RH Jones: Thank you Craig Brooks and Jim McGreevy

From RH Jones, September 18, 2009
Subject: Thanks for voting correctly

Dear Craig Brooks and Jim McGreevy,

Thank you both for doing the right thing by voting against the ill advised PBIs. This money would have helped us compound OH STRS funding in the best interests of it's members as mentioned in the ORC 3307.15.

The gigantic losses which our STRS has unwisely sustained should not have been awarded. The investment staff have access to the Stock Market even before it opens to the public! Greedy Washington politicians are already looking at doing away with this advantage! Now, they will have even more reason to oppose us. How short sighted the rest of the board has been. With this lucrative reward, the STRS investment employees need to wake up at their desks and perform. At least, they should now volunteer to work extra hours to reward this massive generosity!

This is my opinion,

Robert Hudson Jones, retired teacher STRS member
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Kathie & John,
One thing that I forget to mention in the “Thanks for voting correctly” to Craig Brooks and Jim McGreevy is: The various State Teachers Investment Groups DO NOT PAY BROKER FEES NOR DO THEY PAY TO SELL as individual stock holders do. And even with this advantage they lost money – to award such losses is “beyond the pale” once again -- I said this before in the year 2000.
Bob