(Alliteration. Cool!)
Bottom line: Job of
BOD is to work for Shareholders, NOT against Shareholders.
Who is/are the BOD? I am told Jean Quinn 54-44 1M just resigned/quit.
Her replacement is Maggie
Seminara Warford. She is/was appointed or anointed by Ms. Schachter. (Please
correct me if I am wrong.)
Other
Board members are now; Jill
Schachter, 54-40 Apt. 5R.
Fran
Rothkin 54-40 Apt. 5F.
Barry
Nelson 54-40 2R.
Alicia Spiegel 54-44 6N.
Do they all agree with everything Ms. Schachter does and says? Do they all follow orders? (*Nuremberg defense: “We were just following orders,”) Are they allowed to speak? Why are they silent?
"Evil succeeds when good men do
nothing." – Edmund Burke, Albert Einstein, George Washington, etc. The silence of BOD members speaks for itself.
The BOD hires
Management, Legal, Auditing, Accounting and other advisors. They are all
supposed to work for you, Shareholders.
Sadly, frequently they don’t. They work for money. They work for their own self-interest. Frequently they generate expenses to enrich themselves at Shareholder expense. Who is ‘pushing’ these ‘legal’ bills?
Sadly, frequently they don’t. They work for money. They work for their own self-interest. Frequently they generate expenses to enrich themselves at Shareholder expense. Who is ‘pushing’ these ‘legal’ bills?
Management is very
important. I/we (Shareholders) want to be part of the screening and decision
process to select a new Management Company. Some of us have the experience,
expertise, knowledge and judgment to help make a good choice. The BOD actions
is evidence they need help. I/we will help.
Ms. Schachter and VE
did not respond to our calls, messages, letters, etc.
To Ms. Schachter
please contact me or post a good contact to vasc11362@aol.com or on this blog. (joel).
Sad Thing: VA
(Valerie Arms) has troubles. VA’s reputation and values are declining. Our
financial and infrastructure problems are increasing. And the internal disputes
and BOD actions are making things worse.
Hopefully, it is a
matter of good people making bad choices, not bad people doing evil.
Help wanted: We need
intelligent, emotionally stable, people with some knowledge or experience to
serve on the new Board. If you have ideas, want to volunteer or thoughts to
share or something to say, please post it on this blog.
ANNUAL MEETING + ELECTIONS coming soon.
Get a good mix of younger and older people on the board. Not every person in the Valerie Arms is 80+ years old and have different wants than those who are in the latter part of their lives. Stop turning the Valerie into an old age home. Younger people bring an investment style approach, because they may not have plans to live there forever and want to see their "shorter-term" investment maintain value, if not appreciate. Older people who plan on living at the Valerie for a long time may have a different approach to expenses, upgrades, etc. BOth opinions are noteworthy and should be considered. I think it would be healthy to get a mix of people, both in age and profession, on the board in June. Get rid of any BOD that has no vision (no pun intended) for the coop, and utilizes its power abusively. Misinforming (if informing at all) the shareholders, using board minutes to single out shareholders publicly, and using an annual meeting to degrade shareholders is just very unprofessional, and not fitting for people who have the ability to make decisions regarding multiple people's investments. NEW BOARD! NEW DIRECTION FOR VALERIE!
ReplyDeleteJoel,
ReplyDeleteIf you get a response from Jill Schachter that is anything other than a lecture on how you are never to bother her again, you will be the first.
26 shareholders submitted 17 pages of questions about our finances and have been ignored.
Many if us have attempted to find out how much of our money Jill is spending paying Andrew Bailey -- the Super Lawyer; but none of us has gotten a response. (He must charge us $500 an hour since he needs to raise money to pay to be listed as a Super Lawyer).
Shareholders have attempted to ask Jill about discolored water and been verbally abused for interfering with her privacy.
One of the lawyers who lives in the building used her work email address was she responded with a threat to complain to the Bar Association.
But, if she happens to respond to you, please ask Jill why she tried to deceive shareholders and pretend that it was her idea to improve our laundry rooms. Doesn't she think we are entitled to know that this work was required because of two ECB Violations?
MAYBE SOMEONE SHOULD CALL UP MACY'S AND TELL THEM THE TROUBLE SHE IS CAUSING. ALLOWING SOMEONE TO LOOSE THEIR JOB, CALLING THE POLICE AND REPORTING A SHAREHOLDER, THREATENING TO FINE A SHAREHOLDER FOR YELLING AT A SECURITY GUARD AND NOT HAVING A PARKING TAG, INTERFERING WITH THE TRANSACTION OF TWO SHAREHOLDER'S AGREEMENT TO RENT A PARKING SPOT, INTIMIDATING PEOPLE TO BE FLOOR MONITORS WHO DONT WANT TO BUT ARE AFRAID OF HER WRATH, THREATENING TO CALL THE BAR ASSOCIATION ON SOMEONE WHO USED HER EMAIL, SCREAMING AT A SHAREHOLDER WHO SIMPLY SAID HELLO, INTIMIDATING PEOPLE TO GIVE MONEY TO A CORRUPT SUPER'S MEMORIAL, ALLOWING THAT SUPER'S WIFE TO STAY IN THE APT WHEN IT SHPOULD BE RENTED TO A NEW SUPERINTENDANT, ALLOWING JIMMY'S SON TO BE EMPLOYED WHEN HE HAS NO CREDENTIALS, GETTING HER FRIENDS PARKING SPOTS BY PUTTING UP NEW PARKING RULES, COVERING UP FOR VISION & GETTING THEIR PROXIES BECAUSE THE FATHER OF HER CHILD IS EMPLOYED BY THEM, TELLING SHAREHOLDERS OFF FOR CALLING HER OR KNOCKING ON HER DOOR, THE LIST GOES ON AND ON AND ON. IT'S TIME MACY'S GOT SOME ANONYMOUS LETTERS ABOUT HER. AND ANOTHER THING, I SPOKE TO A SHAREHOLDER WHOSE APT, IS UP FOR SALE (BECAUSE OF HER AND HER DRAMA) AND HE SAID IF JILL SCHACHTER GETS RE-ELECTED AFTER HE SELLS, HE WILL MAKE SURE EVERY REAL ESTATE AGENT, EVERY BLOG, NEWSPAPER, GOV'T OFFICIAL ETC, KNOW HOW CORRUPT VISION IS AND HOW POORLY RUN THIS BLDG IS. HE WILL SMEAR JILL'S NAME ACROSS THE BOROUGH!
ReplyDeleteI saw the 17 page letter that was sent to Jill Schachter and her Board in January. How can refuse to respond to a letter like that and claim to be working for shareholders? Is it even legal to ignore shareholders who ask for that information (can one of the lawyers help us here????)
ReplyDeleteAnd when we go to the shareholder meeting, does the Board have to tell us what is happening with our money at the time of the meeting? Can Alicia Spiegel refuse to tell us how much of our money Jill has spent since January? Can Alicia refuse to tell us how much money is in the reserve fund today, or where she and Jill plan on getting the money to pay for the pool, bathroom renovation, local law 11 work, fixing the retaining wall and taking care of everything else that is wrong at the Valerie?
Marc Ullman got rid of Vision Management for us -- we the Shareholders need to get rid of Jill and her Board.
Jean Quinn did resign/quit. Her replacement was selected by Jill and the other people Jill had appointed to the Board. That makes 5 Directors who have resigned in less than a year since Peter Mesos voted Jill on.
ReplyDeleteWhen will we start hearing the excuses from Jill? When will she start explaining to us that she had nothing to do with all of these people quitting?
We are sick of Jill's "people are picking on me, vote for me because you feel sorry for me" routine. She was pushing that crap on senior citizens all weekend while she was sitting in the lobby with the letter to Mayor Bloomberg that she thinks will make us forget that she couldn't be bothered to tell us about the real estate Town Hall in North Shore Towers last month.
I don't care about Jill or any of the other personal BS we have been subjected to. I care that my investment being run by a bunch of clowns who are more worried about protecting Peter Mesos and his reputation than they are about taking care our property.
We need an entire new Board that understands they are running a business with a multi million dollar budget and won't lose sight of their jobs in order to pursue petty personal vendettas.