I just recently bought a copy of CoC. I have dipped in to it at several points and have found that what Ray Franz says happened has the absolute ring of truth to it. The lack of bitterness and ranting by Ray makes his words all the more powerful.
It has cemented my desire to remain mentally distanced from the "self-preserving at all costs" and the "self-aggrandising" of the governing body. Any good motive they have ever had has become submerged into these two cravings.
Thank you Ray. And thank you to those who tell about him on the internet!