Thursday, September 8, 2016
Late, predictable news...
The following is important news from the latest Pacifica Radio in Exile newsletter. It contains a link to Mr. Agarwal's letter of resignation. Mr. Agarwal's was one of the few balanced voices on the Pacifica National Board.
CFO AGARWAL RESIGNS
Berkeley - Pacifica Foundation Chief Financial Officer Sam Agarwal submitted his resignation today. Agarwal came to Pacifica in December of 2015 after the chief financial officer position had been vacant for six months following the June 2015 departure of his predecessor, Raul Salvador. Agarwal's departure leaves the network with no executive management, following a succession of volunteer executive directors for 24 of the last 29 months.
Agarwal's openness regarding the network's tangled finances was noticeable, as well as the detailed financial reports he struggled to be allowed to present on the national board's teleconferences.
His letter of resignation can be read here.
In it, he says: "I have concluded that under prevailing conditions, I cannot be effective at my job. There is a monumental amount of work to be done to pull the organization out of fiscal crisis, but I have not seen sincere efforts to do what is necessary to move forward. Although voluntary bankruptcy and re-organization may be the least desirable and most expensive option, yet with every passing day it may be the only option left because of dysfunction in the board, mismanagement and failure of leadership".
The Pacifica National Board was busying itself with a premature annual evaluation of Agarwal's job performance before launching a search for an execuitve director to replace former board chair Lydia Brazon. The Board will now have neither executive position filled as it faces significant challenges.