Penn State President Rodney Erickson on Scandal

George Stephanopoulos talks to the university's new president.
3:51 | 11/14/11

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Transcript for Penn State President Rodney Erickson on Scandal
Joined by the new president Penn state university Rodney Erickson mr. Erickson thanks for joining us. This morning we just heard Jim -- report that one of the victims has hired a lawyer to pursue the possibility of a civil lawsuit. Is Penn State prepared to accept responsibility for what happened of those boys. Yes we certainly are we understand that there will be lawsuits that will be filed. Beyond that we're certainly prepared to do the right thing for all of the victims what does that mean. -- that means that we will certainly do everything that we tend to determine what is appropriate and we will do the right thing. If you served as pro votes of Penn State before becoming president last week when did you first hear. About these allegations and what you think when you heard. I was so shocked when I heard them are we to go Thursday. I -- the resentment of the attorney general and I was -- and deeply deeply district that was the first time last week. Guess I was when I first time understood the complete to ramifications. Of this. -- this situation. I was vaguely aware of that there was some issue and Clinton county in the north of us. But I was so I'm not involved in any of this situation. Eight united seems likely the more we hear about this -- a lot of people were vaguely aware of what was going on -- no one seemed to take appropriate action at the appropriate. At a time yet at the same time we saw these huge protests. Last weekend Penn State after coach Paterno. Was fired in a lot of people in the Penn State community seem to think he's. We've been scapegoated can you explain. To all of them why exactly. Coach Paterno was -- The board of trustees. Looked -- on the information that was available. They felt they had to make a change at the university. Town so they took -- very decisive and courageous action. Do they believe and do you believe that coach Paterno failed his moral obligation here. That's a question that -- coach Paterno won't have to answer. You know willing to make a judgment. I think can we should we -- around all of the sacks in those who are involved two to have their opportunity to respond. Yesterday governor Corbett said that assistant coach. Mike McCrary. Failed his more obligation by not intervening. When he saw what was going on. In that locker room it do you understand. What happened. And why so many failed to take the action. Did you know in hindsight seems to be an obvious and and and required at the time. I have on Friday afternoon. He issued science points and my promise to Penn State and madness. I will do everything that I can to make sure that -- -- of Penn State understands not only their legal responsibility. But their moral responsibility -- -- to do the right thing the first time is -- fair to assume the -- Korea will not be returning to Penn State. Coach query has signed on administrative leave at this point. Time we have a number of legal issues that we have to consider. Have any other victims come contacted the university or come forward anyway. I'm not aware of that time many other victims have come forward at this point. But as I said before the university will make every effort to do the right thing. Finally mr. Erickson what's the most important thing you want the victims and their families to know this morning. I want him to know that time we're very concerned we're deeply concerned about them we care about them. We're going to do everything we can to make things right. And we're going to learn from this experience. This is Monday morning we have 96000. Students back with us today we're going to go forward from here -- And we're going to make this even better university. Thanks very much for your time this morning thank you charge.

This transcript has been automatically generated and may not be 100% accurate.

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