Forbes magazine is pretty adept at collecting, measuring, sorting and publishing all kinds of interesting economic tidbits, such as the net values of the 500 wealthiest people.
It also dabbles quite a bit in the business of sports, a world that will be consumed this week with the wave of college football bowl games.
Just in time for the buildup, the publication’s website at forbes.com recently put its number crunchers to work to gauge the 10 most powerful NCAA head gridiron coaches based on the mighty dollar. One South Carolina representative made the cut.
No surprise here, but topping the list was Nick Saban of Alabama, whose Crimson Tide will square off for the National Championship next Monday against the Fighting Irish of Notre Dame.
The Palmetto State was represented by University of South Carolina head coach Steve Spurrier, who was ranked No. 8, ahead of LSU’s Les Myles and Oregon’s Chip Kelly.
The others in the Forbes field, starting at No. 2, were: Gary Patterson of Texas Christian University; Urban Meyer of Ohio State; Bob Stoops of Oklahoma; Kirk Ferentz of Iowa; Mack Brown of Texas; and Mike Gundy of Oklahoma State.
To come up with its findings, Forbes said at it examined: each coach’s salary; the proportion of a school’s total coaching salaries and athletic expenditures; the football budget at each coach’s disposal; and how much it would cost the school to terminate a coach’s contract before the end of the year.
Forbes excluded the eight coaches whose pay information is not available in a USA Today salary database and it also did not include anyone who either lost or left their jobs this year.
For the record, Spurrier’s salary and budget work out to $3.35 million and $19 million, respectively.
His 11th-ranked Gamecocks be looking for a win over the 19th-ranked Michigan Wolverines at 1 p.m. tomorrow in the Outback Bowl.
Time to leave
Publishing executive and Sullivan’s Island resident John Huey is moving on from his lofty perch at Time Inc.
He’s turning over the title as editor in chief after seven years to Martha Nelson, the first woman to get the job running such storied magazine titles as Time, Fortune, People and Money.
Huey told New York Times media columnist David Carr he won’t miss going to work, citing what Carr called “the brutal aspects” of the profession, including relentless cost cutting and firings brought on the publishing industry’s painful shift from print to digital.
“There’s been a fair amount of unpleasantness at that table,” Huey said in an interview. “Google sort of sucked all of the honey out of our business,” the Atlanta native added.
Huey, a former Wall Street Journal reporter and Fortune writer, had been with Time Inc. since 1988 and served as a top executive for the past 11 years. During that spell, he commuted from Charleston, “partly because he always felt he was on the cusp of being fired,” Carr wrote in an article published earlier this month.
“There have been bullets flying since I got here, way back when I first came as a writer at Fortune,” Huey said. “I came to work when it was just Time Inc., then it became part of Time Warner, and then it was Time Warner with Turner, and then it became AOL Time Warner and then just Time Warner again. I always figured my time might be up. Came close, but it never happened.”
Huey has accepted a fellowship at Harvard’s Kennedy School.
He has maintained a fairly low profile since taking up residence on Sullivan’s more than a decade ago, but way back in 1996 he was the keynote speaker at the Charleston Metro Chamber of Commerce annual gala. At that time, he was editor of Fortune and commuting from Atlanta. He gushed that night about the quality of life in the Lowcountry.
“You can’t beat living here, I think,”he said at the event.
In the spotlight
A special section of USA Today titled “Investing in Asia” has splashed some ink on Charleston-based Water Missions International.
The group’s efforts to bring safe water to communities in need and its comprehensive community development programs were primary reasons for the spotlight on its work.
The feature ran in print in the New York, San Francisco, Washington, D.C., and Chicago markets just before Christmas.
George Greene III, co-founder and CEO of Water Missions International, said of the feature: “It is an honor to be recognized for the work we do in Asia, specifically in Indonesia. It is our hope that ‘Investing in Asia’ brings the world’s attention to the desperate need for safe water in developing nations and mobilizes people to give.”
This feature also launches a new Water Missions International initiative, Safe Water Timor, dedicated to bringing safe water to 100,000 people in a region of Indonesia.
Water Missions International has nine permanent country programs and has operated in 49 countries on five different continents. Click on the newsroom link at watermissions.org to read the entire article.