Hi everyone
I've been giving some thought to the recent development in which the judge has ruled that the Society is barred from completing any property transactions until the appeal is over, which could take up to two years or even more.
I've submitted an article to Randy at freeminds in which I basically argue that it is NO LONGER in the Society's interests to appeal this case. If I correctly understand the restrictions placed on the Society by the judge, then the Governing Body has far more to lose by appealing than they could conceivably gain.
Think about it...
- By appealing, they buy themselves time in which to formulate a long-term strategy for dealing with the fallout of this case, but will be barred from liquidating $1 BILLION in property assets at a time of global economic uncertainty when their donations are dwindling. There is also no guarantee that their appeal will be upheld.
- By dropping their appeal, they take a hit and pay $23.8 million but retain the freedom to see through their real estate projects; retain their financial flexibility to respond to dwindling donations, and get to pretend to their followers (as with the UN scandal) that it never happened.
Of course, I am only saying that dropping the appeal would be the only INTELLIGENT option for the Society, assuming they are aware of how legally precarious their child abuse policies are. It may be that I am giving them too much credit, and they really are inept with these decisions - in which case they will forge ahead with the appeal and all the negative consequences that this foolish course of action entails.
I would be interested in your thoughts.
Cedars