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Article: Administrator blasts California County's underwriting choice of Grigsby Brandford. (Marian Breitbart of Alameda County, California)
- Article from:
- The Bond Buyer
- Article date:
- January 26, 1994
- Author:
CopyrightCOPYRIGHT 1994 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES -- An administrative official for Alameda County, Calif, resigned yesterday and released a blistering four-page letter that criticized the way county supervisors handled the underwriting selection for a huge pension bond deal.
Marian Breitbart, an administrative analyst who worked on financings, said in her letter that she has "significant concerns" regarding the capability of the senior manager -- Grigsby, Brandford & Co. -- "to get the ~best deal' for the county in this transaction."
The handling of the matter by the five-member board of supervisors "also puts staff in a rather awkward and somewhat compromising position," Breitbart said. ...