Dennis Leone re: Jim Stoll TV interview 4/16/09

From Dennis Leone, April 16, 2009
Subject: RE: TV Coverage of PBI and STRS Compensation LOCAL 12 in Cincinnati

This was an EXCELLENT, EXCELLENT news report………..and 100% accurate. It saddens me to keep seeing how STRS is convinced that our investment staff is at the bottom 25% of those in the private sector. Never mind that only the California State Teachers Retirement System pays bonuses as high as Ohio, and that to only 13 people……not 87. Has anyone noticed as I have that of the 4 states that have recently stopped bonuses (Pennsylvania, Texas, Massachusetts, and soon-to-be Missouri), their bonuses pale in comparison to the bonuses awarded at STRS.

[Link to interview: http://www.local12.com/mediacenter/local.aspx?videoid=39160@video.wkrc.com]