Glance at the list of the Civic Federation’s Trustees and you’ll see a collectionof Illinois corporate titans. Many of the 16 men and one woman are CEOs, heads of private equity, chairs of boards, investors or hugely successful entrepreneurs. The trustees are listed in the appendix below.
I worked with heavy hitters like these during my career in international finance. They all achieved their success by being demanding investors and great stewards of their shareholders’ money. None of them would ever ask shareholders to pour money into a dysfunctional, bloated and mismanaged company without first ensuring they could clean house.
So it’s surreal to read the Civic Fed’s 2019 recommended budget plan for Illinois. Year after year the group continues to ask Illinoisans to pour billions of dollars more into the corrupt and nearly-bankrupt corporation that is the state of Illinois – while demanding little to none of the hard hitting reforms its trustees would demand with their own money.