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