Mr. Ryder’s Failure to Perform—Part II

The Auditing Firm stated in the FY 2014 Report that our financials do not pass GAAP-- something that even Enron was able to do. GAAP is the lowest possible level of accounting approval for any operating entity and failure to achieve this REQUIRES housecleaning of all parties responsible for poor, inadequate community financial records.  Previous failures have also been ignored by community officials.

The primary responsibility for GAAP failure is Ken Ryder, however this performance level has become quite acceptable to the Board, the Audit Committee, and the Finance and Budget Committee who use accounting as a way to deceive ECA owners. They are able to do this because they have told ECA owners not to complain and disparaged those who do, wrongfully intimidating those who have a right to meaningful, acceptable financial reports. Failing financial standards and accountability has become the norm at Eastman. Our Eastman leaders have so much power no one dares hold them accountable financially or for inappropriate and wrongful actions.

All future Eastman buyers need to be made aware of this reality by Real Estate Brokers. Real Estate agents could claim ignorance, however their ethics are increasingly under scrutiny by both the legislature and other public bodies. The private isolation that Eastman's Board has given itself makes its dictatorship "perfect".

Why is this being done? SIMPLE 
See the Post WHY EASTMAN IS BEING RE-DEFINED 9/29/14

Submitted by Robert Logan who is the CEO of a consulting practice since 1993 which provides expertise on improved business, financial and operational performance as well as leadership.