My response to four apparently uninformed Facebook members who questioned Yoel Mayerfeld's effectiveness on the STRS Board

Kathie Bracy, December 12, 2021

If you remember correctly, you know that the STRS staff has kept the Board under their control for years, keeping them woefully uninformed about major issues and making it impossible for the Board to make informed decisions as a result. Remember, it took the staff THREE YEARS to tell them we had even lost over half a billion dollars in our Panda Power investment. Edward Siedle has uncovered many other things they have hidden from all of us. Read his forensic audit report and many articles he has written and you will see.

Wade Steen is now in his second term on the STRS Board, having been reappointed earlier this year by the governor. If you'll recall, he was very silent during much of his first term because there was no way he could know what was really going on, either. Finally realizing things weren't adding up, he began to ask questions in the Board meetings, and has been very vocal ever since. He has tried to get the rest of the Board to see what was going on, with limited success, as certain members, falling under the spell of the STRS staff, for whatever reason, either don't understand or (more likely) don't want to know they have been kept in the dark since it's much easier just to go with the flow (the STRS staff) than it is to ask questions and think for themselves, and Do The Right Thing.

If you have been paying close attention, you would be aware that Mr. Mayerfeld, though not as vocal as Wade Steen and Rudy Fichtenbaum, has seen the light and is being highly supportive of their efforts. This is why we need to keep him on the Board. To lose him would be taking a step in the wrong direction. I don't want to see that happen, and I hope you don't, either. We need him and others like him to turn that Board around. You can help, and I hope you will. We have too much to lose if we don't retain the the best people on the Board and work to get more like them.