Shall we bet on indifference ?
In so much as this is a Cooperative Corporation open to the public, the North Coast Co-op is a rare, but sturdy bird. That sturdiness springs from community ownership. For this reason, unlike privately held businesses, it important that the public, shareholders/ members, be informed – to the greatest degree possible – of what is going on so that trust is not eroded.
This did not occur.
The most glaring recent example of this breach of public trust was at the general shareholders meeting in November. In the first 20 minutes, the President/CEO Colin Fiske railroaded through a rather fairy tale document known as The Five-Year Plan. Produced with many hours and large cost, it had pages and pages of fluffy frilly “everything is wonderful” verbiage about new projects that Coop was planning to be involved in. The last printed topic at the back was the fluffy financials. In it no one mentioned the fact that these irresponsible goofs had clearly wasted our operating capital buffer – and that the General Manager of the coop was going to have to hock our building and borrow a half million dollars to even keep the bills paid.
We are an area and community with vast resources.
That we will allow these fools to continue
–with no experience, little understanding and only slight honesty —
-due to member complacency –
is exactly their plan.
That, and “hope”.