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  #1  
Old 03-10-2013, 02:37 PM
Trigger Trigger is offline
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Default SOA & CAS: The Last Straw

It seems the conflict between the SOA and the CAS has taken a new turn. The CAS appears to be trying, one last time, to return the SOA to the path of cooperation that has characterized life in the Actuarial Profession for all time. Here is the text of a letter that was sent from the CAS board to the SOA board:

TO: SOA Board of Directors

The CAS and SOA have enjoyed decades of a close, mutually beneficial collaborative relationship. Our organizations have been partners in advancing the actuarial profession on many levels.

We are concerned that the conflicting paths our organizations are taking are unhealthy for the profession and for our present and future stakeholders. We believe it would be in the best interests of members of both organizations and the actuarial profession to work together to find a better way forward.

Our Board is prepared to meet with your Board. However, in the interest of time, we propose that representatives of our Boards meet first to explore options for a more constructive path. We would approach this meeting with no preconditions regarding the structure of the profession.

Time is of the essence given the importance of these issues and the activities already underway. We suggest that we begin discussions as soon as possible.

I will contact Tonya Manning shortly to discuss the potential next steps.

Sincerely,

Gary R. Josephson, CAS President


The full text of the communication from the CAS president to the CAS membersahip can be accessed at: http://casact.org/press/index.cfm?fa...articleID=2183.
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  #2  
Old 03-10-2013, 02:39 PM
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George L. Costanza George L. Costanza is offline
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Is the CAS worried the SOA GI area may be successful?
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Old 03-10-2013, 03:03 PM
Colar Bear Colar Bear is offline
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The CAS' days are numbered. I guess this is their attempt at begging for mercy. I don't see what the SOA has to gain by meeting with the CAS.
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Old 03-10-2013, 03:58 PM
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Colymbosathon ecplecticos Colymbosathon ecplecticos is offline
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Perhaps the CAS Board simply wants to offer the SOA Board an opportunity to reconsider joint exams without losing face.
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Old 03-10-2013, 04:01 PM
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I highly doubt the SOA guys have much interest in playing ball.

I could be wrong, of course. But it doesn't seem to me that the SOA insiders are much interested in compromise or win-win situations. When they put out their merger proposition, they had no real "What's in it for me?" reason for the CAS. It was a matter of "Go along with us, or we're going to take what we want anyway."

It was pretty obvious from the earliest announcement.
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Old 03-10-2013, 04:04 PM
Zzzzzz Afk Zzzzzz Afk is offline
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mmm agreed. seems like the SOA has all chips in the pot already -- no real turning back now.
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Old 03-10-2013, 04:16 PM
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Quote:
Originally Posted by George L. Costanza View Post
Is the CAS worried the SOA GI area may be successful?
No, the CAS leadership is not that concerned.
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Old 03-10-2013, 04:17 PM
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Quote:
Originally Posted by Colar Bear View Post
The CAS' days are numbered. I guess this is their attempt at begging for mercy.
No
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Old 03-10-2013, 05:43 PM
Patriot Patriot is offline
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It's beggin time

Good luck CAS
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Old 03-10-2013, 05:49 PM
Elsaball Elsaball is offline
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Quote:
Originally Posted by Patriot View Post
It's beggin time

Good luck CAS
No one expects the SOA's endeavor to be successful in the short term. In the long-term, no one has any idea if it will be successful. And the CAS has never, and will never "beg" the SOA to change its mind.
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