Posted by 1206SWMO on October 03, 2007 at 22:23:56 from (67.54.185.214):
Our electric coop has assets of 13 million and a debt of 26 million thanks to a crooked CEO and a board that let him do it.He'd been at the coop for 35 years.
He got us in the LP gas business and somehow it lost 6 million dollars,probably most of it in his back pockets.
Since 2000 his salary has totaled $2.8 million dollars and hes been gone most of this year.He got $309,000 in severance pay.He spent $300,000 of the coops money on his house.The list goes on and on.
It looks like the board give him a blank check.Read the link below plus the links the Joplin Globe paper provides in the upper left corner..I'm guessing that our electric rates soon skyrocket.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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