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Old December 20th 08, 04:48 AM posted to rec.games.chess.politics,misc.legal,rec.games.chess.misc,rec.games.chess.computer,alt.chess
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Default $350,000 bequest received by USCF

Quote:
Originally Posted by chessoffice
USCF received $350,000 today as a bequest from a
life member who passed away earlier this year. The name of the
generous deceased member and information about his chess career are
likely to be announced in about a week.

Bill Goichberg
Kindly do not blow this money on operations, which is what I
understand you plan to do.

You have to learn to live within your means.

The deceased would not have wanted his funds to be wasted in covering
your financial losses.

Sam Sloan
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Old December 20th 08, 05:18 AM posted to rec.games.chess.politics,misc.legal,rec.games.chess.misc,rec.games.chess.computer,alt.chess
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Default $350,000 bequest received by USCF

On Dec 19, 10:48*pm, samsloan wrote:

You have to learn to live within your means.


Pot. Kettle. Black.

The deceased would not have wanted his funds to be wasted in covering
your financial losses.

Sam Sloan


Exactly. Perhaps not having to defend themselves in your frivolous
lawsuits might ease that burden.

Just a thought.
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Old December 20th 08, 05:59 AM posted to rec.games.chess.politics,misc.legal,rec.games.chess.misc,rec.games.chess.computer,alt.chess
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Default $350,000 bequest received by USCF

On Dec 20, 4:48*am, samsloan wrote:

USCF received $350,000 today as a bequest


Kindly do not blow this money on operations....


What do you mean by 'operations'?
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Old December 20th 08, 09:24 AM posted to rec.games.chess.politics,misc.legal,rec.games.chess.misc,rec.games.chess.computer,alt.chess
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Default $350,000 bequest received by USCF

On Dec 20, 4:48*am, samsloan wrote:

USCF received $350,000 today as a bequest from a
life member who passed away earlier this year. *The name of the
generous deceased member and information about his chess career are
likely to be announced in about a week.


The will must have been drawn up a long long time ago, unless the
donor suffered from very severe mental problems, because donating
money to the USCF is like paying to have the Titanic's lifeboats
renamed.
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Old December 20th 08, 03:46 PM posted to rec.games.chess.politics,misc.legal,rec.games.chess.misc,rec.games.chess.computer,alt.chess
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Default $350,000 bequest received by USCF

Quote:
Originally Posted by Harry Payne
Quote:
Originally Posted by samsloan
Quote:
Originally Posted by chessoffice
USCF
received $350,000 today as a bequest from a life member who passed
away earlier this year. The name of the generous deceased member and
information about his chess career are likely to be announced in about
a week.

Bill Goichberg
Kindly do not blow this money on operations, which is what I
understand you plan to do.

You have to learn to live within your means.

The deceased would not have wanted his funds to be wasted in covering
your financial losses.

Sam Sloan
Sam,
It is being rather presumptuous of you, to state what one
who is deceased would want. Just my take on it.

Mr. Goichberg, members of the Executive Board, and the Executive
Director are the in a position to know where the funds are most
needed. And should apply them wisely. Also just my take on it.
Do you mean to say that a leopard can change his spots?

That they will spend their money wisely now that they have received
this windfall, whereas they did not spend their money wisely when they
had no money?

Will this new income make them more frugal??

Just remember that I have known them for years. You do not.

Sam Sloan


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Old December 20th 08, 07:26 PM posted to rec.games.chess.politics,misc.legal,rec.games.chess.misc,rec.games.chess.computer,alt.chess
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Default $350,000 bequest received by USCF

Quote:
Originally Posted by texasrob
I also don’t want the money to go up in smoke on
legal and general expenses, and would hope that a large portion would
go towards building a reserve. I recognize the need, but I would hope
that we can live within our means, and start building up reserves to
benefit services that will grow chess in the U.S.A.
One way to do that would be for the $350,000 to be used to pay down
the mortgage on the building.

And why not? The USCF will have to pay off the mortgage eventually
anyway.

And this way the politicians will not be able to use and lose the
money for their own purposes.

Sam Sloan
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Old December 20th 08, 08:07 PM posted to rec.games.chess.politics,misc.legal,rec.games.chess.misc,rec.games.chess.computer,alt.chess
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Default $350,000 bequest received by USCF

I think that this old guy's kindly request should go to the lawyers
who are having a great time in the USCF v whoever at the moment.
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Old January 2nd 09, 01:42 PM posted to rec.games.chess.politics,misc.legal,rec.games.chess.misc,rec.games.chess.computer,alt.chess
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Default $350,000 bequest received by USCF

I am of course thankful for the bequest by Phil LeCornu and for the
wonderful recollections by Tim Redman.

I am fairly certain that I met Phil LeCornu. At least his name is
familiar.

I am concerned about two things:

The posting on the USCF website mentions the bequest by Phil LeCornu
and another person, linking them together. Phil LeCornu should be
entitled to his own separate mention first because his bequest is so
much larger than the other one.

Secondly, I am very concerned that his bequest will be wasted. Right
now the USCF needs to take austerity measures to stop operating
losses. I can already see that the office is becoming less concerned
about finances, now that the $350,000 has arrived. Perhaps the USCF
has been rescued from bankruptcy for a bit longer, but it would be
absolutely wrong to use his money as a way to bailout the office from
the consequences of mismanagement.

Better to honor Phil LeCornu by imitating the methods that Phil
LeCornu used to make his money, rather than waste his money on more
foolish boondoggles.

Sam Sloan
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Old January 3rd 09, 12:00 AM posted to rec.games.chess.politics,misc.legal,rec.games.chess.misc,rec.games.chess.computer,alt.chess
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Default $350,000 bequest received by USCF

On Dec 20 2008, 4:24*am, Offramp wrote:

USCF received $350,000 today as a bequest from a
life member who passed away earlier this year. *The name of the
generous deceased member and information about his chess career are
likely to be announced in about a week.


The will must have been drawn up a long long time ago, unless the
donor suffered from very severe mental problems, because donating
money to the USCF is like paying to have the Titanic's lifeboats
renamed.



I always thought the Titanic should have had more
lifeboats-- enough for everyone, except maybe the
guy who crashes the ship, causing her to sink. As
for him (or whoever ordered him to drive recklessly),
let him find a piece of wood to hang onto, hoping
for rescue when dawn finally comes.

As far as the USCF receiving a 350K windfall, well,
you know what they say: fools and their money are
soon parted.


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