What happens when someone who is unformed gets their 'info' from someone else who is uninformed; this person presents NO facts or research

From John Curry, October 23, 2008
Subject: Ms. Weeks, Rube Goldberg would be proud!

Rube Goldberg invention (click to enlarge)

From Molly Janczyk, October 22, 2008
Subject: STRS board

Don't you love it? It is those complaining who are responsible for HB315 not being popular with school boards; NOT STRS' ACTIONS! Gee, guess no one would know what goes on at STRS if it wasn't for us pesky complainers. Guess the Ohio Retirement Study Council (ORSC) who oversees the pension systems would miss all this even though we have to report to them with budgets. What the legislators and school boards would have noticed FAVORABLY is STRS cutting back and being sensitive to its shareholders in this yet another crisis we face. But, once again, it is OUR fault that OUR retirement system chose the lavish use OUR money during times that warrant frugal thoughtful and prudent (in the ORC: PRUDENT, I believe) use of funds SOLELY ON BEHALF OF ITS MEMBERSHIP. In times like this , the membership can't swallow extravagance when we face untenable costs. Looks like the same 'ol spending style approved by the same 'ol mindset to me at STRS.

From Molly Janczyk, October 22, 2008
Subject: RE: STRS board

This email below about folks complaining is from Ruth Weeks, OEA loyalist and member of Fairview Park RTA which is very resistant to outside thinking, in my opinion, having talked with them for several years. The fact is that this will only show legislators that STRS IS not being mindful of their money, Ruth, during difficult times. It isn't like we are telling them something unknown.

Dennis Leone to Ruth Weeks, October 22, 2008
Subject: RE: FW: STRS board

You are right. STRS is one of the best retirement systems in the nation. It won’t be, however, if the STRS Board continues to give out enormous bonus checks to staff right after we drop $25 billion in assets in just 12 months. If it happens again over the next 12 months, you better worry about whether you’ll receive your same pension check. We’ve dropped 31.25% of our total value, and you best believe me when I tell you that we cannot drop another 31.25%. It plainly was unwise and unnecessary for the board to vote on bonus checks for fiscal year 2009 this past March, right after we dropped $8 billion in assets over the previous 4 months, and 3-4 months BEFORE the end of fiscal year 2008 (when we dropped another $2 billion). Yes, HB 315 is affected, but not for the reasons you think.

Dennis Leone

From Ruth Weeks
Subject: Re: FW: STRS board

You people who complain about the STRS are cutting off your noses to spite your faces. When I approached a school board member to try to convince him to give HB 315 a chance, he countered with the fact that if STRS were better managed we wouldn't need a dedicated stream to pay for our health care. Apparently he had heard some of your comments complaining about mismanagement. STRS is one of the best retirement systems in the nation.