I would have let him coach out the season. This would have avoided the student riot, pepper spraying and turned over TV truck at least. It also would have avoided having everyone in the nation watch the Penn State students riot.
Analysis from the Board of Trustees guy:
-- Are you doing an investigation? -- Yes.
-- Is it complete? - No.
-- Do you know the extent of Paterno's involvement in the crime/coverup? -- No.
-- So???? -- "We thought it was in the best interest of the school to fire him."
In other words, "The national media was giving us a hard time, so we did the easiest thing -- which was to fire the guy over the phone when we hadn't yet established he had done anything wrong."
A real profile in courage.