Bev Rice and Molly Janczyk re: Dennis Leone's report

From Molly Janczyk, November 22, 2008
Subject: RE: : Dennis Leone: My Report -- STRS Board Meeting on 11-20-08

And hey! Let's put the one who firmly believes ALL STRS says in charge of the committee considering changes for bonus PBI program! As Tom Mooney said: "What do you expect them to say?" Didn't change Cervantes or Chapman, though. Seems Cervantes thinks she is supposed to obey what they say cause as it is reported she said: 'They are the 'experts' put in place to tell them what to do.'

From Bev Rice, November 22, 2008
Subject: Re: : Dennis Leone: My Report -- STRS Board Meeting on 11-20-08

Dennis,

I just read your report concerning the bonuses. I am very disturbed about the condition of our pension fund. It's hard to believe this is all happening. Greed is a terrible thing. I wonder why the majority of the active members of the board don't seem to be alarmed about giving so much of our money to these investment people. One would think that they would be seriously concerned about whether there will be anything left for their retirement. Their confidence in what the consultant advised them to do is amazing. Again, thank you Dennis for fighting for the future pensions of all active and retired teachers. Where would we be without your representation. Keep up your efforts to get rid of this "Wall Street" mentality at STRS!

Bev Rice
Clark County Retired