Monday, September 18, 2017

Nido Qubein; How much economic growth could Greensboro lose if High Point builds a baseball ballpark area like Greensboro's?




"Nido Qubein  is an American Lebanese-Jordanian businessman, motivational speaker, and President of High Point University since 2005.

 He received his Associate's Degree in Business from Mount Olive College...

 He earned his Bachelor's Degree in Human Relations from High Point University in 1970, and his Master of Science in Business Education degree from the University of North Carolina at Greensboro

...in 2009, he was awarded an Honorary Doctor of Letters in Humanity degree from the University of North Carolina at Greensboro.

Should we really be call Nido "Dr."?

He has served as Chairman of the Great Harvest Bread Company since 2001 on the Board of Directors of BB&T since 1990 and La-Z-Boy Corporation since 2006.

How much money does HPU owe BB&T?

Since 2005 when Qubein became the seventh president of High Point University, he has nearly tripled the number of faculty, tripled traditional undergraduate enrollment, and added four academic schools.

If the stock market falls 50%, 
how many of HPU's students will be able to continue their education
at one of the priciest schools in the country?

Qubein is notable for being the third or fourth highest paid college president in the United States, earning $2.9 million a year in 2013.

Why take so much from so well off few Nido?

What is the average debt load of a HPU graduate compared to their income
five years after attending HPU?

 ...Qubein has written 11 books, including titles like "How To Communicate Like A Pro"

https://en.wikipedia.org/wiki/Nido_Qubein

Nido is an amazing communicator

Maybe a little too amazing


With his contacts and fundraising experience, Dr. Qubein led HPU in raising $300 million in gifts and pledges without a formal campaign.

All three of his alma maters bestowed upon him honorary doctorates.

Nido gave himself a doctorate...

His business ventures included helping to grow a bank in 1986, and today he serves on the board and has chaired the executive committee of BB&T, a Fortune 500 financial corporation with $185 billion in assets and 35,000 employees.

He is the recipient of the highest awards given for professional speakers including the Cavett (known as the Oscar of professional speaking), the Speakers Hall of Fame, and Sales and Marketing International’s Ambassador of Free Enterprise.

Nido is a very good salesman,
not unlike Bernie Maddoff

Toastmasters International named him the Top Business and Commerce Speaker...


http://www.highpoint.edu/president/
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"Democrats in Congress and the Obama administration have spent the past three years going after for-profit colleges in an effort to combat fraud and misuse of federal student aid monies. Some policymakers were careful to cast the onslaught as an attempt to root out bad actors.

...for-profits will skimp on education and spend their resources on the things that drive their stock price—marketing and recruiting. In order to avoid wasting federal student aid dollars on such useless expenses, Democrats have argued that the government should regulate access to student aid on the basis of an institution’s tax status. Non-profit? No problem. For-profit? Let me see your hands.

...In 2005, High Point hired Nido Qubein, a motivational speaker, to serve as its president. Qubein proceeded to invest nearly $700 million in the campus, constructing shiny new buildings, high-end dining halls, and a ridiculous array of amenities that would make the manager at a Four Seasons blush. As Businessweek points out, this is a very expensive way to grow the brand. Moody’s downgraded their bonds to junk status after the campus borrowed $165 million in just a few short years.

...In 2010, according to High Point’s annual IRS filing, [Qubein] received a deferred compensation package that boosted his pay to $1.38 million. IRS filings show the university pays almost $1 million annually to his family’s public-relations and consulting business, now headed by Qubein’s 28-year-old daughter, Deena Qubein Samuel.

...when a nonprofit university feeds at the federal trough to the tune of $700 million in fountains, marble, and a certified “Director of WOW,” policymakers don’t bat an eye because they don’t pay out dividends to shareholders?"

http://www.aei.org/publication/a-college-both-left-and-right-should-be-angry-about/
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"The top-paid private college president in North Carolina isn’t at Duke, or Wake Forest, or Davidson. It’s High Point University's president. He received a total compensation package of nearly $3 million in 2013. That’s the third largest private school pay package in the country, according to The Chronicle of Higher Education.  

High Point University President Nido Qubein is a motivational speaker and a businessman. He was a university trustee until the board decided to hire him."

http://wfae.org/post/high-point-universitys-president-3rd-highest-paid-country

"Notable campaign contributors to Guilford County’s state legislators who voted in favor of HB2;

Contributors to State Senator Phil Berger

Jim Melvin, former mayor of Greensboro, Bryan Foundation
Robbie Perkins, former mayor of Greensboro
Marty Kotis, developer, Kotis Properties, UNC Board of Governors
Roy Carroll, developer, The Carroll Companies
Vanessa Carroll, wife of developer Roy Carroll
Lloyd Yates, CEO Duke Energy

Contributors to State Senator John Faircloth

Nido Qubein, President High Point University
Roy Carroll, developer, The Carroll Companies
Robbie Perkins, former mayor of Greensboro
BJ Barnes, Guilford County Sheriff

Contributors to State Senator Trudy Wade

Lawrence Czarda, President, Greensboro College
Janis Zink, Vice Chancellor, UNCG
Zack Matheny, President, Downtown Greensboro Incorporated
Marty Kotis, developer, Kotis Properties, UNC Board of Governors
Roy Carroll, Carroll Companies
Robbie Perkins, former mayor of Greensboro
Tony Wilkins, Greensboro City Council (through his campaign committee)

Contributors to State House Representative John Hardister

Robbie Perkins, former mayor of Greensboro
Marty Kotis, developer, Kotis Properties, UNC Board of Governors

https://greensboro101.com/movers-and-shakers-share-responsibility-for-tournament-pull-outs/
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"...It seems like Qubein isn’t having any trouble finding private money for amenities, a hotel, apartments, a team, and a stadium name.  If that’s the case, is it possible that maybe there’s private money out there that could be found for the ballpark itself?  Rather than asking taxpayers to be on the hook for $30 million for a new stadium, perhaps High Point should slow down and explore the idea with private investors.

...if they’re willing to put up millions for a hotel, but not to build a stadium, then perhaps that should serve as a warning to the city of High Point.  If there really isn’t sufficient private interest in building this ballpark, then maybe it’s not such a wise investment after all.  Either way, the city should be very wary of spending $30 million on the project."

https://www.johnlocke.org/update/is-a-30-million-ballpark-a-good-investment-for-high-point-taxpayers/