Longtime SAG P&H Plan Manager Exits

COMMENTS (2)

• Forget the pension and health story… When is Deadline going to do an investigation and write an article about SAG? Actors, actresses, where do the security and residual deposits go? Not to their members. It’s just for SAG’s lifestyle. It’s a scam. Why are SAG’s assets less than the money they keep in their accounts on behalf of the productions? The deposits which should be given back to the producers after a movie finishes shooting with no claim are so many times rolled over by SAG into “residual deposits”. SAG breaches their written contracts and agreements all the time. If they paid back the producers the money they keep for the productions, SAG would be bankrupt. The whole union is a pyramid scheme ala Bernie Madoff. When is someone going to investigate SAG?

  Comment by screwed producer — Friday November 16, 2012 @ 7:16pm PST  Reply to this post

• 3rd attempt: you know Deadline, this IS all verifiable if you get off your fat asses and VERIFY it.
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  SAG, indeed, should be investigated. I think it already is being investigated. By the Federal Government. Of course, the rapture may occur prior to the details of this investigation being announced, but hey, at least McNary and now Nikki have reported Mariana Edwards has left P&H. She was the “Pension Manager” and, she was indispensible to the prospect of an actual merger of the plans, so I’m told. INDISPENSABLE. But, she no likey new direction of fund, or new bosses, or wholesale overtake of SAG P&H by AFTRA. The SAG P&H staff had thought it was to be the other way around. Oh, no, no, no, you silly dreamers. This WHOLE merger has been an AFTRA takeover, no doubt.

  Mariana Edwards has quite a story to tell, according to her best friend, Brenda Garay, who worked at the plan until 2004 and who’s husband still does. Her husband has nothing, as in NOTHING, to do with the fact that Brenda Garay has already gone on record on sagactor.com that the CEO of SAG P&H is, unfortunately, very ill. He does not, in fact, run SAG P&H.

  David White, the NED of SAG-AFTRA runs SAG P&H. There is a secret (till now) committee of 6, two of whom are John McGuire and Daryl Anderson, SAG trustees, who oversee everything, as in everything, at SAG P&H, and report to, yup, David White, who runs SAG P&H.

  This is at least a conflict of interest, at worst, illegal. If say, you thought, Jamie Dimon (criminal HE may be) was the “the buck stops here guy” at your investment firm, but instead, Jamie was in an induced coma in St. Barts, and Don Clodhemp, the Head of the Asian trading desk, was, in fact, making decisions that impacted your money, every day, with ZERO public acknowledgement or explanation for such (David White making these decisions instead of the CEO on the masthead of SAG P&H, Chris Dowdell, for example) you would be, uh, fucking pissed.

  SAG P&H WAS, IN FACT- IN THE RED 2 years ago, EXACTLY when David White and Ned Vaughn were pulling excuses out of their asses and twisting them into party balloons as to why they couldn’t do a 3rd party actuarial (you know, numbers?) review of the possible merger of SAG P&H and AFTRA H&R, instead arguing that “recommended” (the study) being the actual word in the SAG constitution, NOT, in fact, “required” and therefore, you know, well… yeah, no study.

  That study would have been clarifying for the SAG membership PRE-MERGER, doncha think? Methinks such a study would have turned up all KINDS of things, the plan being in the red just ONE of them. Or, so I’m told.

  According to Brenda Garay – it was therefore COMMON KNOWLEDGE around P&H that there would be NO MERGER of the plans until AT LEAST 2015, due to the federal ERISA requirement of a 5 year moratorium due to the whole “in the red” thing.

  I suppose one could go back and try REALLY hard to frame the actual words of David White, Ken Howard, Ned Vaughn, oh, Duncan Crabtree-Ireland, and on and on, and come up with SOME twisted “reality” – much like the recently voted down Republican “reality” known only to… Republicans.

  But it’d be real hard. No, folks, we were served up some world class BULLSHIT by the merger-zombies, and the revelations of exactly how they pulled it off are JUST beginning! The short version is, according to the Brenda Garay’s on the record account on sagactor.com, and the hopefully, clarifying, further, inside knowledge (unless they continue their game plan of intimidating all truth tellers, but you know, FUCK THEM ) of Mariana Edwards, is going to be real simple: THEY LIED THROUGH THEIR FUCKING TEETH TO ACHIEVE MERGER.

  How entirely unsurprising. The ONLY surprise in all this, with 5 BILLION in combined pension funds at stake is, they got away with it, by not informing the membership of ANYTHING but THEIR side of the story, controlling ALL outlets of communication, and crushing ALL dissent, with more lawyers and money than were available to, well, Mitt Romney. Who, by the way, lost anyway. Think about that Ned.

  So, you know, grab your popcorn and watch the show!

  Comment by Matt Mulhern — Saturday November 17, 2012 @ 10:12pm PST  Reply to this post