On the subject of consolidating vote proxies

Here is some clarification.  We have now at the Ilikai this OBC group of Board Directors who are also running for re-election.  The OBC stands for Old Boys (and some ladies) Club.  By the way, I am not the one who thought of this term.  It was another concerned Ilikai owner who is concerned about what is happening.  The OBC Directors (also running for re-election) are: Lea Sasak, Bill Moore, Bill Lawrence, Dass Ramadass, and Lavonne West.

This OBC group is actively pitching the argument that goes like this, “We must retain control of the Board.  For that, we need to have four owner Directors elected.  The only way to accomplish this is if you [owners that is] give us your proxies.  We will collect all these proxies and then use them.  No votes will be wasted that way.  That way we will get elected, we will retain control of the Board.  Otherwise, iStar or iStar and Shell will take over the Board, and the world will come down.”

That is a totally BOGUS argument.  Why?  Here is why:  There are LOTS and LOTS of owners who do not want to have anything to do with that group of OBC Directors and will not give their vote proxies to them.  Because these owners got completely disillusioned with this group (e.g., this group has been in full control of the Board for a year now; what have they accomplished?), or they personally dislike the people in that group, or other reasons.  So if that group is the only owner representation choice available, then the disillusioned owners will either not vote at all or vote for iStar.  A lot of owners have more confidence in iStar – or me – than in this group.  That is the reality.

What is the solution?  Here is the solution:  There should be more than one option for owners to vote for.  The OBC group is one option, they do have their constituents.  I am representing the OPPOSITION.  Somebody was trying to talk me into partnering with the OBC group.  That would be exactly the way to lose owner votes, because many owners do not want to be part of that group and their mentality, way of conducting business, and so forth.  My goal is to represent owners who have a different, progressive vision for the Ilikai than what we have seen with the OBC Directors.  We urgently need fresh representation on the Board.  That is why I am putting my candidacy.

Click here for an outline of my vision as a Board Director candidate for the priority areas.

3 Responses to “On the subject of consolidating vote proxies”

  1. nancy mueting says:

    Dear Olga,
    Thank you for allowing freedom of speech on your website.

  2. Hans D Puehse says:

    Responding to “Somebody was trying to talk me into partnering with the OBC group. That would be exactly the way to lose owner votes, because many owners do not want to be part of that group and their mentality, way of conducting business, and so forth”: It was I who attempted to persuade Olga to align herself with other owners on the board so that she would have a chance to help shape the future of the Ilikai. Unfortunately, Olga has decided to go it alone or worse, partner with iStar. Remember, iStar is an owner in the Ilikai not by choice but rather they were left holding the bag when Anderson defaulted. iStar’s interest is finding a way to unload what they “inherited” after making the bad business decision to lend money to Anekona. If elected to the board, iStar will spend AOAO funds that help them dispose of the property, which may not be in the best interest of Ilikai owners. I apologize for having entrusted Ms. Geling with the maintenance of the ilikaiowners.com website and frankly, I am disappointed to see what it is being used for now.

    • nancy mueting says:

      In many ways Olga is defragmenting the goals of the
      independent owners by supporting I-star. It would be
      in their interest to hault strategic mesures in place
      by our incumbant board:

      1) Time-share lawsuit
      2) Fair representation on the board
      3) Common area survey verification

      Collectively we sacrificed countless hours providing service to our our gone- astray property. It is critical now that we maintain
      solidarity in proxy collection to make achievements.

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