John Kwok Jul 13, 2012
If my fellow alumni opt not to complain about yet another effort in creating a proposed "Stuyvesant Alumni Foundation", then we will have acquiesced in the termination of a Stuyvesant High School Alumni Assocation accountable to both its dues-paying members and all Stuyvesant alumni in favor of an alumni entity which is accountable to no one, except to Principal Stanley Teitel and a select few alumni. Again, the potential for both political and financial abuse is great if we allow him and his supporters to suceed, instead of ensuring the survival of the alumni association and the merger of the Campaign with Friends into a single endowment fundraising organization, that should result in two independent, yet still linked, democratically-elected alumni organizations like those that are responsible for Bronx Science's alumni relations.
its not false or slander or wall street journal would have taken down their article entitled: Donation May Heal Stuyvesant Rift - By LISA FLEISHER
Updated July 10, 2012 12:01 a.m. ET - anyone can google it. stop trying to intimidate me with scare tactics.
just copying and pasting from the wall street journal article. you gonna sue the wall street journal as well?
The question of the annual salary for the Campaign's executive director, Neal Hurwitz, has been a sore point. He earns as much as $75,000 a year. "It's half the going rate for a person of my qualifications," said Mr. Hurwitz, who was former assistant national fundraising director of the United Jewish Appeal.
Mr. Sherwood, of the alumni association, once sold Mr. Hurwitz life insurance, which some board members said they viewed as a conflict of interest. Mr. Sherwood said that was "ludicrous" and that he tried to steer clear of business among alumni.
Several people from the groups involved in the discussions to merge say they don't trust the motives of Ms. Ai, who has worked in corporate giving at Goldman Sachs and J.P. Morgan Chase & Co. Several of them also said they are concerned about the role Mr. Teitel—a former science teacher who was once an academic adviser to Ms. Ai and is still close with her—might play in a merged group.
In response to the mistrust, Ms. Ai wrote a several-page letter defending her actions to the alumni association members. "As everyone else who has been involved in the three groups, my love and loyalty for Stuyvesant runs strong," she wrote last month. In that same email, she attached a pared-down letter of intent, which states a desire to form a new organization but is scant on specifics.
That is how some say it should be. Lisa Tepperberg, current alumni association president, said any merger should proceed slowly.
If the alumni group doesn't approve the letter, Ms. Ai has a backup plan: Keep the alumni association separate and merge the endowment groups. "The school can't continue to suffer the way it has been," she said.
If the alumni group approves the plan, Friends of Stuyvesant is next to vote.
Despite the bitterness, there is optimism. Robert Ayzin, class of 2000 and an alumni association member, has been acting #$%$
you have all your faith in lawsuits that take years. and may yield nothing. sale for a premium of some sort seems like the only good option to prevent dilution... Unless activist brings in a new board and can get rid of this dopey board.
I certainly don't!
The best hope for this company to not go broke is a buyout this year or in 2015 before they squander all the cash AGAIN! The management are so power hungry and abusive and you are like battered wives who tolerate it and keep quit.
newbie? Neal Hurwitz lost almost all his money in this stock. what makes him an expert? he also bilks Stuyvesant of over 75,000$ per year and raises very little money for them. who are you to be lecturing others?
18$ million is ridiculous. the company is for sale and must be sold for a higher price. company management is hopeless and ridiculously overpaid.
well there is risk in taking a company which is burning cash like a pimp and his prostitutes, you going to step up and offer more? do you have a plan for shareholders and the company?
you speaking to somebody does not make you an expert. what's your point? I may have spoke to Michael Jordan recently. Will that make me as tall or as good at shooting as Michael Jordan?
who says you are the sane one? did you goto a shrink recently to confirm that?
Sentiment: Strong Buy
help him? what experiences do you have with buyouts? you're just a whine dude. you spew more and more BS every time you speak.
Sep. 5, 2014 - UNITED STATES, N.Y. -- September 5, 2014
Dear Delcath Systems Investors:
We are seeking talks with Delcath Systems board of directors for an unsolicited non-binding offer for the company at $2.85 per share.
We still believe Delcath Systems is undervalued - yet has a history of mismanagement due to bad prior decisions & still has valuable products, IP, and decent cash reserves. The company is still burning cash rapidly & this excessive cash burn must be stopped & other measures taken pre-emptively to achieve full value. We currently own or control shares which are more than most of the management have. Other shareholders have contacted us & offered support in making changes to the company and they many times own shares in excess of what management owns as well.
Linkedto Partners would obtain cash or credit financing from from a big Middle East investment fund it is collaborating with for the deal pending various potential due diligence on Delcath Systems.