For the sake of this discussion, I will acknowledge your basic premis that the board is acting in WHAT THEY perceive to be our best interests.
that said, they are, imho, compounding a bad situation by creating THE APPEARANCE of covering their collective asses. The update news note in which the attorney obviously tried to deflect responsibility by saying that after the first year the audit was never even discussed and thus the error was one of OMMISSION rather than COMMISSION, was a clear statement that the attorney is working hard to save the directors from responsibility.
further, there has been NO MENTION whatsoever, about the professional responsibility of the accountants. NO MENTION of hitting their E&O policy for compensation. What has happened is that the board actually used these guys to file the back reports and I think to conduct the forensic investigation. How can you possibly go after a firm for professional malpractice if you continue to employee said firm???
Finally, I do not understand why the ED is still around. nor the assistant cfo. ..
The APPEARANCE is beginning to develop that the board is trying to isolate the assignment of fault and responsibility to the cfo. While he appears to be a truely bad guy, he was able to do whatever it was that he did because of inattention and overt actions by the board to their basic job, compounded by professionally poor work by the accountants.

A credible resolution to the mess requires the appointment of an independent master who reports to the members through the board and is truely independent.
point by point now
1. They are taking advice from "experts who have agendas that are perhaps in conflict with the membership
2. Are they also working to save themselves from potential personal liability while seking to represent the ssa?
3. Telling someone to "quite your sniping" when they raise legitimate issues is bull****. We trusted these individuals to supervise the operation and they failed to do so. Both the accountants as well as the board. It is NOT SNIPING to raise the issues of real responsibility.

4. Reading between the lines of the last note, it appears as if the board made a decision to somehow "borrow" money out of special funds to cover the immediate cash requirement. My question becomes which fund did they borrow from and under what terms? Further, i wonder if they actually had the right to divert such funds.. either under te bylaws of the ssa and/or under the endowment terms? Another poster said that contributors to an endowment that is raided might be a bit miffed.. Did the board's hole just get dug a bit deeper???





"Pat Russell" wrote in message ...

...It would have
been nice if they had shared more information on what was going on.


"It would have been NICE," you say?

The SSA leadership is not trying to be nice. They are trying to do
the right thing. They are working very hard trying to solve this
problem. They are taking financial and legal advice from experts.
They have your interests at heart.

If they had "shared more information on what was going on" earlier, it
probably would have made the problem worse. And knowing this, they
decided not to entertain you with sensitive news. They are smart
people. They are working for you.

They are motivated by their love of the sport and their sense of
responsibility. Their tangible reward for this work is zero.

Each week, after working on the real problem, and at a time when I'm
sure they'd like to take a small break, the Executive Committee
composes and publishes a remarkably complete and carefully worded
update for the membership. They aren't doing it to be nice; they are
doing it to keep you informed. They think you deserve it. I'm not so
sure.

Quit your sniping.

-Pat