Got some push back from yesterday's post, claiming many of the questions were "too tactical"; and therefore, evidently beneath the dignity of our Board and CEO to answer - unworthy of response!
Sure hope that's not true and that the CEO "Q&A" rises well above the sketchy blah-blah-blah of the anonymice. BTW, the most frequently asked question seemed to be: "Why are we getting screwed with a 2% money market rate in a 4%+ t-bill world? "Too tactical"? Yes! Relevant? ... oh hell yes! Last time this lax-lag mistake happened $5 billion in member funds departed.
✅ There were several questions concerning the communications process - or lack there of - with the membership.
- To whom are member questions submitted and how do members know all questions are answered?
- Why am I limited to only one question in advance?
- Why won't our CEO participate in live interviews with the press? Or hold public member forums?
- Why won't our CEO hold regional open dialogue sessions with members? Or may members attend advisory board meetings to ask questions?
- Your requirement that questions be submitted with a name and address intimidates members, especially employees. Is this intentional?
- How can a group of SECU members present a resolution to the Board of Directors for consideration and response? What is the best way for members to be heard on important issues?
✔ That leadership hauteur was subsequently heightened by an internal "legal" opinion claiming SECU now requires a 300,000+ SECU member petition and a "Special Membership Meeting" to present a resolution to the SECU Board! Democracy in action at SECU?
😎 Over the last 5 years, SECU has often been "over-lawyered" and "under-led". It will be interesting to see if our new CEO will rise to the occasion... and "lead us up out of Egypt"?
