A reader pointed out in a comment recently that the list of shareholders posted at Update: Wage Claim Info contained the names of several shareholders who are retired. As the reader stated:
“Please note that some of these shareholders are retired which means they have resigned their shareholder status and are only receiving retirement benefits – although the Dissolution Committee has cut them off too. It would be a travesty to include these people in any claim because they are in the same boat we are – broke and pissed off. The ones I know have retirement status are the following:
Robert Harris (he’s in his 90s)
These people are on our side, folks. I think they are just as disgusted as we are.”
I couldn’t agree more. I have updated the original post to remove the names and placed this same comment at the top in blue so readers can avoid using their names when filing wage claims.
And from another reader:
“Alexander Brainerd as well. He was pushed out of equity at age 67 per the firm’s ageist partnership rule. He’s also just a really great person.
Additionally, a large number of the shareholders you had listed in your prior post (namely over half of the IP Lit shareholders) had already resigned from the firm and did not take part in the dissolution vote.
But the real point is that it’s ridiculous to blame random shareholders (many of them quite junior) for the problems caused by Matt Larrabee and his cadre (Barry Levin, Marie Fiala, etc.)”
Ultimately folks, at a minimum you should have the Dissolution Committee members (Benvenutti, Sugarman, Hayden and Loacker) listed. Who you choose to add to your wage claim is your decision.
Over and out.