Yah, the NYTimes article was enlightening. Thanks Joan, for that link. What a mess! I stand corrected.
Rob in Seattle On Mar 2, 2011, at 7:57 PM, Jim M. wrote: > 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.
