✅ Sent: Thursday, August 24, 2023 8:33 AM
To: Board Corporate Secretary <Board.Corporate.Secretary@
Cc: CHARLES STONE <otherchuckstone@aol.com>; Michael Clements <mlconsulting2684@gmail.com>
Subject: Election facilitator
Good morning,
In anticipation of being included, by completing the self nomination process, on the ballot for the Board of Directors for NC SECU tomorrow, we would like to contact the named election facilitator for questions concerning the election process, rules and requirements.
On behalf of Chuck Stone, Michael Clements and myself, can you please provide us with the name of the lead person of this group from Ernst & Young and their contact information? We would like to set up a meeting with them next week in order for us to be prepared for the election process beginning on Friday, September 1st.
Thank you,
Barbara Perkins
Dear Ms. Perkins,
Thank you for your participation in the 2023 SECU Board of Directors Election. You validly self-nominated for this year’s election, and your name has been placed on the ballot for the upcoming election....
As SECU has announced, SECU has engaged Ernst & Young LLP to host an online voting platform for both absentee and day of annual meeting voting, processing paper ballots, and tabulating the votes received from eligible members. EY’s scope of work does not include advising or meeting with any candidates, whether nominated by the committee or self-nominated, on the election process, rules or requirements.
Thank you,
"This Board"
✒ "This Board": Why are you asking?
😎 Perkins/Clements/Stone: We want to play fair.
✒ "This Board": Why don't you know the rules?
😎 Perkins/Clements/Stone: How did you find out?
✒ "This Board": We made them up.
😎 Perkins/Clement/Stone: Why won't you let us know?
✒ "This Board": Don't worry we will when you mess up.
.... Well, maybe not exactly transparent, but definitely pretty clear!
Election process isn't clear to any member. Is it private, anonymous or not? confidential? haha
ReplyDeleteClements, Perkins and Stone need to be heard. Start a social media campaign. Who knows what the current Board will be doing the next month to get folks to vote for their 3.
ReplyDeleteThis Board already has one going on State Employees' Credit Union facebook page. "We are SECU" Unfair advantage? But then again, maybe not. As with every other thing these clowns have attempted over the past two years, it will probably backfire on them. And if they start deleting comments made by those Members "Who really are SECU". Stay tuned.
DeleteThis may be a blessing for these new board members, least they think this is friendly competition. The sharpened swords have been drawn by the incumbents!
ReplyDeleteIf you make the right decision even when it's hard you will be blessed. There is no right way to make a wrong decision!
Let's not reelect the indumbents!
ReplyDeleteRules to the game: Expect the unexpected! They will move the goal posts even after the game is over! They receive counsel from the dark side never thinking that it will lead to misery and heartache (unexpected outcome)! Trust in the counsel of truth, it will never fail you (expected outcome promised) ...
ReplyDelete"Once a Member, Always a Member"
ReplyDelete"Affirming SECU’s existing position, members who transition out of the field of membership will automatically maintain their membership in the Credit Union. With this “once a member, always a member” policy, we are able to preserve the community and connection that SECU offers, regardless of any changes in members’ circumstances."
This means ole Gym has a vote (think he's had a change of heart?) ... and those who have passed on will be able to vote (think AI)... you think I'm kidding? Who runs the show? "They" have no problem fudging the balance sheet ... again no right way to do the wrong thing ...
Squid Games : "You are allowed to move forward when ‘it’ shouts out, ‘Green Light’ stop when ‘it’ shouts ‘Red Light.’ If your movement is detected afterward, you will be eliminated”
ReplyDeleteThe BOD's need to surrender their childish ways and become grownups!
ReplyDelete“Honesty is a very expensive gift, Don't expect it from cheap people.”
ReplyDelete― Warren Buffett
Here this common sense lesson comes at no charge, just in case these board members and C-suite executives need to update their financial education (maybe bring back the modules), well here goes ...
ReplyDelete“Rule No. 1 : Never lose money.
Rule No. 2 : Never forget Rule No. 1.”
― Warren Buffett
BTW this module will only be required to be taken by the BOD and executives since the foot soldiers already understand this concept ...
DeleteOh and don't stay up all night thinking there will trick questions (something you've been accustomed to writing) it'll be a straight true / false answer ... now sharpen your pencils ....
DeleteOk class, got your pencils sharpened?
DeleteNow no peeking at your neighbors paper ...
Here we go ... question #1 ... True or False ...
You have fiduciary responsibility for a $49 billion dollar organization and you need to come up with $1.5 billion to cook the books...
It would be OK to borrow $1.5 billion at 5.55% rather than simply writing a check against your $16+ billion in investments earning 2.35%.
True or False?
OK class times' up, put down your pencils ...
Deletenow let's go over question #1 ...
"It would be OK to borrow $1.5 billion at 5.55% rather than simply writing a check against your $16+ billion in investments earning 2.35%. " ...
True or False?
Well I see that 11 board members think this is okay or TRUE, and apparently the CEO and several other C-suite executives agree ...
Well I'm sorry boys and girls you have failed this test and now you must be asked to step aside and let the adults who have the integrity to lead this organization. to it's formal glory However not all is lost as you can continue to practice your deceiving ways at the other boards you are members of, you just can't stay here ... Bless your heart!