Showing posts with label Schwab. Show all posts
Showing posts with label Schwab. Show all posts

Wednesday, February 21, 2007

Outrageous


Dear Attorney General Steve Carter:

We know you visited the City of Fort Wayne and suggested a fine of almost $200,000 for the injury to the Schwab Foundation, but what about all folks at Fort Wayne Neighborhood Partnership. And what about the NeighborWorks folks with the folding of its nonprofit. Where's the money?


Former Executive Director Nicole Turner-Ridley should feel vindicated with the recent reporting of the closing of the doors of the NeighborWorks organization. Ridley firing may have been used to cover the operation of the organization by the board members. I blogged about this earlier:

One thing that I don't understand is when an investigation is ongoing for African-Americans the media shouts criminal charges. But, shouts are mistakes with raced whites there is no charges or criminal activity pending when wrongdoing is reported in the media. If the investigation ever makes it to the media. This is not to excuse anyone's behavior, but too often board members who are responsible for oversight are hand picked in order to usurp accountability or to excuse the requirement of their fiduciary duties.

Still, it should not comes as no surprise that folks rarely see the fruition of a project meant to alleviate the condition of an impoverished area because huge amount of money has been diverted to unauthorized areas or to save profit for nonprofits.


So that $200,000 was not enough for the million dollar Schwab foundation or the meager selling of the small number of properties for NeighborWorks listed in the news story.