Egg on the face of the STRS Board for their usual knee-jerk style of decision making! Real bright, you guys!!!

Thank you, Dennis and Craig for having BRAINS and SENSE -- too bad you were in the MINORITY that day!!! KBB

Dennis Leone to Linda Meineldt, August 1, 2007
Subject: RE: Divestment

You have asked a very good question. I voted no on the board resolution to develop a plan, but (as you might guess) it passed 8-2. I think the board now has egg on it’s face. The editorial in today’s Columbus Dispatch is exactly what I tried to tell my fellow board members. I intend to bring it again at the August 16 STRS Board meeting.

D. Leone

From Linda Meinelt, August 1, 2007
Subject: Divestment

Dennis,

From what I have been reading, it seems that Mandel's bill is shelved. Is it still necessary for STRS to divest its interests considering the negative impact on our pension funds?