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6 October 2008

Former GSUSA CEO Board Member of Lehman Brothers

Posted by admin under: Girl Scout Reorganization; Uncategorized .

I don’t know what to think about this story from Neil Roland at Financial Week. I just don’t.

Chief executive Richard Fuld’s handpicked board at Lehman Brothers exercised lax oversight of his pay and performance, helping to drive the 158-year-old investment bank into bankruptcy last month, the head of a corporate governance research firm told lawmakers today.

One board member until 2006 was actress Dina Merrill, daughter of E.F. Hutton; she retired at age 83 after 18 years of service.

A current member is Broadway producer Roger Berlind, 76, the longest-tenured member of the Lehman board, with 23 years of service.

Another director is Marsha Johnson Evans, 60, a former rear admiral with the U.S. Navy and head of the American Red Cross and Girl Scouts of the USA.

I don’t keep CEO names on the top of my brain so I went looking for Ms. Evans on the net. Here’s a bio of her from 2003 by Pine Manor College when they awarded her an honorary degree.

Assuming the top staff position at the Girl Scouts four years ago, a natural continuation of her efforts to expand professional roles of women in the Navy, Evans labored to offer young women meaningful programs, both personally and professionally. Under her leadership, the Girl Scouts created or expanded cutting-edge programs to enhance girls’ experiences in science, technology, sports, money management and community service. Spearheading efforts to update Girl Scouts’ image and change recruiting practices, Evans presided over a substantial increase in the number of adult volunteers. At a time when many charities report an all-time low in their volunteer ranks, Girl Scouts has increased theirs to nearly 1 million adults, the highest number in the organization’s history, with corresponding increases in young members.

It says increases, but all I’ve heard lately is that we had to change because we were losing members. Her 1998 through 2002 tenure puts her smack in the middle of the formation of the Girl Scout Research Institute which is the genesis of all the recent changes to the Girl Scout program. Taken all together it doesn’t look like a good reflection to me.

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