Go Fish

  • Posted: August 18, 2014

go fishOur Treasurer, who’s not attended a single Board meeting since March, has resigned! Uh Oh!

And if that’s not bad enough… the Board’s responded by playing “Go Fish.” Arrgh.

First, what did we lose? We had a credential-ed and significantly experienced pro. Michael Fish, C.P.A., is a principal at CF Capital Partners. His firm provides asset advisory, management, restructuring and consulting services to the condominium development and housing industry. He is the former Chief Operating Officer for American Invsco, the nation’s largest condominium developer. Prior to that Mike was Chief Accounting Officer for Pritzker & Pritzker and prior to that was Vice President of Accounting for VMS Realty Partners.

To quote his candidate form, Mike “currently serves on five condominium boards three of which are located in downtown Chicago.” He has more than 30 years experience in real estate with the last 20 being focused on condominiums.

So now what? Let’s first qualify the position. According to our By-Laws Article III Section 1 (d): “The Treasurer shall be responsible for Association funds and securities and for keeping full and accurate account of all receipts and disbursements in Association books of account kept for such purpose.”

Regrettably, no one on the Board has that kind of experience. Spilt milk but it needs to be said, we did have other qualified candidates in our last election in April.

So we play “Go Fish.” For those unawares, it is the children’s card game. The player whose turn it is to play asks another player for his or her cards of a particular rank. For example, Alice may ask, “Bob, do you have any threes?” Alice must have at least one card of the rank she requested. Bob must hand over all cards of that rank if possible. If he has none, Alice is told to “go fish,”

At the Board Meeting last Thursday, in a move lacking even the slightest bit of thought or deliberation, Glen Green nominated newly-elected board member Diana Shay. The move was so obviously pre-rehearsed.

So, let’s review her qualification. Let alone as it relates to the position of Treasurer, her qualifications have been milazzoed.

Milazzo 4/10: Diana Shay has lived in our building for over 11 years.
Shay 3/12: Owned since February 2012.
(BUNKUM RATING: 2 Milazzos)

Milazzo 4/10: Diana attended Loyola University of Chicago, where she acquired a degree in business management.
Shay 3/12: Bachelors Degree in Business Administration in Marketing.
(BUNKUM RATING: 1 Milazzo)

Milazzo 4/10: She’s currently the vice-president of a financial services firm.
Shay 3/12: Assistant VP at a recruiting firm.
Per Linkedin, Diana “supports the firm’s temporary, temp-to-hire and professional recruiting practices, managing the fulfillment of positions.” English translation: she’s a headhunter.
(BUNKUM RATING: 4 Milazzos)

Milazzo 4/10: Diana has a very good understanding of the major issues concerning our Association.
Shay 3/12: I’ve met with a few board members and have read the meeting minutes.
(BUNKUM RATING: 3 Milazzos)

On a good note… on 4/10 Milazzo said that “her experience managing and interacting with others in a cooperative manner will be a great asset to our Board.” That’s apparently worked out. Over the weekend Milazzo and Ms. Shay-Stebbins were seen walking hand-in-hand.

Good Lord.

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EDITOR’S NOTE: The above “Bunkum Rating” is inspired by The Washington Post Fact Checker.

4 Comments

  1. Lisa · August 19, 2014 Reply

    Can you explain the Milazzo rating? What is it exactly? I understand that it is some sort of lie meter.

    And what is the scale? 4 out of 4? 4 out of 10?

    Milazzo said last fall that our debt will be paid by 2015.

    And now he says by the end of 2016. How many Milazzos is that?

  2. Lisa · August 19, 2014 Reply

    Was Glen Green on the phone (AGAIN) when he nominated Diana Shay?

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