Unsolicited Review of Sun City Anthem
Executive Compensation
by Association Finance Committee
Biased and Not Relevant to Sun City Anthem
by
Robert Latchford
Sun City Anthem Resident
Upon
reading ‘An Unsolicited Review of SCA Executive Compensation’
that was floating around Anthem Hall last week, I discovered a
document diligently prepared by the Finance Committee, with the
intended purpose of addressing the concerns of homeowners as to the
diligence used by the Board of Directors in selecting and determining the
compensation to those filling the offices of the management
team.
While the
Finance Committee spent hours of good intent in its preparation, the paper seemed to
do little more than endorse the Board and supporting its policies
of remaining tight mouthed by trying to justify it’s already highly
bloated packages given to the management people.
Did anyone wonder
why this concern became acknowledged shortly after the queen
bee’s title was changed from GM to COO?
It’s now obvious, it was
to enable them to use various websites in searches to
provide more lucrative figures in determining salaries and bonuses,
both present and future, as they are very generous with our money.
They
claim the main criteria that found General Manager categories of communities
similar to ours, meeting the job description, only many less
units, were ruled as unsatisfactory, as the pay scale we were wishing
to pay more.
Therefore they chose to use different job titles until
they could find something close by salary and job description.
They
also tried to compare the COO position to the Henderson
City Manager, which is ridiculous, not only by size, revenue and responsibilities.
However, the Board of Directors considered them similar.
(Why didn’t they compare it to Donald Trump, as he collects zero in
salary)
The
thought of comparing C.O.O. salary to the salary base in think
tank ERI Research data base, compared to what the paper refers to as
$11 million companies (if they mean assets that wouldn’t be a
lemonade stand), is meaningless as it would command $229K to $329
salary package, but could still be at the Board’s discretion.
Most of these websites deal with national data; nothing
was mentioned about our area.
A job in New York City or
LA, would command a much higher package than a small town in Iowa as
to the Cost of Living differences.
When I worked for Uncle Sam.
even the feds realized that and paid accordingly.
Sun City Anthem is different than almost any type of
residential community and has many reasons it should pose lesser
responsibilities than most.
May I mention a few examples?
The "adults only policy" allows no need for
school crossing walks or guards, school bus stops, parks &
recreation, and landscaping restrictions.
No SCA managed golf courses.
No marinas or boat docks as in waterfront
communities,
No horse stables or riding trails as in many upscale
communities,
No problems with snow removal or trails for cross skiing or
snowmobiling as in colder climates,
All utilities are from city or county utilities, so no community owned wells or septic systems.
No storage areas to maintain for boats and
RVs.
A great staff of dedicated volunteers are readily available for many
less desirable tasks normally requiring paid workers.
Also, a person who has lived and worked in the
area would likely have a knowledge of the quality, integrity and
reliability of various vendors and suppliers, making the management
positions more efficient, reflecting a better life style for
residents.
It is not necessary to compete with Microsoft or other
giants of industry for qualified management.
Got a comment on Mr. Latchford's observations?
Send it to us at:
Dick, I haven't written you lately but have to inform you of what is going on with the new tables and chairs for the gallery.
You know this has been a sticky point with me for quite a while.
Since we had a meeting last August and were promised the tables & chairs would be ordered in Oct or Nov to be delivered after the first of the year, nothing was done at that time.
Then the excuse of the potential sewer problem was brought up.
After that fiasco, bids were finally obtained in the last few weeks.
It seems as though new owners that have moved and bought here at SCA are not informed about the problems that the “old timers” have lived and suffered with as the Community has declined.
They think that those that criticize the machine and Dick Arendt's Anthem Opinions blog are terrible people.
This perception is so far from the truth!
Based upon the emails that I have received , THANKS TO YOU, the folks who are lucky enough to live here in Sun City, are behind the Tradition Team.
I saw that this was on the agenda:
I may not know much about furniture other than my wife purchasing it, but I did notice that they are planning to:
Approve the purchase of the lower gallery gaming furniture at Anthem Center from Castino Restaurant Equipment and Supply in the amount of$114,649.97 to be paid from reserves.
Basis for Recommendation:
The gallery gaming furniture is torn, chipped and broken and is in need of replacement.
Bids received:Arizona Gaming Rooms: $177,085.71
Billiard Factory: $160,786.56
BKMOffice Environments: $177,538.40
Castino Restaurant Equipment and Supply: $114,469.97
Hendricksen Butler: $137,666.94
Anthem Center Lower Gallery Gaming Furniture:
16 three-foot by three-foot square tables
$11,552.00
seven-foot oval gaming table
$2,620.00
five-foot octagonal gaming tables
$6,920.00
4.5-foot octagonal gaming tables $2,800.00
4-foot octagonal gaming tables $10,700.00
130 adjustable chairs with arms
$64,870.00
When my wife noticed that the chairs were ordered with arms, she was shocked. Those chairs will be destroyed in no time as a result of the arms.