victimize children for many, many years. in total, he forces 40 charges tied to sexual assault. curley and schultz are charged with failing to report abuse and graham spanier is under pressure to retire and joe paterno announced that he will retire at the end of the season saying in a statement, this is a tragedy. it s one of the great sorrows of my life with the benefit of hindsight i wish i had done more. jason carroll, cnn, state college, pennsylvania. if you re just joining us, breaking news, joe paterno and graham spanier have both lost their jobs. the university board of trustees made the announcement less than an hour ago. the board of trustees and graham spanier have announced that dr. spanier is no longer president of the university. in addition, joe paterno is no longer the head football coach effecti effective immediately. well, joining us now, cnn s jason carroll and mike galanos. if i can start with you, mike, describe what you re seeing. set the scene. w
learned that four different women have accused you of inappropriate behavior. here we re focusing on character and judgment. you ve been a ceo. yes. you know shareholders are reluctant to hire a ceo where there are character issues. why should the american people hire a president if they there are character issues? the american people deserve better than someone being tried in the court of public opinion, based on unfounded accusations. governor romney, when you were being capital, you purchased a lot of companies. you could fire the ceo and management team or keep them. would you keep a ceo? are you persuaded by what mr. cain has said? would you keep him on if you bought his company? i look, herman cain is the person to respond to these questions. people across the country can make their own assessment. joining us live in washington, former bush speechwriter, david frump and in cincinnati, fellow former ceo ohio of state. good evening, gentlemen. david frump, i
good morning, it s thursday, november 10th. this is your a.m. wake-up call. i m carol costello joining you live from new york this morning. the board of trustees have decided that effective immediately, dr. spannier is no longer president of the university. in addition, joe paterno is no longer the head football coach, effective immediately. these decisions were made after careful deliberations. and in the best interests of the university as a whole. this morning pen studen stat alumni and students are waking up for the first time in 46 years without paterno leading the nittany lions. the president is also out. our mike galanos reports from outside the school from state college, pennsylvania. reporter: emotions boiled over as the announcement was made. joe paterno is no longer the head coach at penn state university. the students did not see that coming. many supporting joe paterno, wished he had done more through the child sex abuse scandal but joe paterno out. also,
really goes against what in many ways joe paterno stood for for some 46 years while he was there coaching there at penn state. mike, we ve established contact with you now. galanos, what are you seeing now? where are these students going? reporter: they are headed to beaver avenue and they are flocking to that place. i was just talking to a student minutes ago and that s what happens. everyone is flocking to beaver avenue because they were behind the pictures that you re looking@the old main building and all of a sudden they made a dash for it and now they are assembling it at beaver avenue. we are going to head over there to see what happened. i can imagine the chance will continue. we want joe back. talking about joe he paterno and just straight up chanting joe paterno s name. i mean, every student i ve talked to today once again they are in support of him staying on as coach. i don t think any of these students thought this would happen this day, that joe paterno, thei
he explained it to coach paterno. paterno s testimony, he was told, there was, quote, fondling or doing something of a sexual nature. not anal intercourse, but pretty damn bad any way you slice it. congressman meehan, you don t expect to face these kinds of situations. what do you think a federal investigation will achieve here? there was an obligation under the cleary act all the way back in 2002 to report incidents of crime that take place on campus. according to the university s own guidelines, there would have been an investigation that would have been done by the university police back in 2002. and if you had that, you would have had the opportunity to ask this graduate assistant, who s now been identified as a man who s an assistant coach at penn state, what he saw.