Departures, Budget Woes Roil NASSP
An alarming pension-fund shortfall at the National Association of Secondary School Principals and the dismissal of its top executive have left the 82-year-old organization scrambling to dig out of the crisis.
Revelations that the employee pension fund was $1.1 million in the hole, the firing of Executive Director Timothy J. Dyer, the departure of two other top executives, and the threat of legal action from four former employees, including Mr. Dyer, have rocked the NASSP. The upheaval has depleted morale at the group's headquarters in Reston, Va., and left some principals wondering about the future of their 45,000-member organization.
"I just think the financial picture is one of the darkest we've had since I've been a member, which is over 30 years," said Robert C. Howe, a past president of the NASSP and the director of the Missouri secondary principals' group...
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