Judi (no last name) and Nancy Hamant: Replace Damon

From Nancy Hamant
December 8, 2005

Call for Damon Asbury to be replaced. His contract is coming up for review sometime in 2006.

Remember,Dr. Asbury, was hired by the incumbent (Dyer era) STRS Board without a state or national search for the best possible candidate. After Dyer was "censured" by the Ohio Legislature and forced to resign, the STRS Board went on record stating that a national search would be conducted for STRS Executive Director. Which the STRS Board did not do, saying they were saving the "cost" of a national search.

STRS needs a strong leader whose education is in investments, whose ethics respect STRS's members and keeps ORC and fiduciary responsibilities as his/her main goal, whose interaction with employees is fair and equitable but does not promote a climate of entitlement.


From: Judi
Wednesday, December 07, 2005
Subject: Replace Damon

Until we have a new man in charge who has our best interests at heart, nothing will change! It is apparent that the staff feeds the material to the Board and the CEO (who I personally think is involved) and the staff is running the show. I find it unbelievable that real estate can be put in partnerships with no mention of our STRS as owner and nothing is being done. I don't care about the explanation! Until we have someone at the top who can get into this information personally, we are dead in the water!