Jim Stoll: A judgement

From Jim Stoll, September 23, 2009
Subject: Re: Fw: Bob Stein: PBI Vote

To: All From: Jim Stoll

Re: Bob Stein's Vote on PBI

Since Molly won't pass judgement I certainly will. In my opinion Bob's vote was a travesty for all STRS Members and another example of the status quo of entitlement at STRS.

How about making a statement and support the "members" who ELECTED you. His vote is a total lack of leadership. Who told Mr. Stein that STRS investment staffers would have grounds to sue and be successful? Probably an STRS staffer himself, in legal counsel Bill Neville?

Did Mr. Stein take the time to lay out the facts to independent lawyers or some retired judges and get their opinion. I think not! If he had, he would have been told that according to Board Policies, the investment staff, if the Bonuses were terminated or rescinded, don't have the law on their side. (I for one, would have welcomed a legal challenge from the staff - that would have shown their true color of greed.)

This is simply an extreme disappointment and I trust all current and future retirees will ALWAYS remember this vote. Mr. Stein, regardless of your explanation - and Trust me - your FEAR of a lawsuit doesn't fly out here with the members - you have disappointed us all, BUT even worse, you have lost our vote.

Jim Stoll
Director of Athletics
Sycamore H.S.
Cincinnati, Ohio 45242