Busy Busy and still covering up

Goings on LWV Issue 19 October 2009

Bob Hatch has decided along with the help of that Corporate Oracle, Kathryn Freshley, that a new incentive plan should be put in place for PCM. The fox is ripping apart the hen house. Even Linda Wilson admitted the board members are hardly experts according to the newspaper report.

Okay, folks, a couple little questions. First and foremost is how do you even dare broach this kind of thing when there hasn’t even been an accounting for the debacle which is acknowledged to be $5.4MILLION and may be as much as $13Million? Are you stone deaf or brain dead? Do you not realize that this year alone the employees got a raise in salary. There are more companies nationwide that not only didn’t give bonus/incentives but there were no increases than there were increases at PCM. The population here is made up of primarily people who are retired and living on a fairly fixed income. EVEN SOCIAL SECURITY isn’t giving COLA increases.
What is the matter with both of you? How DARE you?

What do you think it meant when the management fee increased exponentially last year? Didn’t you believe Milt when he stated that if the credit cards and incentive were cut off we’d pay for it one way or another? What do you think that HUGE increase was? And now you are going to give them even MORE? What is the matter with you?

Hatch’s favorite line is to say, let’s just do it and if it’s illegal we’ll fix it later. Well, Hatch, it may be legal to do but it sure as heck by no measure known under the sun is right. Where are your ethics? Don’t even try to answer because you are, after all, on the GRF board.

What part of this being a Non-profit don’t you people get? Freshley is apparently the all fired corporate genius of all time since she worked for one multi-divisional corporation and now advises small businesses for her livelihood. But, Kathryn, which of these is a non-profit and where did you learn about just shoveling money by the trunk load without any kind of accountability to a management team that threatens the boards they work for? Where did you learn that that was in any way acceptable? When did issuing ultimata to boards of directors become acceptable behavior on the part of a vendor? When did it become acceptable for the vendor to tell the contracting board what to do?

Did Milt and his executive staff and his masters, the Disbros and Olsen, tell Hatch and Freshley that they demanded more money for incentives on top of a 53.33% management fee increase? So now we’re going to pay twice for the same “incentive”? Did they finally decide to tell the people who are paying that money out of their fixed incomes where the money goes and how it is spent? Even Hatch, who hasn’t been in business for a rather impressive number of years and at that was apparently a real estate appraiser and not the CFO of a fortune 100 company, said about PCM “legally they are not our employees, but from a practical standpoint they are; they perform services solely for us.”

Why don’t you quit fooling around and hand waving to try to make the real issue of the huge amounts of money simply taken by PCM disappear? We are not going to forget about it. We want accountability NOW. Why are you are trying to make it appear that the secret incentive plan was the same as other, smaller, more reasonable and non-executive staff awarded plans. It wasn’t. It isn’t. It isn’t going away.
The only answer to this entire problem is to FIRE PCM and DISSOLVE GRF.