Tuesday, June 19, 2012

The FAB 9 and Dynamic Duo

Meet the Financial Advisory Board, CFO, and PMD that have taken control of the City of Detroit through the Financial Stability Agreement (Consent Agreement). Their first meeting was on June 15, 2012 as the final members were appointed.

NameAgeHometownAppointed byExperienceEducation
Program Management Director
William "Kriss" Andrews60NoviGov. Rick Snyder and Detroit Mayor Dave Bing were to agree to a list of candidates for the post. Bing made the final selection.Executive vice president and chief financial officer for the Auburn Hills-based Energy Conversion Devices. Formerly worked at the Southfield-based global business advisory firm BBK as senior managing director and co-leader of the North American automotive practice.Bachelor's degree in accounting from Bradley University; MBA in finance and managerial economics from Northwestern University
What he said"We know there are easier jobs in the world. There are easier ways to make a living. But it was challenging, and I thought I had a background where I could contribute greatly, so I decided to do it."
What others say"Kriss' reputation as a certified turnaround manager is well-documented. I welcome him to the team and appreciate his commitment to assist in fiscally stabilizing our city." -- Bing
Chief Financial Officer
Jack Martin71Bloomfield HillsMayor Dave BingA certified public accountant and founder and chairman of Martin, Arrington, Desai & Meyers. Former Highland Park Public Schools emergency manager. Served as chief financial officer of the U.S. Department of Education and as chairman of the board and acting CEO of Home Federal Savings Bank of Detroit.Bachelor's of science and MBA from Wayne State University
What he said"While most of the discussion regarding the financial stability agreement focuses on deficit elimination, equal concern and work must focus on fixing the quality-of-life issues which are causing citizens to leave the city of Detroit."
What others say"He brings critical expertise to my administration as we work to fiscally right the city." -- Bing
Financial Advisory Board
Robert Bowman57Harbor SpringsGovernor Snyder and Mayor Dave BingPresident and CEO of Major League Baseball Advanced Media and a former state treasurer. President of the Michigan Education Trust, the nation's first prepaid college tuition program.Bachelor's degree from Harvard University; MBA from the Wharton School at the University of Pennsylvania.
What he said"I've worked in the public sector for 10-12 years, at every level, with hardworking, talented public employees. ... That said, it doesn't happen by magic, and it doesn't happen overnight. It takes a lot of hard work."
What others say"These ... appointments set the tone for the caliber of people and the type of collaboration that is essential to the transformation of Detroit." -- Bing
Darrell Burks55FranklinGovernor SnyderSenior partner at Price Waterhouse CoopersBachelor's degree from Indiana University
What he said"The challenge is great, but it's not impossible, and we look forward to, in essence, grow the city of Detroit back to where it was in the '60s and '70s."
What others say"I am pleased that we have been able to call on such uniquely talented individuals." -- Snyder
Ronald Goldsberry69Bloomfield HillsGovernor SnyderAuto consultant for Deloitte Consulting. He was a vice president of global service business strategy for Ford and second African-American vice president in Ford history.
What he said"I have a lot of experience with restructuring and complex financial issues. I've served in the community. I'm committed to the community. I understand the services that need to be provided."
What others say"Ron Goldsberry is committed to a strong, revitalized Detroit. The reinvention of Michigan depends on it, and his participation will be beneficial" -- Snyder
Mary Beth Kuderik52BirminghamCity CouncilChief financial officer of the UAW Retiree Medical Benefits Trust 
What he said"I really believe strongly in the city of Detroit and the assets that it has."
What others say"She has the one expertise that I believe will help the most: She not only designed and implemented the VEBA for the UAW and General Motors, but she was hired by (UAW chief) Bob King, who supports her being on this committee, by the way, and I just think that expertise in coming to help restructure health care is tremendous." -- Council President Pro Tem Gary Brown
W. Howard Morris53DetroitCity CouncilPresident and chief investment officer for Prairie & Tireman investment firmBachelor's degree from Northwood University, MBA from the Wharton School at the University of Pennsylvania
What he said"I have a vested interest this city. This is what I've been trained to do. I'm a financial guy. That's what this board is for. As far as the public stuff, I'm willing to withstand the potshots that come along with that."
What others say"He has great credentials. He's a Detroiter. He's an African American. He graduated from the Wharton School. He's the most known of the 21 candidates we talked to. He's going to be a fine and outstanding candidate on this board." -- Brown
Eddie Munson61Rochester HillsMayor BingA certified public accountant and former partner at the auditing, tax and advisory company KPMGBachelor's degree from Jackson State University
What he said 
What others say"He's extremely knowledgeable, very focused. ... He's very committed to the community. He's got great financial background. He asks pointed questions in a reasonable way. That seems like the kind of person you need in this situation." -- Beth Ardisana, CEO of ASG Renaissance in Dearborn, and fellow board member of the Skillman Foundation
Sandra Pierce54NorthvilleMayor BingPresident and CEO of Charter One Bank of MichiganBachelor's degree in business administration and MBA in finance from Wayne State University
What he said"I think every one of the nine members on this committee are as critical as me, but someone needs to coordinate with the city and the state to get us together and on the agenda. I view my role as a coordination role."
What others say"What you see is what you get. She doesn't live her life in a box. She is authentic, and she loves to have a good time." -- Shirley Stancato, CEO and president of New Detroit
Glenda Price72DetroitGovernor SnyderFormer president of Marygrove College and past provost at Spelman College in AtlantaBachelor's degree in medical technology, a master's in educational media and a doctorate in educational psychology from Temple University
What he said"If there is anything that is too difficult for us to tackle, then we're the wrong people. What we must do is to understand that our responsibility is to address all of the issues that are identified ... and do the best that we can to put the city on the right path for future growth and development."
What others say"Glenda Price shares our belief that a strong, financially viable Detroit is essential to Michigan's economic reinvention and success." -- Snyder
Ken Whipple77Bloomfield HillsState Treasurer Andy DillonFormer CEO of CMS EnergyMassachusetts Institute of Technology
What he said"The agenda is pretty well set in terms of the things that need to be done. Our job is to try to provide what expertise and leverage we can to accelerate that agenda."
What others say"He's a true gentleman, and he's got a great ability to analyze a problem and then develop a plan of action to address it." -- Jeff Holyfield, a spokesman for CMS Energy

This entire process had absolutely no public approval, met a lot of public resistance, and as such is a complete fall-out of the Law as given through the City Charter. You'll hear from the State of Michigan that our elected officials voted in favor of handing over the city and abdicating their responsibilities. Several City Council members will say they did what they felt was best for Detroit - that would make their choice a vote against their constituents.

We have moved into taxation without adequate representation. We encourage you to fill out an Ethics Complaint, have it notarized and turned in to the Board of Ethics.

Note the contents of the table above are from the The Detroit Free Press, June 16, 2012. Our display is shown as a table. Additional commentary has been added in italics.

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