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Penn State banks on banking exec to fix reputation

Corporate governance experts say the dual role of Peetz presents risk to both her employer and alma mater. "From BNY's perspective, the argument is strong to let her to continue to provide leadership in cleaning up the mess while getting credit for giving her the space to do the job," said James Post, a Boston University management and ethics professor. "For her to do a bad job is probably the worst of all possible worlds for BNY Mellon and Penn State."

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