Wag the Dog, June 22, 2011

Daniel Benedict pulled off a major Michael Bloomberg Monday night. Just as New Yorkers overwhelmingly voted for term limits two times, WVH resident shareholders, by a 2 to 1 margin voted for a break-with-the-past board. Term limits didn’t really work for Bloomberg so he squashed them. So to, a board that was not of his own design didn’t really work for Benedict. Each man used his political muscle to get his own way. Continue reading


Wag the Dog, April 2, 2011



Oligarchy (from Greek ὀλιγαρχία, oligarkhía) is a form of power structure in which power effectively rests with a small number of people…Throughout history, some oligarchies have been tyrannical, relying on public servitude to exist, although others have been relatively benign…Corporate oligarchy is a form of power, governmental or operational, where such power effectively rests with a small, elite group of inside individuals…Wikipedia


I think that a lot of the anger at and frustration with the board comes from a fundamental misunderstanding of what the board is and how it functions. As I’ve repeatedly said, WVH is an oligarchy, but many shareholders keep expecting a small town democracy like some sort of urban Mayberry RFD, Continue reading

Wag the Dog, March 25, 2011

There is a fundamental construct that is anathema to all advocates of democracy–the concentration of power in the hands of a few people coupled with the injunction to “just trust us.”

While the “just trust us” proponents would like to make the debate about personalities and who is or is not a good person, the real issue is about structure. Continue reading

Wag the Dog, March 23, 2011

So who exactly is the board of WVH?  For a long time I was sure it was 7 people–5 elected and 2 appointed by the investor at the June shareholder meeting. I felt even surer of this after I had been elected as one of the 7 in June 2010. Imagine my surprise one autumn morning when I saw a letter on the bulletin board in the lobby purporting to be from the board of WVH. Continue reading

Wag The Dog- A New Column by Maureen

To all readers we would like to introduce a new brilliant column by Maureen called “Wag the Dog”. We urge you to take a look at the new page and to participate in the discussion. Take a look, here’s the direct  link


 or click on the “Wag the Dog” button at the top of the page. Thanks for reading