Word: hsa
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Dates: during 1980-1989
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Sources close to HSA management disclosed the events of the board discussions. The directors themselves said they could not comment on them...
That meeting, similar to a shareholders' vote, allows about 360 HSA members who meet wage-earning minimums to elect board representatives and vote on changes in the bylaws, managers said. Students said the general meeting offered them their only chance this year to affect the governing body's membership...
Originally, the undergraduates called for placing a total of 15 students on the board. But they later withdrew that proposal when senior directors said such a change might jeopardize HSA's tax-free status as an educational organization by reducing the ratio of older members to students...
Student managers of HSA's 12 agencies said this week they have feltincreasingly powerless and intimidated byprofessional staff members. Since 1983, when thedirectors doubled the number of professionals tosix, they have played a growing role in directingthe company's fortunes and helping it show aprofit after several money-losing years...
...HSA employs more than 1300 students and earnsover $2 million each year, with net incomesbetween $20,000 and $50,000 in each of the pastfive years, Selwyn said. HSA is also requiredunder its charter to provide a fixed number ofwork-study jobs