Attorneys who work with associations can't recall similar situation in which board lacks the authority to terminate a CEO Deutsch What turned out to be the ultimate in job security for one association CEO quickly became a PR nightmare after several members bolted in protest because of their inability to fire him. According to media reports, several major companies pulled out of the New York City-based American Securitization Forum because they were unhappy with bonuses paid to Executive Director Tom Deutsch, as well as the way the group's governance was structured. Some of those companies have since started a separate association, the Structured Finance Industry… Read More