X-Message-Number: 1047 From: Subject: Please post Date: Tue, 21 Jul 92 14:18:29 PDT Business Meeting Report by Ralph Whelan The July Board of Directors meeting, occurring at Virginia Jacobs' house in Rolling Hills Estates, was as eventful as any I've seen (and I've seen the last 24). And while I would venture to say that it was a bit more tame than the last one, certainly more was accomplished. For starters, Carlos Mondragon made an almost immediate motion that Paul Genteman replace him as Chairman of the Board. Carlos has served as Chairman for four-and-a-half years, and no one will begrudge his taking a break from that demanding and exhausting task. Paul, who has been secretary for fifteen years, graciously accepted and took on his duties immediately. The first order of business taken on by him was to step down as secretary in favor of Ralph Whelan, who still isn't sure that this wasn't just a very intricate plot. . . . The first topic under new Chairmanship was the recent onslaught of suspensions. There were three suspensions in the month of June, and one demanding remote standby. Michael Friedman was reported on last issue. "Jack," an Alcor Suspension Member of about four years, deanimated at 5:30 a.m. on June 19, after three days of remote standby performed primarily by Mike Darwin, Tanya Jones, Naomi Reynolds, and Carlos Mondragon. Jack lived in Vista, which is about an hour's drive from Riverside. Jack's transfer from dry ice temperature storage to final cooldown and liquid nitrogen storage took place on July 8, 18 days after his deanimation. The inordinate delay was the result of a lack of storage pods (not dewars), Michael Friedman having recently used the last. Mike Darwin (previously, by phone) made the important point that with the higher levels of glycerol concentration we're now reaching, there is more biological activity at this temperature and we must be prepared to shorten the stays of our patients at dry ice temperature. Also occurring in June was the suspension of Jim Glennie, an Alcor Suspension Member who deanimated as a result of a brain tumor. (The acute cause of death was viral pneumonia.) Jim's suspension began in Fort Collins, Colorado. The transport was performed primarily by Tanya Jones, Mike Darwin, Keith Henson, and Carlos Mondragon, with the presence and assistance of Mary Margaret Glennie, Jim's wife. During the course of Jim's suspension, a potential fourth suspension for the month of June was brewing in Massachusetts. The Alcor New York Transport Team Members Gerry Arthus, Curtis Henderson, and Stanley Gerber were deployed from New York on the evening that Jim's suspension was beginning. They were soon joined by Arel Lucas, and later by Mike Darwin and Tanya Jones, who by necessity left for Massachusetts before we'd even finished with Jim Glennie in Riverside. It's possible that "Bill," the Massachusetts member still in distress, will be flying to Riverside with his mother and fiancee to enter a home hospice nearby. Alcor has had some difficulties of late with an individual who was a member for a couple of months but withdrew his membership a few weeks ago. The difficulties culminated in his actions affecting the remote standby in Massachusetts. Apparently, a hospital situation that was already delicate was made very nearly disastrous by this member's attempt to get Alcor some press. Despite admonishments from various members that this was inappropriate, the member FAXed his "CryoNews" publicity sheet to various members of the media, inviting and indeed encouraging them to go to the hospital in Massachusetts where an Alcor member was on the verge of deanimation. The hospital, which had been cautious but cooperative up until that point, became (understandably) paranoid and bureaucratic, and the member's family became outright hostile. Keith Henson read a cryonet posting by Mike Darwin explaining the extreme difficulties caused by this. It was generally agreed that the best remedy in situations such as this is to limit and if possible completely cut off all communication of information to the person. The subject of a mission statement for Alcor came up again, and Ralph Whelan circulated a memo proposing a detailed mission statement with an accompanying goal statement. Courtney Smith expressed concern that a misworded mission statement could affect our 501c-3 (tax-exempt) status, and Carlos agreed to look into this by the next meeting. All Directors will be prepared to discuss this and if appropriate vote on it at the next meeting. I include the text of the proposed mission statement below, so that concerned members can contact us with any concerns. Please keep in mind that the wording of this will have to altered somewhat to reflect our priorities as a non-profit, tax-exempt organization. The Alcor Life Extension Foundation is a non-profit tax-exempt scientific and educational organization. The mission of Alcor is: 1) To maintain the patients in suspension. a. To seek a secure location for patient storage. b. To seek secure locations for placement of P.C.T.F. funds with adequate return on investment. c. To anticipate and prepare for potential legal attack on patients. d. To continually upgrade storage alarms and other safety features. 2) To suspend members as the need arises. a. To maintain a state-of-the-art Emergency Response capability. b. To train Suspension Members in transport and suspension techniques. c. To improve relations with state and medical authorities involved with transports and suspensions. d. To provide Suspension Members with the best possible (reasonably priced) emergency alert mechanisms. 3) To conduct research in pursuit of 1 and 2 a. To monitor existing medical technologies for improvements relevant to transport, washout, and bypass techniques. b. To conduct in-house research toward improved transport, washout, and bypass techniques. c. To subsidize basic and applied biological and mechanical research applicable to perfecting cryonic suspension, cooldown without cracking, storage, and eventually reanimation. 4) To increase membership in support of 1, 2, and 3 a. To seek low-cost marketing techniques. b. To facilitate and encourage "grassroots" recruitment and localized Emergency Response Teams. c. To establish cordial relationships with other cryonics organizations. The next topic was that of "One Million AD," which was left to Alcor by Dick Jones before he went into suspension, and represents the future income stream from the show Mama's Family, which Dick created. The present assets of One Million AD amount to $170,000. Its prospects for the future are unknown, but not especially promising. Since certain family members of Dick's are still insisting on half of "all future income" from Dick's estate, and insisting that One Million AD represents future income, it is not at this point clear that Alcor can win its claim to the entire $170,000, rather than just $85,000 (one half). The question is, should Alcor pursue the entire amount, and win or lose at some indeterminate future date, or settle now and receive $85,000 within about forty days? The issue is significant now for cash flow reasons. After prolonged discussion, it was decided that we would use the services of attorney Jack Zinn to check into this. After doing so, Jack will report to Carlos his opinion of whether it is worth pursuing the entire amount. In the meantime, Carlos is authorized by unanimous vote to list $85,000 as a receivable on our books. Eric Klien circulated a memo detailing the suggestions resulting from the most recent meeting of the PCTF Advisory Committee. Suggestion number 3 of that memo was adopted, as follows: "Accept the offer to receive one share of TCW at par for every five shares that we have. We should accept this offer based on the 9.51% premium that TCW currently sells at. This will give us a bonus return for the past month of 9.51/5= 1.902% or 22.824% annually in addition to the average 9% return that this fund returns." There has been a lot of discussion recently about the feasibility of Alcor owning its own suspension equipment, rather than renting the equipment from Cryovita as it does right now. I covered some of the various opinions about this in last month's Business Meeting Report. Since that meeting, the management of Cryovita has apparently decided that Cryovita should exit the suspension services business and concentrate solely on research. To this end, Paul Wakfer (the president of Cryovita) has asked Carlos Mondragon to prepare a list of the equipment and supplies that Alcor would like to purchase, and make an offer. Carlos made the following proposal regarding purchasing said equipment: "The Executive Committee is authorized to compile a list of Cryovita's suspension equipment and supplies and make Cryovita an offer for the same. (Funding is to be amortized from the savings on rent [of this equipment].) If the Executive Committee's offer is accepted, the sales contract will be sent by FAX, Federal Express, or E-mail, whereupon each Board member will FAX, Federal Express, or E-mail their decision to approve or demur within 48 hours." After some discussion, the proposal was approved by a vote of 6 in favor, with two abstentions. (Hugh Hixon and Brenda Peters, being shareholders of Cryovita, could not participate in the vote.) A particularly hot topic at the meeting was Joe Hovey's recent memo proposing that a new managerial position be created at Alcor and filled by Alcor's Membership Administrator and Editor of Cryonics, Ralph Whelan. If approved, Joe's proposal would have Ralph continuing as Editor of Cryonics, but relinquishing his Membership Administrator duties. These duties would then be taken on by someone prepared to work on them full time, as a result of the increase in workload for this department. Joe suggested Alcor Suspension Member Derek Ryan for this position. There was at least an hour of discussion about this proposal. A few members were concerned that a) it was not at all clear that Alcor could afford such a move, b) even if it could we should consider raising salaries before taking on more staff, and c) even if it was certain that more staff was necessary, there should be an announcement put into Cryonics inviting people to apply. The response to these concerns on the part of many of the members and directors present was that a) it does seem that Alcor can afford this right now, and if it works out well it will pay for itself and then some by freeing up Ralph and Carlos to work on fundraising and related issues (such as research), b) raising salaries will not help the fact that there is more work than workers, and the entire staff supports an additional employee over salary increases right now, and c) announcing an employee opening is sometimes necessary and appropriate, but when it appears that someone wonderfully suited for the position is willing to start immediately, this is not necessary (and is in fact counterproductive). The issue beneath the issue, which reared its head from time to time during the discussion, seemed (to me) to be that the persons opposing this move felt that it was an attempt to "shore up" Carlos, who has come under attack during recent months. The sentiment appeared to be that this amounted to giving Carlos an assistant, which would serve only to obscure the issue of his efficacy as President. It's difficult for me to comment on that viewpoint objectively, since I am so embroiled in the issue myself. And while normally I would shrug and say that pure objectivity is impossible in situations such as this so here's my subjective opinion, that would taint a report that I intend to generate as "amorally" as I can each month. With this in mind, I'll make the observation that it is not at all clear that having an additional management person will make Carlos any less assailable, and that in fact it's reasonable to suspect that he will feel more pressure to perform under such an arrangement. The debate on the two sides of the issue was showing no signs of abating when a motion to accept the proposal was put forth, seconded, and voted on. It passed with 7 in favor and 1 opposed. This motion was immediately followed by a motion that Ralph's new position be that of Vice President, which passed unanimously and without discussion. (Paul Genteman is also a Vice President of Alcor.) Dave Pizer circulated copies of a proposed Chapter Agreement and Bylaws for an Arizona chapter. The wording is simple and preliminary, and if anything will change in the future to be more favorable toward the Arizona members. A motion to accept the Agreement passed unanimously. Brenda Peters read a statement proposing that Alcor no longer perform any research (with special emphasis on animal research) at the Alcor facility, but instead contract for offsite research. This is an attempt at further patient protection, on the basis that animal rights activists or regulatory agents objecting to research activities could directly or indirectly harm patients in suspension. Carlos agreed to look into the ramifications of this proposal and circulate a memo regarding his findings by the Sunday prior to the next meeting. Recently it was brought to the attention of the Board of Directors that Alcor's Bylaws require the board to "perpetuate itself" each September by re-voting on each Directorial position. A motion was made that since the September meeting is only two meetings away, it would be remedied then instead of immediately, and repeated each September. The motion passed with seven in favor and one abstention. The meeting was adjourned. Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=1047