Appointment of Joe Woodley as CEO United Association of Equipment Leasing

I was sorry to see that you were "threatened" in the same manner. I would

like to assure you that the Leasing News was not being used by me to further

any personal vendetta or for any other "improper purpose" as claimed by Mr.

Alpers. *

The statements that I made are strictly my opinion and I will stand by them.

Before the dialogue was halted there were two other postings that shared my

basic point of view.

The fact that there has been no comment from the board is the story.

Certainly more than another general testimonial from a personal friend

(Andrew Thorn posted today). This is not about personal references.

It is about a group of leasing's elite taking over a trade association,

making decisions behind closed doors and refusing to

account for themselves when questioned. I have been involved in several

not-for-profits over the years. They are held to a higher standard of responsibility. The silence of the board is some  indication that they are not proud of what they have done.

They should be pressed and you have the only forum to do this.

I ask you to please not be bullied into backing away from the issue.

Mark Coffman

mark@chartercapital.com

*Andrew Alper, Esq., Frandzel, Robins, Bloom & Csato, who have been

retained by Westover Financial.  Leasing News was told the regular attorney

Victor Harris, Esq., also the UAEL Standards and Ethics Committee Chairman,

believed there was a conflict of interest to represent Westover on this complaint to Mr. Coffman and Leasing News, thus the reason for his firm’s name appearing on the fax, utilized by Mr. Alper.

Leasing News has tried since November 30^th to obtain a reaction or comment

from the UAEL sitting officers, chief executive officer, managing director,

 membership director, and Mr. Harris. It is not our position that the board

is “ashamed” of the procedure or appointment.  In our reporting, they were

very proud and looking forward to “new leadership.”

Mr. Coffman has the right to “free speech,” whether he is or isn’t a member of

the association.  He is entitled to his opinion.  Joe Woodley is now a “pubic

figure,” perhaps he was before, but he definitely is now. He and Westover

have entered the public arena.

Leasing News has printed the story of the appointment from an interview with

president Chuck Brazier and Managing Director Joanie Dalton, plus the

many e-mails of congratulations.  It was complimented by officers

of UAEL, as were the series of support. To date, there has been no “official” comment

or reaction to these three e-mails printed on November 30^th 

The “no comment” will not make the story go away.  The issue is not whether Mr. Woodley

is a popular person, a great guy, a golfer of renown---please read the following:

I, too, am a fan of Joe Woodley...who isn't? But I agree with Mr. Coffman,

that a membership company should not be running a trade organization. Yes,

it's probably more cost efficient, it's easy because he knows the

organization and its members, but there should be a separation.

 I don't  believe, no matter what you say, that anybody can be completely objective

if it comes down to an issue that involves the UAEL and something that

would affect Mr. Woodley's company. The UAEL should take the time and money

and hire an outside CEO.

 This has absolutely nothing to do with Joe  Woodley's ability, I would make the comment if any member organization  became CEO.

Sincerely,

Deborah J. Monosson

President

BOSTON FINANCIAL & EQUITY CORPORATION     

20 Overland Street

Boston Massachusetts 02215

617-267-2900

617-437-7601 Fax

Visit us at http://www.bfec.com