Wednesday, July 21, 2010

So now he wants retirees' votes?

From John Curry, July 21, 2010

Josh Mandel is now running for Ohio Treasurer. Do you remember Josh Mandel? I do. This might help refresh your memory with a "flashback" from Kathie's blog from two years ago. Does he deserve your vote after doing to our retirement system, as well as the other Ohio retirement systems, what his divestiture stance did?
Please remember to forget Josh Mandel at election time!
John
P.S. I know, Kevin Boyce (current Ohio Treasurer) drug his feet a long time before appointing an STRS board member but.....he didn't cost our retirement system millions by kowtowing us into divestiture!
A MANDEL "FLASHBACK"
From John Curry, July 3, 2008
Subject: Josh Mandel "taking the high road?" You be the judge!
Retirees, remember the guy who rammed divestment down our throats with the threat of passing a mandatory divestment law (HB 151) that only affected Ohio public retirement systems and not banks, brokerage houses, investment houses, and private individuals? You know...divestment was the right thing to do with our monies but not with anyone else's? Remember how Ohio's 5 pension executive directors cowed (under pressure) to House Speaker Husted and signed onto an agreement of divestiture without the approval of at least one board (the STRS Board) before doing such? Well, apparently the godfather of Ohio's divestment is traveling the globe and some of his backers are taking the "poor mouth" route! Will we be hearing more out of Mandel in the future? I think so...let's hope, if we do, that he only travels the "high road!" John
...from Jill Zimon's blog (Writes Like She Talks) www.writeslikeshetalks.com
Josh Mandel faces “tough odds”? Needs $400,000 to win 17th? Who knew.
Posted By Jill Miller Zimon On July 3, 2008
Huge sigh.
First, less than two weeks ago, I came across a local news item in which a clergyperson stated the belief that [1] Ohio State Rep. Josh Mandel (R, Lyndhurst, 17th), had succeeded in passing legislation that would force certain Ohio pension plans to divest from investments in companies with ties to Iran or Sudan.
No such legislation passed, no such law exists. The pensions signed a voluntary agreement and, from what we know, continue to work on plans that would be in compliance with that written agreement. However, no Ohio law was ever passed requiring them to divest.
I contacted Rep. Mandel and I contacted the news outlet. The news outlet issued a correction (it had previously reported on the fact that the bill was getting tabled) and Josh and I had a lengthy conversation about the situation.
(Click here to read entire post.)
Note from John...and now, has Josh Mandel actually invested in those "forbidden companies" that he forced our divestment from? Here's what the Dayton Daily News has to say:

Larry KehresMount Union Collge
Division III
web page counter
Vermont Teddy Bear Company