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| Good-bye... So long... Farewell... |
As I started writing this post, I had strains of "Clap on, clap off... the Clapper" running through my mind, with a mental image of a light flickering on and off. While this may sound humorous, I quashed these mental images because this topic is no laughing matter--especially as major changes will affect Jehovah's Witnesses and Bethel family members the world over.
It is already no secret that, as Governing Body members and close associates get ready to move into Warwick in 2016, faithful Bethel family members are to be let go. Major housecleaning has been deemed necessary.
From a financial standpoint, Warwick may prove to be Watchtower's Waterloo: contaminated ground, staggering costs, and what is believed by some: an overall financial situation that is increasingly showing indicators of reaching "critical mass."
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| Dollars Dripping Away? |
Stephen Lett publicly stated that more money was flowing out than was coming in. In other words, there was a shortfall of funds. "Doing the math, we found that the amount of money flowing out will be much greater than the amount of money that we have coming in at this time."
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| Happy Days Are Here Again |
Samuel Herd publicly assured members that major adjustments/downsizing were not due to a lack of financial support. "Please be assured that these adjustments are not being made because of a lack of financial support on your part."
* See previous post to hear these statements via videos.
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| Is the Bank... a Bust? |
Watchtower Money Woes?
In an announcement made to all branches around the world and in a subsequent letter that was to be read to all congregations, mention was made about reductions in the number of branch offices and lay-offs of people working in those branches, and reference was made to Lett's remarks about insufficient funds, which appears to be an indicator that there isn't enough money to cover operating costs in the near future. (This information will be updated as details become available.)
Certainly, it is to be acknowledged that corporations make decisions about operating methods and these decisions, in and of themselves, are not usually considered incriminating. What is at issue is what appears to be contradictory public statements about JW ORG's financial standing.
In the spirit of fairness, we invite the Governing Body to clarify these statements. If any statement made herein is in error, we would be happy to correct it.
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