Viewpoint - May 26, 2010

Letter: Mandelkern is best choice for treasurer

Our local school districts have felt the devastating impact of our current county treasurer's loss of $155 million in the Lehman Brothers bankruptcy. As a school board member I've had to make tough budget cuts, reduce services to our students, and lay off teachers, in part because of these losses.

I'm also a certified public accountant and an MBA. We need to elect someone as county treasurer who doesn't view the county's $2.4 billion Pooled Investment Fund as something that they must manage personally by themselves. Managing this size fund requires professional expertise that goes beyond what any one accountant or individual investor is capable of.

We need an individual who has experience in evaluating and hiring professional investment managers who will ensure safety, liquidity, and return for the investors in the fund at the lowest possible cost.

I believe that Dave Mandelkern's background in building companies in Silicon Valley and taking them public, dealing with investment bankers and managing hundreds of millions of dollars of shareholder's money, gives him the proper background and experience to provide the right leadership for the county treasurer's office.

That's why I'm voting for Dave Mandelkern for San Mateo County treasurer-tax collector.

Dennis P. McBride, President, Redwood City School District


Posted by Watch Dog, a resident of another community
on May 30, 2010 at 10:16 am

Regarding the opinion letter by Dennis McBride

If Dave Mandelkern wins the election for San Mateo County Treasurer, he will not have the budget to hire a CPA to handle the accounting, Tax and investment areas of the treasurer-tax collector's office.

Mr. Mandelkern hired CPAs and CFOs in his startup companies, so he clearly understands the importance of having the right people to do the job. Joe galligan is 30 years a CPA, BA in Accounting, MA in Taxation and he has been participating in the County investment committee meetings ever since the Lehman loss.

Dave Mandelkern has never been to an investment committee meeting.

With the current county structural defecit, we need a candidate who can do the job without any help and that candidate is Joe Galligan.

Posted by Jack Hickey, a resident of Woodside: Emerald Hills
on Jun 1, 2010 at 4:10 pm

Where was Dave Mandelkern when San Mateo County Community College District put proceeds of Bonds in the _best game in town_, a.k.a. the county's $2.4 billion Pooled Investment Fund? What roll did he play in the outrageous, unsustainable benefit packages foisted upon taxpayers by his buddies(Teachers, Nurses, San Mateo County Central Labor Council, SEIU), the modern day robber barons.
And now Dave wants to bail out the San Mateo County Community College District with Measure G, an unprecedented parcel Tax.
Just say NO to Dave AND Measure G!
Elect Richard Guilbault Treasurer.

Jack Hickey,
Taxpayer's Advocate,
Elected Member Sequoia Healthcare District Board of Directors,
Candidate for San Mateo County Board of Supervisors.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields