THE DAN BEEBE PYRAMID SCHEME EXPLAINED
Big 12 HQ Conference Room. Dan Beebe addresses his staff.
Staffer one: Did they buy it?
Dan Beebe: I don't like to think of it in those terms, Steve. What we're trying to do here is display value by reorienting our capital bases, improving revenue flow, and making more manifest the steady annual value of the Big 12 as an entity advertisers can trust, institutions can depend on, and the student-athlete can thrive in during their careers in one of our fine member institutions.
Staffer two: So they bought it?
Beebe pauses.
Beebe: THEY BOUGHT IT!
DANCE PARTY COMMENCES.
Beebe: Okay, okay, let's calm down. There's a lot of work to do here.
Staffer three: Dan, we just pulled it off with nothing. Like, zero, Dan. We made up a contract on the spot that doesn't exist.
Staffer one: I didn't think they'd actually buy a number that random. Eighteen years? Shit, that...I'm sorry. I almost blew it there.
Beebe: That's fine. Seemed realistic enough for their purposes. We have to get on the phones, gentlemen, though. And we have to start selling this like your mothers are about to be fed to a shark that only eats hundred dollar bills.
Staffer two: And mothers. I mean, my mother's not made of money.
Staffer one: Yeah, that analogy doesn't make much sense unless we're talking about a shark that eats money as its primary food, but will settle for a mother in a pinch.
Staffer three: Right, and really sharks are scavengers, so this whole--
Beebe: ENOUGH.
Staffer one: It's like he's never seen Shark Week--
Beebe: GENTLEMEN. I need you to get on those phones. We need to start selling shares of the Big 12 as soon as we can, and I'm going to tell you how to do it.
Beebe throws a thick binder of names and phone numbers on the table.
Beebe: Those, gentlemen, are gold. They are your leads.
Staffer one: This is a list of retirees in the Texas area.
Beebe: That's where we're starting, gentlemen. You're going to get on those phones and work. And work. And work your ass off. Your friends are shit. Your parents hate you, fine. See how they feel when you're paying off their Lexus.
Staffer three: Boiler Room.
Beebe: No, I'm just talking and you need to listen. You don't like it? You earn shit, you are shit, hit the bricks pal.
Staffer two: Glengarry Glen Ross. If you go Wall Street here I'm just going to say it: you have the DVD collection of a total douchebag.
Beebe: PLEASE. Listen, I'm just telling you: go out there and sell. Offer shares of the Big 12 and promise 30 percent growth over ten years, because we can and will deliver that kind of value, gentlemen. I promise you that.
Staffer one: And where is the money coming from?
Beebe: It's coming from investment.
Staffer two: Investment in what?
Beebe: Value.
Staffer three: And the value comes from...
Beebe: The collected power of our investments!
The staffers pause and look at each other.
Staffer one: That...that is kind of brilliant.
Staffer two: Utter bullshit, but man, just keep saying it. It's like a bear trap designed to catch moron-feet.
Beebe: Well, it was good enough for Lew Perkins.
Staffer one: Lew Perkins!
THEY ALL LAUGH FOR THREE MINUTES.
Staffer two: And we get immunity when we turn on you, you know that, right?
Beebe points to a map of Venezuela, a nation without a reciprocal extradition treaty with the U.S.A., hanging on the wall.
Beebe: I have no idea what you're talking about.
THEY ALL LAUGH FOR THREE MINUTES.
Beebe: So get on it, boys! There's benzedrine in the desk drawers and adult diapers in the bathroom. Let's make some magic.
Staffers one, two, and three: LET'S GO
Dan Beebe walks into his office and gets on the phone. It rings. It is answered.
Texas: Is Operation Boiler Room set?
Beebe: Yes. We're underway.
Texas: Excellent. We're agreed on my fifty percent cut, right?
Beebe: You said I'd get sixty-five percent!
Texas: I am altering the deal. Pray I don't alter it any further.
Beebe: Star Wars, you douchebag.
Texas: No, I just said that. Came out really natural for some reason. Felt good, actually.
Beebe: Fine.
Beebe hangs up the phone. Hook 'em turns to Missy.
Texas: Sugar, how would you feel about a tennis bracelet for lunch?
Missy: Oh, baby you are the best!
Texas: Oh, I know. Believe me. I know.
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Comments
If he truly had the DVD collection of a douchebag...
…he’d ensure the teams that the Big XII is “money” and they “don’t even know it.”
by Torgo's Executive Powder on Jun 15, 2010 12:52 PM EDT reply actions
You know that scene in Boiler Room where the characters are quoting Wall Street line by line?
Yeah, I can do that with Boiler Room.
I'm afraid I have no choice but to sell you all for scientific experiments.
by boddagettaflyer on Jun 15, 2010 2:05 PM EDT up reply actions
well
if that was the ass involved, this whole thing is completely understandable.
Go Big Red Nebraska!
Our Cobs Are Bigger Than Yours!
Corn Nation!
Twitter!
cornnation@gmail.com
by Jon Johnston on Jun 15, 2010 12:53 PM EDT reply actions 2 recs
Is Missy what Texas calls The Pac-10?
We all know those Texas big dealers always see someone on the side.
Silly question
Do you see Texas becoming an Independent in the next couple of years?
"Even the Swedes are getting mad."-Randy Hahn
"It's very cozy in the sin bin."-Randy Hahn
They’re not that far from it right now.
by AllSaintsDay on Jun 15, 2010 1:10 PM EDT up reply actions
Knowing that school
They would stab everyone in the back and go Independent.
"Even the Swedes are getting mad."-Randy Hahn
"It's very cozy in the sin bin."-Randy Hahn
Leveraging core competencies
Brian Kelly says no Spicy Sea Nuggets.
by Ancient Chinese Secret on Jun 15, 2010 1:09 PM EDT up reply actions
WIN-WIN
Voodoo Five - South Florida Bulls SBN Blog
The Toughest Blog in America
by Jamie DeVriend on Jun 15, 2010 1:25 PM EDT up reply actions
Blue sky thinking
It doesn’t matter how many football games the SEC wins. We will always look down on you.
Deep dive
Brian Kelly says no Spicy Sea Nuggets.
by Ancient Chinese Secret on Jun 15, 2010 1:38 PM EDT up reply actions
Possesses a skill set readily applicable to outside-the-box thinking
by SanDiegoDevil on Jun 15, 2010 1:39 PM EDT up reply actions 1 recs
Reach out and touch base.
It doesn’t matter how many football games the SEC wins. We will always look down on you.
Best practices
Brian Kelly says no Spicy Sea Nuggets.
by Ancient Chinese Secret on Jun 15, 2010 1:48 PM EDT up reply actions
Dipping your pen in company ink.
It doesn’t matter how many football games the SEC wins. We will always look down on you.
Step back and look at this from 10,000 feet
by Call Me the Breeze on Jun 15, 2010 1:51 PM EDT up reply actions
Ping me back on that.
It doesn’t matter how many football games the SEC wins. We will always look down on you.
One ping only.

Brian Kelly says no Spicy Sea Nuggets.
by Ancient Chinese Secret on Jun 15, 2010 1:56 PM EDT up reply actions
Now THIS is a movie
that I can quote verbatim in its entirety.
Which is probably why I found this so damn funny.
Careful, ACS
most things in here don’t react well to bullets.
"...when the devil says to you: do not drink, answer him: I will drink, and right freely, just because you tell me not to."
— Martin Luther
Take ownership.
It doesn’t matter how many football games the SEC wins. We will always look down on you.
Artifacts
"I like the taste of danger most of all." - Jonatha Brooke
by MtnEer_in_SC on Jun 15, 2010 3:41 PM EDT up reply actions
Social media optimization
Longest Atlanta Falcons winning-seasons streak: 2008 - current
The Falcoholic · Blog · Twitter
Design must really "pop"
Longest Atlanta Falcons winning-seasons streak: 2008 - current
The Falcoholic · Blog · Twitter
Hey look, this is as far left as it goes.
On my screen, at least.
Longest Atlanta Falcons winning-seasons streak: 2008 - current
The Falcoholic · Blog · Twitter
By left I mean not left
Misdirection
Longest Atlanta Falcons winning-seasons streak: 2008 - current
The Falcoholic · Blog · Twitter
Metrics
"I like the taste of danger most of all." - Jonatha Brooke
by MtnEer_in_SC on Jun 15, 2010 5:33 PM EDT up reply actions
Earnings Before Interest Taxes Depreciation and Amoritization
"I'm colonel cool! And I'm the captain on this rocket to the stars!"
Lessons learned
"Nothing turns me on like doe estrus." - ReadingRambler
by leeharvey418 on Jun 16, 2010 10:31 AM EDT up reply actions
We brought our A game.
It doesn’t matter how many football games the SEC wins. We will always look down on you.
Consumer-brand resonance
True story: a marketing textbook I was forced to buy for $160 contained this sentence:
“A decision is a conscious choice between two or more alternatives.”
Brian Kelly says no Spicy Sea Nuggets.
by Ancient Chinese Secret on Jun 15, 2010 2:15 PM EDT up reply actions
that was supposed to be a reply to
“reach out and touch base.” Remember back in the old days when I would have had to put an “@XYZ” at the beginning of the post to signify it as a reply? Me neither.
by haveagreatday on Jun 15, 2010 2:15 PM EDT up reply actions
its like you are reading my resume
"It’s not Disneyland, people. Get the hell out of the way." NYC Firefighter
by jokastrength on Jun 15, 2010 2:25 PM EDT up reply actions
Behold my undergraduate education as a finance major:
Staffer one: And where is the money coming from?
Beebe: It’s coming from investment.
Staffer two: Investment in what?
Beebe: Value.
Staffer three: And the value comes from…
Beebe: The collected power of our investments!
Brian Kelly says no Spicy Sea Nuggets.
by Ancient Chinese Secret on Jun 15, 2010 1:08 PM EDT reply actions
Is this the reason
my 401k averages about what a passbook savings account would?
"I like the taste of danger most of all." - Jonatha Brooke
by MtnEer_in_SC on Jun 15, 2010 1:15 PM EDT up reply actions
No, of course not!
Here at ACS Capital, we have equations to find value. Equations with calculus! Since you couldn’t possibly understand that, we’ll just take a little fee for our services.

Brian Kelly says no Spicy Sea Nuggets.
by Ancient Chinese Secret on Jun 15, 2010 1:23 PM EDT up reply actions 3 recs
Step 1: Observe bullshit
Step 2: Abstract observed bullshit
Step 3: Aggregate abstracted observe bullshit
Step 4: Use alarmingly dubious method to valuate aggregated abstracted observed bullshit
Step 5: Consult marketing department for smart-sounding terms to market steps 1-3
Step:6: Use smart-sounding terms to sell investors on aggregated abstracted observed bullshit product
Step 7: Lever the motherfuck out of aggregated abstracted observed bullshit product
Step 8: Profit!!!!!
Step 9: Inherent collapse of economy due to bubble pop of large-scale failure of dubious valuation problem in Step 4
The new year approaching, click in. Let’s facelift bar! Open the wardrobe is not yet found love after another the right clothes? So, also waiting for? Immediate action bar!
If you are Barney Frank...
Deny that you were in charge of regulating when the bubble burst and you can’t be held accountable.
+100...
for mentioning Shark Week
by Terry Bowden's Shoe Lifts on Jun 15, 2010 1:14 PM EDT reply actions
THIS is a great example of why the SEC and PAC and Big10 should NEVER invite the University of Texas to become part of their conferences:
Via Stewart Mandel (of Sports Illustrated) on Twitter (@slmandel):
"Unbelievable. The five "leftovers" (KU, KSU, ISU, BU, Mizzou) agreed to sign over their share of CU/NU’s buyout money to UT/OU/A&M."
Not to mention the $20 million a year guaranteed to each of UT/OU/A&M, which is millions more than the "leftovers" will get each year in the Big12-2
He obviously hates UT's freedom.
It doesn’t matter how many football games the SEC wins. We will always look down on you.
I'm so glad Texas didn't join the Big 10.
They are a giant, powerful, broken widget.
by HawkeyeRecon on Jun 15, 2010 4:26 PM EDT up reply actions
You know what I want to know?
Where the hell is Oklahoma State in all this? Does nobody offer them wads of cash because T. Boone is driving the Cowboymobile?
by Eric Angevine on Jun 15, 2010 4:41 PM EDT up reply actions
And for an earlier generation, there's Steve Martin
How to make two million dollars.
Step 1: Get a million dollars…
by An 'eer with a beer on Jun 15, 2010 3:08 PM EDT up reply actions
I'm starting to think
In a few years OU/Texas A&M will be meeting with Beebe demanding “more money” and “give us some of that internet money buddy!”
At which point Dan points out that he’s “not your buddy, friend.”
At which point OU/Texas A&M point out that they’re “not your friend, guy.”
At which point Dan points out that he’s “not your guy, buddy.”
Other conferences have lots of money!
We want—we want some of that money! How ’bout a TV network? TV networks make a lot of money! So give us some of that money!
Brian Kelly says no Spicy Sea Nuggets.
by Ancient Chinese Secret on Jun 15, 2010 3:10 PM EDT up reply actions
Where can I get some credit-default swaps on the Big XII?
All this needs is some kind of exotic derivative financial product that no one has any understanding of.
by Cantabrigian_UGA_Fan on Jun 15, 2010 2:47 PM EDT reply actions
You are better off buying the CDS on the BBB tranches
Those CDOs are named Lawrence, Ames, Columbia and the ironically named Manhattan
You mean, like the BCS?
"...when the devil says to you: do not drink, answer him: I will drink, and right freely, just because you tell me not to."
— Martin Luther
I can't help picturing it like this, even if it makes no sense.

Got more suits than Jacoby and Meyers.
by Run Up The Score on Jun 15, 2010 6:35 PM EDT reply actions
Just like in The Office
When the Michael Scott paper company was broke, but somehow was able to get their jobs back as a buyout plan.
Mountain West Connection The best site for MWC sports!
you forgot one section of the conversation
wherein Beebe explains how to securitize the value of their investments before they sell it
it is a crucial step
Dan Beebe is also planning on heavily leveraging his firm in order to maximize the profits
by Cantabrigian_UGA_Fan on Jun 16, 2010 8:46 AM EDT up reply actions
Its simple finance really
Write puts on the Big East, buy LEAPs on the Pac-10, go long the Big Ten and the SEC. If you would rather invest in individual securities rather than sectors or industries then try this: Go long Kansas, Utah, Nebraska, and Alabama. Short A&M, CU, Notre Dame, and Michigan. For absolute return, pair trade by going long UCLA and short USC, borrow heavily in Japanese Yen and invest your short rebates in the Loonie.
by Cornshucker on Jun 16, 2010 12:59 PM EDT up reply actions






















