I'm writing a HABITAT article today about preparing for your annual meeting. Attorneys and managing agents are saying they've never experienced an actual rigged board election.
Are rigged board elections just an urban myth? Has anyone out there experienced one? Please e-mail me today or tomorrow if you'd like to speak for my article, even if we can't use your name. flovece@habitatmag.com
This is a great anecdote. I'd like to send you my phone number just to confirm what's here and dot my "i"s and cross my "t"s. If you e-mail me at flovece@habitatmag.com, I'll send it to you. (I'm working from home today and not at the Habitat office.)
our board has been using the sponsor proxies to vote in their own slate in order to keep new shareholders from being elected.
Not sure about the word rigged, but "unsavory" things do happen,especially when you have different factions in a building and certain managing agents that don't act as a neutral party and drift from group to group and are not honest.
how about one in which six million shares are issued, over 5 million are voted and I lost by 806 shares and the board refused to do a recount. Prior election I "lost" by around12,000 or so, don't have the actual numbers handy and then a recount showed I won by around 18,000. if this isn't rigging, i don't know what it is.
"attorneys and managing agents are saying they've never experienced an actual rigged board election" ... what else did you expect them to say? Power corrupts is all I say. Best of luck with the article hope. Way too many people turning a blind eye.
How about over 15 years of the wife of pres and daughter of vice pres being appointed the election official by the managing agent and pres.
Plus a scam where they changed the voting,we could split and combine them,then a guy said he was the attorney for the building and he said the state had changed the law,we could no longer combine and split our votes,it was the new law.
How about over 15 years of the wife of pres and daughter of vice pres being appointed the election official by the managing agent and pres.
Plus a scam where they changed the voting,we could split and combine them,then a guy said he was the attorney for the building and he said the state had changed the law,we could no longer combine and split our votes,it was the new law.
What would you expect them to say. I agree with one of the writers "Power Corrupts". What would you expect agents and attorneys to say, they are part of the problem NOT the solution. Some of these professionals don't want change, they are getting something out of it, their positions to stay in place. With new board members changes happen.
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Not necessary a rigged election, but our previous board knew the turn out at annual meetings was usually low, barely reaching quorum. Since they were unpopular and at least 1 or 2 seats would certainly change hands, they arranged for the annual meeting/election to take place in some basement in commercial area several miles away from our complex where no parking is available, expecting no one to show up. They were correct and only 5 or 6 out of the 16 needed for a quorum showed up. This ensured no election would take place and they postponed the election till the next year, giving everyone an automatic new term without being elected.
Unfortunately for them, they continued to do unpopular things and a majority of the owners signed a petition to remove the entire board and hold new elections close by.
This created bad feeling but sent a message to everyone in the condo.
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