My Authors
Read all threads
This is your daily pension announcement: The remember when edition! Remember when Kevin said that if pension plans under AIMCO were dissatisfied they could write a letter to the AIMCO Board? I think it was back in December.... #ABLeg #AIMCOfail
Which is the ultimate problem. Pension plans have no means to hold AIMCO accountable for its poor decisions. Its board structure is really from another era and more approriate for only the Heritage Fund. #ABLeg #handsoffmypension
So I bet the AIMCO Board will be getting some strongly worded letters about the evaporation of $2.1 billion (so far). That is a weak response given the circumstances.

My central point is that the board would behave differently if the pension plans appointed the members. #ABLeg
Not only that, but a board nominated by individuals who pay most of Kevin's salary would have a better take on executive compensation. I guarantee it. Cost control is just as important as investment results in a pension fund. #ABLeg
To recap, AIMCO has zero accountability to any pension plan. The plans can't fire them and they have no influence over executive pay. They also seem to have little control over the investment risk. #ABLeg
All of this might be okay if, in more years than naught, AIMCO returned a reasonable amount above benchmark.

Remember when @travistoews said:

"Why do they oppose innovation? Why do they oppose efficiency? Why do they oppose saving taxpayers’ hard-earned money?" (Nov 22) #ABLeg
Well, Travis, it is not innovation if it is done as a political favor to your donors.

You have no idea if your bro-dude plan is an efficiency. YOU NEVER STUDIED IT! YOU ARE MAKING BILLION DOLLAR DECISIONS WITH A BLINDFOLD ON!

Money saving? Exactly the opposite. #ABLeg #fail
Remember when @jkenney had the chutzpah to say that Travis will monitor and scrutinize AIMCO's inquiry?

Am I the only person that feels he does not have the skills required? #ABLeg #AIMCOfail…
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Greg Meeker

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!