Friday, September 10, 2010

Frost-Brooks admits OEA lost major bucks..........

From John Curry, September 10, 2010

In the PSU blog, Pat Frost-Brooks admits that OEA has lost major bucks recently. Here is a quote from her letter as published in the PSU blog:
"Today, I am a trustee of a corporation whose assets were
$107 million in August of 2008 and are now around $78 million--until the
markets recover, OEA is in no position to accede to the PSU line--and all of
you know that based on your own treasurer's numbers. "
If you want to read her entire letter please click on the following link and scroll down to the third letter.
Larry KehresMount Union Collge
Division III
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