<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[Get The Picture]]></provider_name><provider_url><![CDATA[https://blutarsky.wordpress.com]]></provider_url><author_name><![CDATA[Senator Blutarsky]]></author_name><author_url><![CDATA[https://blutarsky.wordpress.com/author/blutarsky/]]></author_url><title><![CDATA[Farewell to a white&nbsp;elephant]]></title><type><![CDATA[link]]></type><html><![CDATA[<p><a href="https://www.mercurynews.com/2022/03/29/pac-12-moving-out-of-san-francisco-remote-work-option-will-save-millions-help-employees-a-victory-all-around/" target="_blank" rel="noopener">The Pac-12 closes the door on one of Larry Scott&#8217;s more expensive follies</a>.</p>
<blockquote><p>The Pac-12 on Tuesday announced it’s leaving downtown San Francisco next year when its lease expires.</p>
<p>Where’s the new headquarters? Nowhere. There will be no conference office in the traditional sense, only a facility for content production.</p>
<p>Most employees will be allowed to work in fully remote fashion, a move that will save millions in rent annually and generate additional revenue for the campuses&#8230;</p>
<p>The conference paid approximately $8 million in occupancy for the San Francisco office space in the 2020 fiscal year, according to the most-recent financial documents available.</p>
<p>An undetermined fraction of that amount will support the production facility, with the remainder distributed to the schools — perhaps $500,000 to $750,000 per campus per year.</p></blockquote>
<p>Just pissing money away.  How Scott managed to keep his job &#8212; at a place that was steadily falling behind in the revenue race during his tenure &#8212; as long as he did is one of those little mysteries I&#8217;ll never understand.</p>
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