IABC looks to 'The 500 Club' for help in bringing its numbers back up

SAN FRANCISCO: The International Association of Business Communicators (IABC) put moves in place to find its way back from the brink of a fiscal abyss last week, vowing transparency and passing the hat around.

SAN FRANCISCO: The International Association of Business Communicators (IABC) put moves in place to find its way back from the brink of a fiscal abyss last week, vowing transparency and passing the hat around.

SAN FRANCISCO: The International Association of Business Communicators (IABC) put moves in place to find its way back from the brink of a fiscal abyss last week, vowing transparency and passing the hat around.

In an e-mail circulated by the group to its claimed 13,500 members, IABC chair Charles Pizzo sought to reassure them and raise short-term capital through a new lifetime membership called 'The 500 Club.'

The Club was the brain-child of Meryl David, an Australian member who sits on the group's new Revenue Generating Task Force. It is open to the first 500 members who send dollars 1,000 checks. The lifetime membership will apply only to national and international chapters, so Club members will still pay local dues.

Members will also receive discounts on some IABC products and functions, along with a pin, a certificate, and an invitation to the group's Leadership Conference.

Pizzo said half the proceeds of the drive will go towards operating funds and half will go to long-term investments.

He said that the group's board had considered a 'special member assessment,' but shelved it in favor of the 500 Club to avoid charging extra 'to make up for inadequate financial controls and financing.'

'Mistakes were made,' Pizzo wrote. 'We must thoroughly understand what those mistakes were and then build an infrastructure that keeps them from happening again.'



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