- Joined
- Jun 8, 2005
- Messages
- 1,034
- Reaction score
- 305
- Points
- 444
- Location
- Mercer Island WA
- Resorts Owned
- Pahio Kauai Beach Villas, Pahio Shearwater
Aloha from KBV,
DeniseM sent me a private message asking what happened at the recent KBV board and annual meetings. She suggested that “it sounds like something traumatic happened” . . .
I try to separate business such as being on the board of KBV from personal life. Perhaps the most "traumatic" thing for me personally is the second sentence below which I spoke in the annual meeting. There was time between the first and second ballots where the meeting was officially paused. While I don’t remember my precise words to the audience of owners, the following is very close to verbatim.
I considered my response to the “hostile takeover” for most of a day. In addition to other factors I choose to not discuss at this time, I considered the trade-off between my responsibility to represent independent owners, many of whom had voted for me (many via proxy to KYHOME) with the futility of remaining on an 80% Wyndham selected board. I submitted my immediately effective resignation on Friday 5/17/19.
During the morning board meeting preceding the afternoon annual meeting the resort manager, Grand Pacific, agreed to begin posting drafts of unapproved board meeting minutes within a very small number of weeks after such meetings rather than waiting for final approval which often takes a few months.
Once those are posted, I should be able to answer some or most questions of clarification about the minutes that may arise.
For those KBV owners who want to know more, your best source of information for the time being is Jeff From Salem who posts primarily in his yahoo group. While I have always respected Jeff’s freedom of expression, I have occasionally found his prose objectionable. I compliment Jeff on his restraint in his most recent postings in his yahoo group. As he says, for the time being, you are free to read between the lines and draw your own inferences.
Jack Goodstein
DeniseM sent me a private message asking what happened at the recent KBV board and annual meetings. She suggested that “it sounds like something traumatic happened” . . .
I try to separate business such as being on the board of KBV from personal life. Perhaps the most "traumatic" thing for me personally is the second sentence below which I spoke in the annual meeting. There was time between the first and second ballots where the meeting was officially paused. While I don’t remember my precise words to the audience of owners, the following is very close to verbatim.
If you don’t understand what is going on, you are witnessing a hostile takeover by Wyndham. I have to admit that Jeff Bellin has been correct all along.
I considered my response to the “hostile takeover” for most of a day. In addition to other factors I choose to not discuss at this time, I considered the trade-off between my responsibility to represent independent owners, many of whom had voted for me (many via proxy to KYHOME) with the futility of remaining on an 80% Wyndham selected board. I submitted my immediately effective resignation on Friday 5/17/19.
During the morning board meeting preceding the afternoon annual meeting the resort manager, Grand Pacific, agreed to begin posting drafts of unapproved board meeting minutes within a very small number of weeks after such meetings rather than waiting for final approval which often takes a few months.
Once those are posted, I should be able to answer some or most questions of clarification about the minutes that may arise.
For those KBV owners who want to know more, your best source of information for the time being is Jeff From Salem who posts primarily in his yahoo group. While I have always respected Jeff’s freedom of expression, I have occasionally found his prose objectionable. I compliment Jeff on his restraint in his most recent postings in his yahoo group. As he says, for the time being, you are free to read between the lines and draw your own inferences.
Jack Goodstein