Report Inappropriate Comments

Horace Mann's trustees have now exposted themselves to a risk of action against them by the New York Attorney General. The trustees have breached their fiduciary duty by harming the school's reputation, illustrated by the intensively negative press coverage and public commentary brought on not by the abuse itself, but by the continuing cover-up. This is especially the case now that the trustees know they can settle cases for small amounts, and now that there's no real risk of the school's suffering material financial harm. Arguably, before these settlements (and being able to scope the amount of additional future claims), a trustee might have argued that the downside of investigating and telling the truth outweighted the downside of easing victims' paths to a large financial recovery. (This was always a disingenuous argument, given the school's own assertion that victims' claims were barred by the statute of limitations.) But even taking that old analysis on its own terms, it's clearly now been flipped on its head. Every day they fail to find and tell the truth--allying themeselves with the secret-keepers of the past--the trustees are reducing the value of a Horace Mann diploma more and more, harming current students, their parents, and alumni. One is hard-pressed to understand how the school's and the trustees' individual lawyers are advising them any differently. Until they begin an investigation and tell the facts of what happened, Attorney General Schneiderman should be urged by anyone who cares to take action against the trustees.

From: Alumni demand HM investigate abuse

Please explain the inappropriate content below.