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| Tags: channings, joel, retirement, world |
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issue. I brought it up at my first meeting of the board after I had been elected, which was on August 14, 2006. At every one of the five meetings I attended as a member of the board, I raised this issue. I was always promised copies of the documents pertaining to the pension/ profit sharing plan but I never received even one single document, except that the day before my last meeting as a board member I received a small envelope of documents, all of which turned out to be printouts of material previously posted on the Internet. Also, although I support Donna's investigation, I am on the opposite side of her in some respects because I have yet to see any proof that we even have or had a pension or priofit sharing plan. Where are the documents setting up the plan? Where are the documents showing who gets the money and where the money is supposed to come from? Do these documents exist, or were they deposited in the landfill? While I was on the board the USCF made two payments of about $23,000 each to former employees. I had been informed that one of these former employees was not entitled to anything because the person had been fired before the five year vesting period was up. Why was not this investigated? Are we such a sloppy organization that we just go around paying $23,000 to anybody who requests it? No wonder we lost two million dollars. Sam Sloan |
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