Apr 17, 2010

Not much sunshine at NYCOTB today

New York City OTB invites us to tune into its webcast of its Board meetings, to shed an open light on its decision making. With the pending closure of its operations due to occur tomorrow --- and the subsequent cascading effect such an event would have on the state's horse racing industry in general --- I took them up on that offer. 11AM sharp.

Make that not so sharp. The festivities began closer to noon, with the chairman telling listeners that the bankrupt organization had been in executive session all morning -- and then proceeding to read a statement on the decision that came from that closed door pow wow. Statment read, motion accepted; this meeting's done.

I guess board meeting is the new corp-speak for press announcement, while executive session is the new one for board meeting.

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