Despite concerns from OSU’s chief investment officer and others, Former OSU President E. Gordon Gee forced through a $50 Million investment with former head of JobsOhio Mark Kvamme on behalf of the university.   Gee and Kvamme are friends and have worked together on multiple projects in the Kasich administration.

ProgressOhio released documents on Monday revealing that Kvamme and his partner at Drive Capital could make “approximately $4.5 million a year in management fees, plus 20% to 30% of any profits their investments make” for the Ohio State University.

The Dispatch’s original story on the topic was titled:

“Kvamme Could Make 9 Million From Ohio State Deal“.

Good title.   I’d click through to read that story.

Then… later in the day (7:41PM), the title changed to:

“Documents put focus on Ohio State’s investment”.

Pretty boring and bland, eh?   They might as well have titled it:  “Don’t waste your time with this article” or “hey! The link to the sports stories is right up at the top there!”

If I had to make a guess, I’d say someone at the Dispatch got a nasty call from the Governor’s office around 7:30PM yesterday, someone who was none-too-happy about the paper making a fuss over Kasich’s pal Kvamme earning millions from the connections he made while working at JobsOhio.

Here’s a screen shot of the story yesterday evening.



At 4:21AM today the title was again changed to “Documents spark conflict about Ohio State deal with Kvamme”. Slightly better than the second headline, I suppose.

Feel free to check out the article for yourself to see if it’s changed again…

  • DublinIrishBob

    I would expect nothing less from them.

  • jr6020

    Could this be the reason Gee is off to West Virginia? I wonder if his position on the “RobsOhio” board will be vacated too? Is he just another greedy Kasich crony who gets his cut and flees the state?

  • dmoore2222

    The slimey tentacles of JobsOhio are spreading. Someone’s gonna sqwak. It’s inevitable.

  • dmoore2222

    The optics of this are simply awful. What supposedly was to be a lean and efficient job creation entity that would operate at “the speed of business” for the benefit of the average Ohioan turned out to be a cash cow for the guy who ostensibly worked for a $1 annual salary and a few privileged others. So Mr. Phlianthropy lined his pockets while thousands of Ohio workers lost jobs and many more saw their wages and benefits shrivel up (not to mention the all out frontal assault on workers that was SB5). Oh, and Gordy got his cush office space at OSU and who know what else through his dealings with JobsOhio. If this JobsOhio thing was truly working as promised then there would be success stories splashed all over the place. Instead, you wouldn’t even know it existed if it weren’t for such blatant profiteering and the conflicts of interest among it’s board members.
    Here’s a short list of issues Fitzgerald just might want to hammer away at relentlessly toward his self-proclaimed fiscal hawk opponent, John Kasich:
    1. Millions in state funds spent on “security upgrades” to the governor”s personal residence because he fefused to occupy the governor’s mansion
    2. A million dollars of state money unaccounted for in the JobsOhio audit.
    3. The attack on working and middle class people through SB5/Issue 2
    that sought to divest them of collective bargaining that would ultimately lead to lower wages and reduced benefits, all while a priviledged few profit handsomely from their association with JobsOhio.
    Kasich’s promise of explosive job growuth and fiscal responsibility have been broken by the policies he has actively pursued, not by fluke or circumstance.
    If Fitzgerald doesn’t expoit this, then he doesn’t deserve the governorship.

  • Retrofuturistic

    And so the Christian Tea Party rape of Ohio’s economy and environment continues. And therein lies the reason I will NEVER contribute a cent to the Columbus Dispatch. The Kasich-supporting Dispatch is the Columbus version of the national Fox News/ Ministry of Public Enlightenment and Propaganda.

  • Retrofuturistic

    That’s clearly it. Take the money you robbed from Ohio and run.

  • Retrofuturistic

    I wish they would squawk before all the money is gone….

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