Thursday, February 25, 2016
Financial fermentation continues at PNB
"We have a little list... What's his name again...?"
Sam Agarwal, Pacifica’s CFO, has, as spokesperson of the ‘leadership team’, called for two signal items – with very considerable urgency:
1) ‘WBAI and WPFW are deemed to provide full access of their accounts and finances to [the] CFO for close supervision and guidance.’
Translation: WBAI and WPFW are to pass financial control and decision-making to the CFO and the ‘leadership team’. ‘Supervision and guidance’ is the standard language in financial-legal-speak for ‘control’. ‘Close supervision and guidance’ is standard financial-legal-speak for complete control and authority.
2) ‘CFO in consultation with the leadership team to propose alternate sources of revenue stream for board’s consideration and quick action.’
Translation: It has been decided by the ‘leadership team’ that Pacifica as it presently exists cannot survive and the ‘leadership team’ will present a radical redefinition, re-purposing, and restructuring in a desperate effort to survive – no details, nor executive summary, are offered or available.
In effect, what we have here is very simple – and I emphasize that I mean this literally, not as mere personal interpretation or as hyperbole:
All financial control and decision-making is to be centralized in the persons of the ‘leadership team’, which control and decision-making is to then be formally approved and ratified by Pacficia National Board.
The conclusion has been reached by the ‘leadership team’ that the existing modes, model, and structure of Pacifica are to be replaced.
ps: Most of the meetings referred to are ‘executive sessions’, and steps are to be taken to alter procedures for future ‘open’ meetings to make it impossible for dissenters to ‘interrupt’ and ‘obstruct’.