Word: coops
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Dates: during 1960-1969
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Five months later, in mid-March, Brown reported to the directors that the membership analysis was complete and that, indeed, there had not been a quorum present October 23. By checking the membership lists against the Harvard, M.I.T., and Episcopal Theological School directories, the Coop ascertained that on October 23 there were 25,252 voting members out of a total membership of 50,299. Five per cent of this number would have been 1263. The alternate slate, therefore, fell 262 short of a quorum...
...voting took place at all last fall. According to Coop records at the time, a quorum would have consisted of 1435 members, while only 1001 were in attendance at Cambridge High and Latin. Brown, therefore, declared the election of the stockholders' slate. No quorum, no meeting. At this point, however, a number of people raised some serious and embarrassing questions about the Coop's method of calculating a quorum. For instance, one student pointed out that the Coop listed 2008 Law School members, while, in fact, there are only 1699 enrolled in the entire Law School. Brown, at the time...
After a spot check of 300 names in the Law School category revealed alumni, M.I.T. grad students, and Business School students included, the board of directors ordered a careful check of every name on the voting list. The Coop personnel who carried out this tedious task made sure not to include anyone as a voting member unless his identity and eligibility were verified. In the process they discovered many duplicate listings. Of the more than 28,000 names checked, 21,029 appeared in the directories...
...this point the directors requested a review of the entire Coop membership. This final check produced another 4223 eligible voting members since many alumni were also faculty and officers, while many graduate students were both alumni and students. Brown sees two reasons for these mistakes. First, some older alumni like their low Coop Card numbers, just as some people get a kick out of low license-plate numbers. These alumni purposely register in the wrong categories in order to keep their numbers...
...make the voting easier and fairer the committee is clearly investigating the possibility of having proxy voting, which would eliminate the need to attend the annual meeting to vote. Coop members would receive a ballot by mail with the stockholders' slate and any other slate which had gathered 25 signatures. Voting eligibility might expand to include all current Coop members. Although this plan would make the voting more indicative of the entire Coop membership, it would diminish the chance of electnig an alternate slate. After the last annual meeting, Louis Loss, William Nelson Cromwell Professor of Law and Coop vice...