As I'm sure everyone knows, two new business and industry trustees were approved at the last BOT meetings on May 8th. Those new trustees are Robert E. Fenza and Mary Lee Schneider. Here is the news story from Penn State on the same day:
http://news.psu.edu/story/356715/2015/05/08/administration/board-trustees-election-results-announced
Mary Lee Schneider is said to work for Follett Corp. based out of River Grove, Illinois. All of the media reports I found listed her as the CEO. Problem is, there was a press release and a link to story on May 4th stating that Mary Lee had "retired" as president, director and CEO. Interestingly, it was worded at "retired, effective immediately." If you read her quote right off the company's site, "While I am moving on to the next adventure, ...." hardly makes it sound like she retired.
http://www.follett.com/news?articleid=2415
http://www.chicagobusiness.com/arti...tches-ceos-putting-a-director-in-the-hot-seat
I'm curious if this information was given to voting trustees. Mary Lee's LinkedIn profile has not been updated as of yet.
If you want to look farther, there's a site called the layoff.com where people can post anonymously. Surely you have to take it with a grain of salt because it is anonymous, but a majority of the post are not favorable to Ms. Schneider or the way the company had been operating in recent times. The posts also suggest that the was not planned and came suddenly.
https://www.thelayoff.com/follett
So did the entire board know this? Why can't reporters do a little fact checking? Will it look weird when they update the trustee's website bios and hers is only one without a company? Or will it say retired?
Just another day in #psubot........ P.S. been reading this board for many many years but this is my first post so I apologize if links aren't working or spacing is off.
http://news.psu.edu/story/356715/2015/05/08/administration/board-trustees-election-results-announced
Mary Lee Schneider is said to work for Follett Corp. based out of River Grove, Illinois. All of the media reports I found listed her as the CEO. Problem is, there was a press release and a link to story on May 4th stating that Mary Lee had "retired" as president, director and CEO. Interestingly, it was worded at "retired, effective immediately." If you read her quote right off the company's site, "While I am moving on to the next adventure, ...." hardly makes it sound like she retired.
http://www.follett.com/news?articleid=2415
http://www.chicagobusiness.com/arti...tches-ceos-putting-a-director-in-the-hot-seat
I'm curious if this information was given to voting trustees. Mary Lee's LinkedIn profile has not been updated as of yet.
If you want to look farther, there's a site called the layoff.com where people can post anonymously. Surely you have to take it with a grain of salt because it is anonymous, but a majority of the post are not favorable to Ms. Schneider or the way the company had been operating in recent times. The posts also suggest that the was not planned and came suddenly.
https://www.thelayoff.com/follett
So did the entire board know this? Why can't reporters do a little fact checking? Will it look weird when they update the trustee's website bios and hers is only one without a company? Or will it say retired?
Just another day in #psubot........ P.S. been reading this board for many many years but this is my first post so I apologize if links aren't working or spacing is off.
