Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Chat with the Candidates & Exam Committee
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Chat with the Candidates & Exam Committee First Ballot Candidates are posted - Post questions to candidates here!

Reply
 
Thread Tools Search this Thread Display Modes
  #31  
Old 07-11-2019, 12:49 PM
campbell's Avatar
campbell campbell is offline
Mary Pat Campbell
SOA AAA
 
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
Posts: 88,543
Blog Entries: 6
Default

Recording will be available on SOA site soon, and there will be a second webcast in a couple weeks for those who couldn't go today.
__________________
It's STUMP

LinkedIn Profile
Reply With Quote
  #32  
Old 07-11-2019, 01:00 PM
L!sa's Avatar
L!sa L!sa is offline
Member
SOA AAA
 
Join Date: Aug 2008
Studying for Nothing!
Favorite beer: Oatmeal Stout
Posts: 174
Default

No change in member experience, and no real limitations experienced in our current structure. I remain unconvinced.
Reply With Quote
  #33  
Old 07-11-2019, 10:22 PM
JWRobinson JWRobinson is offline
SOA CCA AAA
 
Join Date: Jul 2013
College: University of the West Indies
Posts: 15
Default Not So Sure About This

The US actuarial profession is self-regulated. This has its benefits, but it also means that its leaders are accountable to no-one (other than the law). I consider this lack of accountability as a structural weakness.

There are two facts of history that Fellows (who will vote) should consider:
1. Within the last ten years, two SOA presidents initiated actions which caused "volcanic eruptions" in our relationships with other actuarial organizations.
2. In both cases, the actions were supported by the Board. Another way to look at this is that had the Board done more to prevent the actions, they might not have have occurred.

The presidents involved believed that they were acting in the best interest of either the SOA or the profession as a whole. However, there is little doubt in my mind that the effects are still being felt and contributed to the failed merger with the CAS.

It is human nature, not a matter of ill-will, that when we human beings are not accountable to someone, we WILL act unaccountably at some time. I believe this applies even more to persons who wield power.

Providing an SOA president with a 501(c)(6), with no meaningful accountably, demands careful consideration by us Fellows. I see two troubling possibilities:

1. He/she can act unaccountably with the 501(c)(6); or
2. He/she can act unaccountably without it.

There is a real risk here that ten years from now, an ambitious SOA president will seek to tread on the turf of the Academy. We can't count on today's promises and FAQs to prevent it, and we can't count on the Board in place at that time to vote No.

In Jamaica we have a saying: "Prevent is betta dan cure". Based on these considerations, I am inclined to prevent another source of potential disruption from being allowed to take effect.

I am not satisfied that there is anything that the SOA wishes to pursue that is prohibited under our current status. Nothing I heard today changes that. If someone heard otherwise, please share.

Once done, this step cannot be undone. Fellows, the future is in our hands. Choose wisely.

Thank you.

John Robinson
Reply With Quote
  #34  
Old 07-12-2019, 09:09 AM
Jmanthethief Jmanthethief is offline
Member
SOA
 
Join Date: Dec 2009
College: Missouri S&T
Posts: 36
Default

Quote:
Originally Posted by JWRobinson View Post
T
There are two facts of history that Fellows (who will vote) should consider:
1. Within the last ten years, two SOA presidents initiated actions which caused "volcanic eruptions" in our relationships with other actuarial organizations.
Would you mind actually explaining what actions you're talking about here? (coming from a younger actuary).
Reply With Quote
  #35  
Old 07-12-2019, 09:28 AM
campbell's Avatar
campbell campbell is offline
Mary Pat Campbell
SOA AAA
 
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
Posts: 88,543
Blog Entries: 6
Default

Quote:
Originally Posted by Jmanthethief View Post
Would you mind actually explaining what actions you're talking about here? (coming from a younger actuary).
There is one specific instance I can think of where it really was just one person pushing it, where it was a surprise to the SOA Board (not to mention the rest of the actuarial world) and the Board went along with it: the attempted hostile takeover of the CAS

There were a few other ancillary actions that occurred later, such as the "bright idea" to spam the CAS membership... though I don't know if that's the fault of one person, or just stupid ideas infecting an entire group.

Lawsuits, etc.

I made a slideshow on some of the battle of the actuarial societies a few years ago:
https://docs.google.com/presentation...it?usp=sharing

If you can't get to google drive, try this one:
https://www.linkedin.com/pulse/battl...-pat-campbell/

Now, I put that together back in 2015 [and the links to SOA stuff may no longer work, as they've "refreshed" their site at least once since then. They like doing that]. Many things have changed since then, and I believe one of the things that has changed is decision-making processes of the SOA Board (I don't know that for a fact, though.)

Another thing that has changed is that the SOA & CAS have made nice to a certain extent, but I'm not sure that bad blood re:the Academy is gone (that's a whole different issue). It took a lot of work to try to undo the damage from one person's idea, popped on the actuarial community in 2011.
__________________
It's STUMP

LinkedIn Profile

Last edited by campbell; 07-12-2019 at 09:32 AM..
Reply With Quote
  #36  
Old Yesterday, 05:11 PM
working girl's Avatar
working girl working girl is offline
Member
 
Join Date: Dec 2001
Posts: 3,286
Default

Thanks for the attachment & Q&A summary!
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 01:00 AM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.11990 seconds with 10 queries