From RH Jones, April 3, 2009
Subject: Fw: STRS Flashback - 5 Years Ago - Herbie gets the pink slip party...along with a $550,000 check!
To all:
To move forward, we must look back. We retired and active STRS members cannot tolerate failure of those that are supposed to represent us on the board. I wonder: Is there some way obtuse STRS board members can be impeached? We retired were, and active educators are, charged with meeting the needs of our students. The STRS board is charged with meeting our needs now and in the future. When a half-million dollars is thrown out here and there, how can the board be meeting our needs? A "buyout" is just another words for "golden parachute".
By the way, the Canton Repository is back. Having lost a great news reporter in Paul Kostyu, they now have News and Staff Reporter, Eric Norwall, of the Associated Press reporting on pension issues. The Repository ran an article on March 26 under "Moneyline" that mentioned about our OH STRS in a class action suite against Bank of America.
RHJones, retired STRS member
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