From another STRS stakeholder re: HB 177

From Joseph Lynch, June 8, 2009
Subject: Re: Fw: from Dr. Leone..."there is is again, that dreaded term "value added"..."unbelievable"

Let me clear this up. 1. Where is the best and brightest going to work at this time in investment banking?. Lehman Brothers, AIG, Merrill Lynch, Cal Pers, Cincinnati Retirement System, and all banks taking federal handouts? There is no competition for their (STRS Employees) services anymore. If STRS employees want to find greener pastures be advised that they are no longer there. 2. If money is the only incentive to keep these employees motivated they need to take a hike. The STRS employees are employed to make the STRS Retirement System the most solvent for STRS members and retirees. They have failed based on their losses. If STRS employees are only interested in their own greed and feathering their own nest we do not want them. They are not loyal to STRS but to their own interests. No one goes into public service to become rich on the taxpayer. What is going on with the lack of values and leadership from the board?