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To: VALUESPEC who wrote (1247)	7/26/1998 12:46:00 PM
From: jjs_ynot	Respond to of 3627

>>> I suppose you don't think the BOD had anything to do with HFS acquiring CUC? Maybe Henry Silverman should put the board on probation for not guiding him in such a way that allowed him to find the massive fraud that Forbes empire entailed ! There is no doubt of the culpability of Mr. Forbes. The board of directors does not have responsibility for daily operations of the enterprise. The board of directors (in theory anyway) is supposed to have a fiduciary responsibility to the shareholders to insure that the management exercises it's day-to-day activities in the best interests of the shareholders. Since that was not the case in the CUC acquisition; monitored performance of Mr. Silverman is warranted to insure that this debacle is not repeated. Perhaps the key shareholders should create an oversight committee such as Warren Buffet did several years ago with Saloman Brothers.

To: VALUESPEC who wrote (1247)	7/26/1998 1:30:00 PM
From: Diogeron	Read Replies (1) \| Respond to of 3627

How about taking the politics over to the "Did Slick Boink Monica" thread so this one doesn't degenerate into a Starr vs. Clinton thread? Incidentally, there are two factual errors in your statement. Clinton responded to Flowers' assertion that she had an affair with Clinton for x number of months by saying, "I did not have an affair with Gennifer Flowers for x number of months." He did not say he didn't have an affair with her per se. I know it's logic chopping, but the statement could be factually defensible if the affair was for y number of months. For example, if someone accuses me of getting drunk three nights in a row and I say, "I didn't get drunk for three nights in row," I am telling the truth if I didn't get drunk at all, or got drunk for two, four, or ten nights in a row. So, however disingenous the statement might be, it would still be a liguistically accurate one. Second, assuming you are speaking of the 60 Minutes interview during the New Hampshire primary, Clinton did not deny having an affair; rather, he said something like "We've had some problems in our marriage which we had to work through like a lot of other people." It was a vague response, but not a denial. My response to your message should reinforce the point that political opinions belong on political threads IMHO.

To: VALUESPEC who wrote (1247)	7/26/1998 2:33:00 PM
From: Axxel	Respond to of 3627

"Double Secret Probation" that is what Silverman needs

To: VALUESPEC who wrote (1247)	7/26/1998 8:40:00 PM
From: Thomas George Warner	Read Replies (1) \| Respond to of 3627

There is an old Italian saying. "the fish always smells at the head first". Forbes knew, directed and endorsed the deception. If he didn't know it than he is grossly incompetent. In either case he should be dispensed with in the fastest possible manner. As far as Henry Silverman is concerned, he hired Ernst and Young, relied on their audit and acted accordingly. If anyone thinks that a CEO can be all things to all people the are wrong. His job was to focus on the big picture which was the merger, not to waste his time consumed with the minutia. I for one hope that Silverman stays, and the board gives him even greater powers. We need this issue settled quickly and with the minimum of blood. I am e-mailing the board that message.