Could Be Worse - SSA

"Jim Vincent" wrote in message
. ..
It seems to me from the latest letter that most of the effort is on focusing
the blame on the CFAO instead of the BoD. IMO, the core fault is on the Board
for not implementing the audits they were required to do, as quoted here from
a letter:

"There but by the grace of God, go I." Had I been on the BoD, given the
same information, knowledge and assumptions as the others on the board, and not
armed with the "rear view vision" that the group here at ras now is blessed
with, I might well have voted right along with them. I think the board honestly
felt at the time that skipping the audits was a reasonable risk, and now the
assumption is that they realize that they were wrong.

I thank the board for their service and hope they can get us out of this
mess.

I also respectfully look forward to a rational explanation of why our
professional ED was not on top of this a year ago. I have not yet heard even
the beginnings of one.

Vaughn