On Mar 2, 6:31 pm, Rob Harrison <robha...@gmail.com> wrote: > > • no way no how one member of a board and four of his employees can make a > decision that changes how the assets of a non-profit can be distributed. > (Only board members can do this, and it has to be at least a majority if not > unanimous.)
If you read the NY Times article, you'll see that his 4 employees were members of the Smile Train board. With 5 votes, I'm assuming he had a majority to do what he wanted. I work a lot in the non-profit world and it is not unusual for subtantial donors to stack the board in their favor. > • no way no how one member of a board can fire the Executive Director or any > other officer of the corporation. (Same reason as above.) Again, with a majority of board votes, Wang probably got the firings approved. Saying he personally fired them is probably just over dramatizing the situation, though it wouldn't surprise me if he delivered the news personally. If you consider Wang's financial troubles, and his corrupt history as CEO of Computer Associates, I'd say it's disturbing that he would come out of this merger with 2/3 of Smile Train's assets under his control in a new "non-profit". jim m wc ca -- You received this message because you are subscribed to the Google Groups "RBW Owners Bunch" group. To post to this group, send email to rbw-owners-bunch@googlegroups.com. To unsubscribe from this group, send email to rbw-owners-bunch+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/rbw-owners-bunch?hl=en.
