Buddy Fletcher: “Virtually Worthless”
Posted on April 30th, 2012 in Uncategorized | 2 Comments »
In the Cayman Islands, a judge ruled that Buddy Fletcher’s settlement offer to the Louisiana pension funds who are suing him, seeking recovery of their investments, was “virtually worthless.”
The Journal reports:
In a written decision released this past week, the Cayman Islands judge found that to secure the value Fletcher put on the investment, the pension funds would need to put up an additional $65 million and prevail in a lawsuit against a Georgia bank.
Fletcher essentially offered the unions warrants to buy stock in a troubled bank, then grossly overvalued the warrants.
It’s worth noting that this is the same tactic Fletcher used when donating the Alphonse Fletcher University professorship to Harvard—and that Harvard did indeed have to go to court to fulfill the deal.
2 Responses
4/30/2012 9:00 am
In 2004, to commemorate the 50th anniversary of Brown v. Board of Education, Fletcher created the Alphonse Fletcher Sr. Fellowship program to support individuals working to improve race relations.[2][24
I got this from wikipedia. I’ve taught in SURR ( school under registration review) that feared to have children evlauted because of such issues as descrimination, yet children were deprived of help they needed.
I wondered about that. I listen to Dalai Lama who said conditions have improved in tibet because more chinese are becoming aware of Tibet’s conditions. In other words turn chinese into humans by making them aware of humanity. so its dalai lama vs. fletcher.
In my case, if I did do something then it would come down to feeding kids with eli lilly like we stuff geese for pate.
I chose to teach them percentages to know they are taxed accurately. I didn’t need fletcher and his race card, just a little fun with Dalai Lama’s concept. Hope for the best.
12/5/2024 8:45 pm
Uhhhh…yeeeeaaahhhh…ok. Thanks for sharing, and good luck with those English classes.