Direct Financial Costs of a Reputation Crisis – Penn State’s $ 3.2 Million of Fees as of
- Kirk Hartley
- Feb 15, 2012
- 1 min read
Reputation risk problems are expensive even for not-for-profits. Consider, for example, this AmLaw article on Penn State’s experience. The university had spent almost $3.2 million on lawyers and other advisors as of year-end 2011. No doubt many more expenses will follow.
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