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[quote=Anonymous]WBJ:
“Chris Whittle said his own pay took a cut through the pandemic. He didn’t disclose specific figures but said his employment contract with the Whittle School & Studios’ global corporation — originally  called G30 Management in court records and early campus plans to indicate its planned 30 locations — stipulates base pay and a potential bonus he said he hasn’t received, but no incentives for opening new campuses. He said he didn’t collect pay in the first three years starting in 2015, nor since fall 2021. “I’ve always believed that organizational leaders must ‘lead by example’ in such matters, including but not limited to ‘putting your money where your mouth is,’” he said. “Upon the Covid crisis, when I requested that certain [members] of our leadership — not faculty — reduce their pay to help us weather the storm, I took the largest reduction in pay on both a percentage and absolute basis."

So…can you kindly clarify:
Did you receive any other funds associated with the school: loans, promissory notes, signing bonus, payment of expenses on your behalf or on behalf of anyone associated with you?

Who signed your employment contract and is your employment contract the only legal agreement you have with any associated entities or individual patrons or investors--If not can you please create a list of all agreements between any entity or individual associated with you, and any person or entity associated with the Whittle enterprise?

Is there a finance committee of the Board? Who chairs that committee? Have there been resignations from the Board? Can you please provide those as well?

There is over $60 million in mortgage loans provided to you and various educational entities you control,  from foreign entities----- detailed in NY Court. Were these funds for you personally or for the school, or to pay back prior debts?

You say you took a mortgage out to pay for school expenses. Was your payment to the school structured as a loan, additional equity, an informal wire to a particular entity? How did the money get from mortgage to the school? Was it paid in a lump sum or an as-needed basis from a personal account ? Which entity was it deposited into?

How much money does the school owe you, or you owe the school or it’s investors/patrons? Is there someone on your Board who has been tracking this figure?

Assuming WSS doesn't declare bankruptcy, what number most closely represents the Whittle SS entities' total liabilities at this time? Anyone thinking of enrolling needs to know how deep this hole is--not how rich the new possible deal might be. 
 
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