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Turns out the August 2003 crisis was not a crisis
Everyone has heard the story: Beatriz Marinello was elected USCF
President on August 11, 2003 in Los Angeles. Immediately after she
took office, she found out that the USCF had no money in the bank,
zero. The USCF did not even have the money to pay the guaranteed
prizes at the just concluded US Open in Los Angeles.
Therefore, on August 20, 2003, bravely Beatriz walked into the USCF
Offices in New Windsor and immediately fired 17 staff members. John
McCrary resigned from the board as a result.
http://www.uschess.org/org/govern/August11-2003USCFEBMinutes-Final.html
http://www.uschess.org/org/govern/eb082203m.html
Of course, it was just a pure coincidence that the 17 people Beatriz
fired were the people she had grown to dislike during the year that
she worked for the USCF in 1999-2000.
It took six weeks before the USCF paid the guaranteed prizes the prize
winners had won at the US Open.
I have just found out something that insiders had known for a long
time. The USCF did not have zero money in the bank. It had $85,000 in
another bank account that nobody knew about. This was not due to any
malfeasance. The office accountant for the USCF had set up a separate
bank account and had put the entry fees from the US Open into that
account. Nobody knew about that separate bank account, except for the
accountant herself.
When this was discovered, the accountant explained that she was
planning to keep the money in that account until the tournament was
closed out. Perhaps the accountant was following a procedure followed
by the USCF for scholastic tournaments. At scholastic tournaments, no
cash prizes are paid. However, in adult tournaments, the players
expect to receive their prizes, and to receive them immediately.
For this act of stupidity which had caused a grave crisis in the USCF,
the accountant was immediately fired.
Had the existence of this $85,000 in a secret bank account been known,
it would not have been necessary to fire those 17 people right away.
Perhaps in the long run it was a good thing to fire them, but it might
not have been a good idea to fire them all abruptly, in the same day.
Sam Sloan
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There is a crisis, there is no crisis, we lost millions we didn't loose
millions.
Are you related to Dan Rather?
--
Tom Klem
"The Elephant in the Living Room of USCF politics, is unabated hatred and
bigotry."
Turns out the August 2003 crisis was not a crisis
Everyone has heard the story: Beatriz Marinello was elected USCF
President on August 11, 2003 in Los Angeles. Immediately after she
took office, she found out that the USCF had no money in the bank,
zero. The USCF did not even have the money to pay the guaranteed
prizes at the just concluded US Open in Los Angeles.
Therefore, on August 20, 2003, bravely Beatriz walked into the USCF
Offices in New Windsor and immediately fired 17 staff members. John
McCrary resigned from the board as a result.
http://www.uschess.org/org/govern/August11-2003USCFEBMinutes-Final.html
http://www.uschess.org/org/govern/eb082203m.html
Of course, it was just a pure coincidence that the 17 people Beatriz
fired were the people she had grown to dislike during the year that
she worked for the USCF in 1999-2000.
It took six weeks before the USCF paid the guaranteed prizes the prize
winners had won at the US Open.
I have just found out something that insiders had known for a long
time. The USCF did not have zero money in the bank. It had $85,000 in
another bank account that nobody knew about. This was not due to any
malfeasance. The office accountant for the USCF had set up a separate
bank account and had put the entry fees from the US Open into that
account. Nobody knew about that separate bank account, except for the
accountant herself.
When this was discovered, the accountant explained that she was
planning to keep the money in that account until the tournament was
closed out. Perhaps the accountant was following a procedure followed
by the USCF for scholastic tournaments. At scholastic tournaments, no
cash prizes are paid. However, in adult tournaments, the players
expect to receive their prizes, and to receive them immediately.
For this act of stupidity which had caused a grave crisis in the USCF,
the accountant was immediately fired.
Had the existence of this $85,000 in a secret bank account been known,
it would not have been necessary to fire those 17 people right away.
Perhaps in the long run it was a good thing to fire them, but it might
not have been a good idea to fire them all abruptly, in the same day.
Sam Sloan
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Turns out the August 2003 crisis was not a crisis
Everyone has heard the story: Beatriz Marinello was elected USCF
President on August 11, 2003 in Los Angeles. Immediately after she
took office, she found out that the USCF had no money in the bank,
zero. The USCF did not even have the money to pay the guaranteed
prizes at the just concluded US Open in Los Angeles.
Therefore, on August 20, 2003, bravely Beatriz walked into the USCF
Offices in New Windsor and immediately fired 17 staff members. John
McCrary resigned from the board as a result.
Bullcrap. He was embarassed by how Niro misled him into thinking there would
be a surplus. He was asked to wait until after the LA meeting was over
before resigning.
Had the existence of this $85,000 in a secret bank account been known,
it would not have been necessary to fire those 17 people right away.
Perhaps in the long run it was a good thing to fire them, but it might
not have been a good idea to fire them all abruptly, in the same day.
Right, we shoulda pissed another 85,000 away before we stopped the red ink.
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How is it that this accounting person was able to open a corporate
account without a corporate resolution and without the signature(s) of
a corporate officer?
I doubt that McCrary resigned because 17 people were terminated.
Perhaps the $315K surprise loss when a profit had been declared had
something to do with it.
$85,000 probably would have been enought to meet the next payroll and
the Open prize money, what about the payroll after that and the one
after that. Perhaps you should stop trying to place blame and look
past just today and tomorrow. What was done was as much for the long
term health of the organization as for the immediate crisis.
Are you now an insider that you have all this insider information or
are you still being used by a real insider to further his/her/their
agenda?
If you want more credibility, tell us who your reliable sources are,
stop using the terms, everybody knew/knows, insiders knew/know, and the
like. If the people feeding you this tripe are reliable and honest
they should not care if you recognize them as your source. Until then,
as everyone knows, you are a source of rumor, innuendo, lies, and
exageration. I have this from a reliable inside source.
Nat
Sam Sloan wrote:
Turns out the August 2003 crisis was not a crisis
Everyone has heard the story: Beatriz Marinello was elected USCF
President on August 11, 2003 in Los Angeles. Immediately after she
took office, she found out that the USCF had no money in the bank,
zero. The USCF did not even have the money to pay the guaranteed
prizes at the just concluded US Open in Los Angeles.
Therefore, on August 20, 2003, bravely Beatriz walked into the USCF
Offices in New Windsor and immediately fired 17 staff members. John
McCrary resigned from the board as a result.
http://www.uschess.org/org/govern/August11-2003USCFEBMinutes-Final.html
http://www.uschess.org/org/govern/eb082203m.html
Of course, it was just a pure coincidence that the 17 people Beatriz
fired were the people she had grown to dislike during the year that
she worked for the USCF in 1999-2000.
It took six weeks before the USCF paid the guaranteed prizes the
prize
winners had won at the US Open.
I have just found out something that insiders had known for a long
time. The USCF did not have zero money in the bank. It had $85,000 in
another bank account that nobody knew about. This was not due to any
malfeasance. The office accountant for the USCF had set up a separate
bank account and had put the entry fees from the US Open into that
account. Nobody knew about that separate bank account, except for the
accountant herself.
When this was discovered, the accountant explained that she was
planning to keep the money in that account until the tournament was
closed out. Perhaps the accountant was following a procedure followed
by the USCF for scholastic tournaments. At scholastic tournaments, no
cash prizes are paid. However, in adult tournaments, the players
expect to receive their prizes, and to receive them immediately.
For this act of stupidity which had caused a grave crisis in the
USCF,
the accountant was immediately fired.
Had the existence of this $85,000 in a secret bank account been
known,
it would not have been necessary to fire those 17 people right away.
Perhaps in the long run it was a good thing to fire them, but it
might
not have been a good idea to fire them all abruptly, in the same day.
Sam Sloan
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