Previously in this space, I questioned if it was possible that an experienced businessman like Bill Stenger could actually be clueless to the rampant looting of his own project, and remain that way for several years running.
My conclusion: No, he could not.
Which brings us to this: If he knew what was going on, why did he let Ariel Quiros (who had illegally used EB-5 investor money to become Stenger’s boss) pursue this crooked scheme? Why did he put his own finances and reputation on the line, even when the signs of trouble became impossible to miss?
Two possibilities. First, he was getting a cut. Could be.
Second, he was in severe financial straits and needed a Quiros to bail him out. Call Quiros a “devil investor,” if you will. Certanly not an angel.
The University of Vermont chose Friday afternoon, traditional bad-news dumping ground, to announce the firing of its women’s basketball coach, Lori Gear McBride.
It couldn’t have been a surprise; Gear McBride had compiled a miserable 46-134 record in six seasons. In her “best” campaigns, the team lost twice as many games as it won. Throughout her tenure, UVM was a consistent cellar-dweller in the America East converence.
So the real question isn’t “Why was she fired?” it was “Why did it take so long?”
And here’s another puzzler. After her first four seasons, coaching the team to a 32-89 record, she was given a four-year contract extension at an annual salary of $131,000. That seems, shall we say, out of proportion with Gear McBride’s performance.
No way a men’s coach with such a record would see his contract extended. No way a men’s coach would be allowed to lose that many games, period.