Recent information shows Louis Freeh’s conclusion that Penn State facilitated Jerry Sandusky’s abuse of children to be a blood libel (false accusation of a monstrous crime).
The objective evidence is as follows:
Freeh was MBNA’s vice chairman and general counsel from 2001 to 2006. MBNA (now Bank of America) was a major Second Mile donor, and it sponsored Jerry Sandusky’s retirement dinner.
MBNA Senior Vice Chairman Ric Struthers was a Second Mile director. This suggests an obvious motive for Freeh to whitewash The Second Mile at Penn State’s expense.
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Freeh has been accused of willfully dishonest investigative work for British Petroleum and Wynn Resorts. The language used in these allegations could easily describe the work Freeh did for Penn State.
A European court found Freeh’s investigation of FIFA official Mohamed bin Hammam deficient and incomplete.
Penn State trustee and Merck CEO Kenneth Frazier should have learned from Merck’s experience with Vioxx the virtues of diligence and risk management.
As matters stand, he and the other trustees who selected Freeh apparently did not screen him for potential conflicts of interest.
Frazier and then-chairwoman Karen Peetz apparently did not review Freeh’s work for quality before they affirmed it on behalf of the board, but without authorization by the board’s vote.
The Freeh report has, therefore, turned out to be the equivalent of Vioxx for Penn State’s good name and reputation. What does the board think its fiduciary duty to be at this point?
William A. Levinson, Wilkes-Barre