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-   -   What would Wally think ? (https://classracer.com/classforum/showthread.php?t=47663)

Dwight Southerland 06-06-2013 09:07 AM

Re: What would Wally think ?
 
NHRA is now being operated from the corporate America playbook. All the strategies and policies we are seeing could just as easily have been developed in executive meetings at DuPont, AT&T, Exxon or any other attorney/profit driven organization.

Bruce Noland 06-06-2013 09:38 AM

Re: What would Wally think ?
 
Wally may not think too much of the current state of affairs of the nhra. But he would also have to accept the fact that he turned the money dogs loose. He orchestrated the theift of the organization from its membership and invited the wolves to take over.

cdh124 06-06-2013 11:45 AM

Re: What would Wally think ?
 
Quote:

Originally Posted by Dwight Southerland (Post 384967)
NHRA is now being operated from the corporate America playbook. All the strategies and policies we are seeing could just as easily have been developed in executive meetings at DuPont, AT&T, Exxon or any other attorney/profit driven organization.

Well said, when I worked for the big red "K" cereal plant I used to call those strategies as coming out of one of their "Plans arrived at during a dope induced coma"
Doug Humes

Greenlight 06-06-2013 12:56 PM

Re: What would Wally think ?
 
As "members" of the non-profit organization do we have any rights in saying how "our" organization is run?

Can we vote out/in people of the board of directors who are not aligned with it's members best interest?

Are we legally allowed to see how all of "our" money is being spent?

Will my car be torn down at every race I attend for the rest of my life because I posted this?


CALIFORNIA CORPORATIONS CODE

http://www.leginfo.ca.gov/.html/corp..._contents.html

PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS
CHAPTER 1. ORGANIZATION AND BYLAWS
Article 1. Title and Purposes ............................... 7110-7111
Article 2. Formation ...................................... 7120-7122.3
Article 3. Articles of Incorporation ........................ 7130-7135
Article 4. Powers ........................................... 7140-7142
Article 5. Bylaws ........................................... 7150-7153
Article 6. Location and Inspection of Articles and Bylaws ...... 7160
CHAPTER 2. DIRECTORS AND MANAGEMENT
Article 1. General Provisions ............................... 7210-7215
Article 2. Selection, Removal and Resignation of Directors .. 7220-7225
Article 3. Standards of Conduct ............................. 7230-7238
Article 4. Examination by Attorney General ..................... 7240
CHAPTER 3. MEMBERS
Article 1. Issuance of Memberships .......................... 7310-7315
Article 2. Transfer of Memberships ............................. 7320
Article 3. Types of Memberships ............................. 7330-7333
Article 4. Termination of Memberships ....................... 7340-7341
Article 5. Rights and Obligations of Members and Creditors .. 7350-7354
CHAPTER 4. DISTRIBUTIONS
Article 1. Limitations ...................................... 7410-7414
Article 2. Liability of Members ................................ 7420
CHAPTER 5. MEETINGS AND VOTING
Article 1. General Provisions ............................... 7510-7517
Article 2. Additional Provisions Relating to Election of
Directors ........................................ 7520-7527
CHAPTER 6. VOTING OF MEMBERSHIPS ............................. 7610-7616
CHAPTER 7. MEMBERS' DERIVATIVE ACTIONS .......................... 7710
CHAPTER 8. AMENDMENT OF ARTICLES ............................. 7810-7820
CHAPTER 9. SALES OF ASSETS ................................... 7910-7914
CHAPTER 10. MERGERS
Article 1. Merger ......................................... 8010-8019.1
Article 2. Effect of Merger ................................. 8020-8022
CHAPTER 11. BANKRUPTCY REORGANIZATIONS AND ARRANGEMENTS ......... 8110
CHAPTER 12. REQUIRED FILINGS BY CORPORATION OR ITS AGENT ..... 8210-8217
CHAPTER 13. RECORDS, REPORTS, AND RIGHTS OF INSPECTION
Article 1. General Provisions ............................... 8310-8313
Article 2. Required Records, Reports to Directors and Members 8320-8325
Article 3. Rights of Inspection ............................. 8330-8338
CHAPTER 14. SERVICE OF PROCESS .................................. 8410
CHAPTER 15. INVOLUNTARY DISSOLUTION .......................... 8510-8519
CHAPTER 16. VOLUNTARY DISSOLUTION ............................ 8610-8618
CHAPTER 17. GENERAL PROVISIONS RELATING TO DISSOLUTION ....... 8710-8724
CHAPTER 18. CRIMES AND PENALTIES ............................. 8810-8817
CHAPTER 19. FOREIGN CORPORATIONS ................................ 8910

dennis dunlap 06-06-2013 01:30 PM

Re: What would Wally think ?
 
I think Chapter 18 would be a interesting read...................

novassdude 06-06-2013 09:34 PM

Re: What would Wally think ?
 
As much as everyone would like to think Wally would have an issue with what is going on. Fact is he is the one that brought these people in and he was one of the directors cashing the big checks in the end.
The sad part is there is no one at NHRA that cares about Cars and probably very few that care about racing. It is an entertainment business now.

Jim Bailey 06-06-2013 11:54 PM

Re: What would Wally think ?
 
I'll tell you what he'd say ...because I heard it ! I was crewing for Ken Veney when he won his last National event Gainesville 1982 ?? Wally stop buy to say Hi and congrads. Ken said, (something along the line) , Wally a few years ago I won yada yada yada National Event and got around 20K. Now I win this race years later, (expenses have doubled), and I get 10K. Wally said, AND I QUOTE - " Yes, I know. I don't know how you you guys do it."
Draw from this whatever you like..............

Jack McCarthy 06-07-2013 12:00 AM

Re: What would Wally think ?
 
i know one thing ... wally designed the sportsman eliminators to showcase all classes in that eliminator... hence the field for finals day was comprised of the class winners and THEN filled with the remaining cars who qualified well but were beaten in class.

that rule was changed before the dirt was tamped down on his grave.

what wally, farmer and buster built sure made some guys rich when they sold us out.

captain,
too old, too dumb to quit.


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