^^^^ 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?