Sandy B used Bain and Co. for some financial analysis

piemelon;841928194 said:

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Sandy B used Bain and Co. for some financial analysis

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Is that why we're broke?

Was some poor concession worker laid off, lose his health care and contact Ebola virus?

NYCGOBEARS;841928195 said:

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Is that why we're broke?

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it was pro bono

Quote:

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findings from a group of talented Cal alumni from Bain & Co. who undertook an objective, independent analysis of our department operations pro bono

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different Bain. The company the campus used is a consulting firm based in SF.

btw, the report is very interesting. Argues that the AD is pretty efficient in terms of operating costs, ranks near the bottom among peer institutions in terms of institutional support (and going down), will need $6-8 million more/year in coming years, and developed plans for increasing ticket sales, philanthropy, and ancillary income.

UrsaMajor;841928222 said:

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different Bain. The company the campus used is a consulting firm based in SF.

btw, the report is very interesting. Argues that the AD is pretty efficient in terms of operating costs, ranks near the bottom among peer institutions in terms of institutional support (and going down), will need $6-8 million more/year in coming years, and developed plans for increasing ticket sales, philanthropy, and ancillary income.

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Don't like the suggestion for potentially moving the student section from the middle of the field to free up more premium 'donor' seats.

if they do, thats b*llsh*t

Link to the actual report?

UrsaMajor;841928222 said:

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different Bain. The company the campus used is a consulting firm based in SF.

btw, the report is very interesting. Argues that the AD is pretty efficient in terms of operating costs, ranks near the bottom among peer institutions in terms of institutional support (and going down), will need $6-8 million more/year in coming years, and developed plans for increasing ticket sales, philanthropy, and ancillary income.

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Where is BAMS these days btw? Wonder why he didn't post the Bain report? :sarc:

I would encourage everyone to read the report or the executive summary if you don't want to get lost in the weeds. Or you can stay uninformed like Barsky, BAMS, and the lunatic fringe of the faculty.

Bain and Co. in SF is an office of Bain and Co., Boston. I have no problem with Bain, it is a great company. Just posted the initial post to pull the chains of some of my more liberal acquaintances on this board for whom Bain is the epitome of evil capitalists.
Steve Ellis is the west coast partner, (SF and Palo Alto, I think) of Bain. He is a Cal grad in Econ and History, with an MBA from, dare I say it, Stanford.

Actually, it turns out Sandy and co. hired Bane.....

MoragaBear;841928351 said:

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On the front page

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Saw that. My phone app takes me straight to growls so I saw this first.

MoragaBear;841928351 said:

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On the front page

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The full report is significantly longer.

piemelon;841928294 said:

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Bain and Co. in SF is an office of Bain and Co., Boston. I have no problem with Bain, it is a great company. Just posted the initial post to pull the chains of some of my more liberal acquaintances on this board for whom Bain is the epitome of evil capitalists.
Steve Ellis is the west coast partner, (SF and Palo Alto, I think) of Bain. He is a Cal grad in Econ and History, with an MBA from, dare I say it, Stanford.

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Bain and Co. Is not the same as Bain Capital. Former is a consulting firm, latter is the PE fund that spun out of the consulting firm and has been villainized.

Unit2Sucks;841928370 said:

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Bain and Co. Is not the same as Bain Capital. Former is a consulting firm, latter is the PE fund that spun out of the consulting firm and has been villainized.

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I don't think anything has been villainized except for a certain former employee's claims that his experience there qualifies him as a "job creator."

piemelon;841928194 said:

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Sandy B used Bain and Co. for some financial analysis

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And then?

ohsooso;841928420 said:

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I don't think anything has been villainized except for a certain former employee's claims that his experience there qualifies him as a "job creator."

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Cuzz the guy in now was oozing experience when he was elected.

:facepalm

ohsooso;841928420 said:

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I don't think anything has been villainized except for a certain former employee's claims that his experience there qualifies him as a "job creator."

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In any event, what Bain Capital does (buying and selling companies for profit) is very different from what Bain & Co. does (management consulting). You can quibble about the benefits of the work done by either organization, but they aren't in the same line of business.

Phantomfan;841928449 said:

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Cuzz the guy in now was oozing experience when he was elected.

:facepalm

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Which is a claim that was never made by him. Nice attempt at false equivalence.