Tom Curtis: Questions for Mike Nehf
From Tom Curtis, June 16, 2009
Subject: 061609 Cost Reductions
Mr. Nehf,
You were recently quoted as saying in Sidney that the STRS has reduced staff size from 700 to 600. Just how many of those reductions were generated under your watch? Please be specific.
To my knowledge, the STRS has always been about business as usual, no matter what the losses totaled. The STRS investments for this decade now total over $42 billion dollars (12.3 in 2002 & 30+ in 2009), yet the investment staff and others have continued to receive millions in bonuses. Just how can you possibly justify such rewards even being considered?
Please don't tell me the board approved such, as if these bonuses did not come up for a vote through you or your predecessor, they would not have even been considered.
Thank you for a prompt reply.
Tom Curtis
STRS Stakeholder
Subject: 061609 Cost Reductions
Mr. Nehf,
You were recently quoted as saying in Sidney that the STRS has reduced staff size from 700 to 600. Just how many of those reductions were generated under your watch? Please be specific.
To my knowledge, the STRS has always been about business as usual, no matter what the losses totaled. The STRS investments for this decade now total over $42 billion dollars (12.3 in 2002 & 30+ in 2009), yet the investment staff and others have continued to receive millions in bonuses. Just how can you possibly justify such rewards even being considered?
Please don't tell me the board approved such, as if these bonuses did not come up for a vote through you or your predecessor, they would not have even been considered.
Thank you for a prompt reply.
Tom Curtis
STRS Stakeholder
posted by Kathie Bracy at 5:49 PM
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