serving press conference. Period. PR gaffes are something MU has become painfully familiar with.
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Wait, let me get this straight.
You are mad at Coach Crean for making a generous donation and agreeing to his EMPLOYER'S request to have a press conference to announce it?
I mean, I know in your mind the coach should have said "no"... but I'm not sure I want my basketball coach telling MU what he will and won't do. "No thanks Fr. Wild, I don't want to be at this press conference."
Also, how can you not see that this was marketing? This is almost the exact same thing as Al's run. They are using Crean to promote a cause. In this case it was donations to the soccer stadium.
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Congratulations. This thread convinced me to finally sign up for a username. I usually just come here to read news on MU basketball.
Anyways, I decided to post because the logic of this thread shows a common fallacy in comparing the rich and middle class: mainly that every incremental dollar has the same value to a person. I'll illustrate with some made up numbers.
Let's give every family a basic standard of living that costs $25000 a year. If after taxes a family earns $40000, that leaves them with $15000 in disposable income. If they donate $1000 to MU that's 6.7% of disposable income. The donation might mean they sacrifice a family vacation that year, or if they make that donation every year they might have to work an extra year before they can retire.
Now let's calculate for someone clearing $1000000 a year: $1000000 - $25000 = $975000 disposable income
$100000 donation / $975000 = 10.3% of disposable income. This donation might mean the new yacht is 1 ft. shorter.
So yes, $100000 is still a nice donation, but it's not out of line to compare it to a $1000 donation from a median family in terms of sacrifice. I'm grateful that so many of the hardworking and fortunate that have passed through Marquette have remembered their school, because us median folks could never match their dollar donations even if we collectively lived on rice and beans and squeezed blood out of stones.
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Welcome aboard
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Also, how can you not see that this was marketing? This is almost the exact same thing as Al's run. They are using Crean to promote a cause. In this case it was donations to the soccer stadium.
Again...huh? Where did I say it wasn't for marketing purposes? I said it wasn't a "smart marketing move."
Your logic comparing this to Al's Run, an event that has been going on for more than 25 years, is totally off the wall and actually leads me to the conclusion that you have absolutely zero perspective on Marquette and Milwaukee.
Do you think people show up to Al's Run because of Tom Crean?!?! Good Lord are you out of your mind. They had 30,000 people participate when Bob Dukiet was the spokesman (or whatever they call it).
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Also, how can you not see that this was marketing? This is almost the exact same thing as Al's run. They are using Crean to promote a cause. In this case it was donations to the soccer stadium.
Again...huh? Where did I say it wasn't for marketing purposes? I said it wasn't a "smart marketing move."
Your logic comparing this to Al's Run, an event that has been going on for more than 25 years, is totally off the wall and actually leads me to the conclusion that you have absolutely zero perspective on Marquette and Milwaukee.
Do you think people show up to Al's Run because of Tom Crean?!?! Good Lord are you out of your mind. They had 30,000 people participate when Bob Dukiet was the spokesman (or whatever they call it).
Your point about Dukiet is a good one, and I think this illustrates what I'm talking about.
The premier position at MU is the head basketball coach, regardless of who it is.
Soooo, when the head basketball coach donates a large sum to the school to help build a soccer stadium, the school uses it as a tool to help promote the campaign to get more donations. It's really that simple. Trust me.
Also, I believe this is the post (below) where you implied that you think Crean's ego had something to do with the press conference and that it wasn't a "marketing move". Re-read it. Honestly, if that isn't what you are implying, what the hell are you implying?
Re: another big donation
« Reply #16 on: August 23, 2007, 10:54:33 AM »
Reply with quoteQuote
Denying that it was silly to call a "major" press conference for a $100,000 donation is ridiculous. It was a nice donation. Very, very generous. And it should have been announced in a press release.
This kind of stuff happens all the time around here. People point out instances of Crean acting like an egotistical ass and a dozen people blindly leap to his defense with claims such as the press conference "wasn't his idea" or that it was meant to "call attention to the soccer stadium" or it was a "marketing move."
Keep believing that.
ACAT means, "All Crean, all the time."
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All I know is that I worked for Mr. Zilber during an Accounting internship (the man owned half of Milwaukee - the good half!) and I never met an alum more passionate.... Thank you for the donation and giving me my start Mr. Z!!!