franklin_m

Budreau is leaving (see below).

Assistant ED retires recently, CFO steps down not that long ago, and now the ED leaves. In response to this post, just like the CFOs departure, you'll hear a myriad of other reasons. But don't fall for the gaslighting ... three high level departures (whatever the stated reasons) in around a year is cause for alarm. This is happening for a reason. And could that reason be the economic trajectory of the organization that I've illustrated? "The world wonders..."

https://amablog.modelaircraft.org/bl...228.1726335604

BarracudaHockey

My Feedback: (11)

Oh stop with the conspiracy crap.

Joyce was around AMA since the wright brothers flew their first prototype, she retired.

CFO was in place several years, moved on to spend time with his grand children.

Chad took a job back in the industry he came from at a salary we wouldn't have hoped to matched and if we tried you would be screaming from the roof top about salaries.

franklin_m

^^^^ As predicted ...

Yet one cannot (nor should they) ignore the fact that three most senior people have departed, the three most senior people responsible management that generated the RESULTS over the past many years. ED, Assistant ED, and CFO (trio who left in quick succession) have been there together for the last 15 years (since 2009 for the calculations below). Here's their collective RESULTS:

• Spending EXCEEDED revenue in 10 of the 14 years
• Net assets DECREASED 43.1%
• Membership revenue DECREASED 29.8%
• Total revenue DECREASED 26.9%
• Event sanctions DECREASED 30.5%
• Charter club fees DECREASED 21.1%
• Program Expenses (spending on core mission of AMA) DECREASED 30.5%

• Non Program Expenses (spending things NOT core to AMA mission) INCREASED 37.9%
• Total staff compensation INCREASED 22.7%
• Magazine costs exceeded revenue by $20.1 MILLION dollars (cumulative)

And yet we're to believe this flurry of departures in top positions has nothing to do with the RESULTS?