News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Northeast Ohio Medical University

Akron General

Metro RTA


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Politics


Did Mark Kvamme make $9 million off the Ohio State deal?
Ohio State signed with venture capital firm founded by the man who headed JobsOhio
by WKSU's STATEHOUSE BUREAU CHIEF KAREN KASLER


Reporter
Karen Kasler
 
Brian Rothenberg from Progress Ohio and Catherine Turcer from Common Cause Ohio are questioning the Kvamme deal.
Courtesy of KAREN KASLER
Download (WKSU Only)
In The Region:

One of the loudest critics of the state’s job-creating entity JobsOhio says the man brought in by Gov. John Kasich to head it up used that position to get himself a rich deal with Ohio State University.

The group Progress Ohio says it believes former OSU president Gordon Gee recommended the university invest $50 million with the venture capital firm set up by former JobsOhio President Mark Kvamme. Brian Rothenberg with Progress Ohio says Kvamme stands to get $9 million in fees, $500,000 in expenses and 20 percent of future profits from Ohio State’s investment.

LISTEN: Rothenberg on Kvamme payoff

Other options:
Windows Media / MP3 Download (0:14)


"All I know is that the way the revolving door works, he has certainly cashed in to the tune of $9 million, it appears, that those relationships definitely paid off for Mark Kvamme and his partner Chris Olsen."

Rothenberg says records requested from Ohio State were so heavily redacted it’s hard to tell the specifics of the deal with Kvamme’s company. But Rothenberg says a public record obtained from one of the state’s pension funds outlines what he thinks is a similar deal with Kvamme’s company, Drive Capital. There was no response to an email soliciting a comment from Ohio State.

Here's a response provided by Ohio State University:

It is not appropriate for us to comment on OPERS decisions.  

We do affirm our decision that Ohio State has a legal obligation under the Ohio Uniform Trade Secrets Act (R.C. 1333.61, et seq.) not to disclose trade secrets. 

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Ohio survey shows low-income people are choosing phones over food
Where is this study published? no sign of it on google scholar. is there a cite

The Akron Sound rocks the porches
fabulous group interview! you covered so much in so little time. wish i could be there for porch rockr.

Head of Ohio Dems says Kasich administration is lying about Suarez contacts
when Kasich's mouth is open , he's lying. Look what he did at Lehmans brothers and then lied about it all during the campaign. If a GOP didn't lie, he or she ...

Canton's Basilica of St. John absorbs news of the pope at morning Mass
Hello Chris,Marina,and Patrice, I just read this article and you all look great. I'm on facebook Jean Dutcher in blue and white stripped blouse. I"M so glad to ...

Exploradio: Avoiding the 'acting-white' trap
Growing-up black and being black should not determine that you will not speak well or will not be a high achiever in your goals in life.But society te nds to la...

Charter-school supporters to rally at Statehouse
I am on the bus now headed to the rally. Horizon is an excellent school. My son is is 7 th grade. The teachers and administrators are top notch and spend so m...

Former Nursing Home Land Added to Parks
In addition, LED technology also plays a very important role in advertising- LED placard is very, very useful for shop owners.

Ohio Supreme Court hears arguments on school funding
That's not true. Other school districts HAVE followed this law and done this. Oakhills is one of them and how they were able to provide technology for their s...

Death and beauty at Cleveland's Museum of Contemporary Art
What a disgusting story to air at lunch time.

Ohio Supreme Court grills attorneys on flooding and million-dollar fixes
Perhaps the State of Ohio should take the lead and implement state wide water shed districts that would collect minimum fees. The funds could then be distribute...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University