So the folder pane problem only occurs in the latest and greatest release of Outlook - 15.11. To get downgraded to 15.10, and not have any issues:
1. Download Outlook update here: https://support.microsoft.com/en-us/kb/3048682
2. Remove Outlook from your Application folder.
3. Install downloaded Outlook update (from step 1)
4. ???
5. Profit!
1. Download Outlook update here: https://support.microsoft.com/en-us/kb/3048682
2. Remove Outlook from your Application folder.
3. Install downloaded Outlook update (from step 1)
4. ???
5. Profit!