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| Tags: 500, candidates, final, finalize, sam, sloans, statement, tomorrow, words |
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#1
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Sam Sloan's 500 Words Candidates Statement (This is not final. I will
finalize it tomorrow.) The USCF was founded in 1939. For 60 long years, the federation struggled, often on the brink of collapse. Finally, however, the USCF reached its peak in 1999. In that year, it had $6.5 million in sales, more than 90,000 members and a reserve of $2 million. At that point, the federation insiders decided that their long wait had come to an end and now was the time to put their hot hands directly on the money. They changed the name of their body from the Policy Board to the Executive Board and they stopped confining themselves to policy decisions and instead started to manage the day-to-day affairs of the corporation. On a flimsy pretext, they filed the professional manager who had been running the corporation and replaced him with their flunky. The result? Sales dropped like a stone. Services were drastically cut. Adult members fled. By year end 2002, sales had dropped from $ 6.5 million to $.4.5 million and more than one million dollars had been lost. Then, for one brief shining moment, a new group came in, determined to reinvigorate the books and equipment business, which accounted for a majority of the sales. B&E sales increased from $1.8 million to $2.8 million in just one year and the USCF was on the road to financial recovery. That is until a new group was elected in August 2003, led by a vindictive former employee. In their first day in office, 17 staff members were ordered to be fired and the new plan was to "1. Get Rid of the Books & Equipment Business" which was the very business which had brought most of the revenues and profits to the USCF. All services were cut or reduced. The explanation offered by the new president was: "We need to drive away the people who has been milking the USCF for many years." Drive away which people? What money? What years? The new president writes: "Since August our Board has been demonstrating a hands-on approach." This is the problem, not the solution. Our LMA Bank Account, which in 1999 held more than one million dollars in cash and equivalent, is now down to ten dollars!!! The solution. The Executive Board, which consists entirely of volunteers who have never run a business themselves, needs to go back to volunteering and to stop trying to run a corporation which they have no capability or competence to run. We need to return the management of the USCF to serious business people who know how to run a business. Sam Sloan P.S. Sorry for the bad news. |
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#2
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... they filed the professional manager ...
_ Where did they file him? |
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#3
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"Louis Blair" wrote in message senet.com... ... they filed the professional manager ... _ Where did they file him? LOL |
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#4
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On Sat, 01 May 2004 17:32:55 GMT, Louis Blair
wrote: ... they filed the professional manager ... _ Where did they file him? Thank you so very much for pointing out this error. This almost made it into Chess Life, but thanks to you I caught it just in time. Sam Sloan |
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