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#1 | |
Junior Member
Join Date: Feb 2008
Posts: 47
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![]() Quote :Further the law requires that 7,000 NHRA members vote on these bylaws, and at least three-fourths of those voting must vote favorably for the adoption of the bylaws. Or what? They conveniently left out the part concerning the consequences. They basically decieved the membership into thinking that they must ratify or vote favorably [yes] in order for nhra to continue in business. This was most likely not the case but perhaps a condition to continue the non profit status.Or maybe not even that- since i have not seen the documents. It appears and i say appears that a fraud was perpetrated on the membership some 30yrs ago to get the membership to give up its say in how the corp. was operated. If one could prove that a fraud was committed ,then there may be remedy,because it is negatively impacting members even today. But it would take a good Calif. attorney and some guts. After all it does not state anywhere in that letter that the consequences of approving these changes would cause all of the members to lose any say in how the company was run. We all got screwed 30 years ago , butt [ha] we are just now feeling the pain. So either fight back or shut up and take it. |
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#2 |
Senior Member
Join Date: Dec 2001
Location: Modesto, CA
Posts: 639
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Julie Jordan 7549 STK |
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#3 |
Veteran Member
Join Date: Nov 2001
Location: NOO JOISEY nexta NOO YAWK
Posts: 5,879
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That interview with Carl Olsen took place in the early 90s.Fast forward to 2010.What worked then certainly hasn't worked in the 21st century.
They had a grip on the rules then,the economy was going along fine,multi crew teams weren't here yet,the payouts and contingency weren't rock bottom yet and Olsen was a master of understatement and smoke and mirrors in his assessment of the transition. Soooooo,basically we (sportsman racer in general) got screwed for the benefit of the pros and the upper management of NHRA.That's how I interpret the situation.
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Former NHRA #1945 Former IHRA #1945 T/SA |
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#4 | |
Veteran Member
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Jim Wahl....NHRA #2239 S/SS - IHRA # 8 Stock, D2 Stock Champion (forever I guess) 2019 Baby Gators Stock Champion 2009 NHRA D2 National Open Stock Champion 1982 NHRA D2 West Palm Beach LDRS SS Runner Up Past President, Southern Stock / Super Stock Association. ![]() |
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#5 |
VIP Member
Join Date: Jun 2002
Posts: 1,855
Likes: 83
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Nice spin from the management side of nhra by Mr. Olson. In this interview he failed to mention the fact that the IRS had revoked nhra's not for profit exemption in early 70's. And that they had to scramble, stall and scramble some more to create a new "improved" nhra which included members with voting rights. In 1981 they produced yet another new and improved set of bylaws and asked the unwitting membership to give them the keys to the store. Apparently a majority of the members at the time were unaware of the predatory nature of the nhra executives. The good news is that most of this is well documented and subject to review. Yes, even after all these years.
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Bruce Noland 1788 STK |
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#6 | |
Live Reporter
Join Date: Jun 2008
Location: Buhler, KS
Posts: 527
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Mike Voth 5189 GTN - 5188 GTO Voth Racing |
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#7 |
VIP Member
Join Date: Jun 2002
Posts: 1,855
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Mike,
nhra is currently a 501(c)(6) tax exempt organization, however, it has several serious problems with prohibited activities for this exemption. When we look at nhra we should be looking at the four men who currently "own" nhra. Dallas Gardner, Tom Compton, Peter Clifford and Graham Light. Along with being current/former paid employees of nhra they are the Board of Directors. Most of us should have no problems with nhra. It's the leadership of nhra that has created all the issues that we now face.
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Bruce Noland 1788 STK |
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#8 | |
Veteran Member
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Jim Wahl....NHRA #2239 S/SS - IHRA # 8 Stock, D2 Stock Champion (forever I guess) 2019 Baby Gators Stock Champion 2009 NHRA D2 National Open Stock Champion 1982 NHRA D2 West Palm Beach LDRS SS Runner Up Past President, Southern Stock / Super Stock Association. ![]() |
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#9 |
VIP Member
Join Date: Oct 2002
Location: Greater Boston
Posts: 1,495
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I was a member at the time and I only vaguely recall a letter and ballot. I looked through my old stuff and found nothing. My guess is that I threw it in the circular file. If I find anything I'll post it.
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Bob Don 128 SS |
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#10 | |
VIP Member
Join Date: May 2006
Location: Louisville , KY
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The letter that was sent to the membership was certainly misleading and quite possibly fraudulent. Whether or not anything could be done now about it is uncertain because of the time that has elapsed. A statue of limitations probably would be in force to protect the management and board. The reason I'm looking for a ballot is to see what the wording actually was and try and determine if it was in fact fraud.
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Greg Hill 4171 STK |
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