SSB's Merlene Bailey hands in letter of resignation
News coming out of the social security last week was that the Board of Directors had voted to terminate CEO of SSB Merlene Bailey. However, reports of Bailey’s presence at the SSB office yesterday also made the news as there were questions about her presence at the SSB office. Media reports are that the board was to meet this afternoon to terminate her, but as predicted, she submitted a resignation letter before the board had the chance to terminate her. In a release issued today by the social security board, -quote “the board of directors accepted on February 20, 2012, the letter of resignation from Mrs. Merlene Martinez as the CEO. Her resignation was tendered due to negative public criticism and its impact to her family and her Christian Community, as well as, to protect the SSB from negative publicity.” End quote. The press release also says that no member of management and staff who made additional payments to reduce their mortgage balance below the $50,000 threshold after September 30 benefitted from the write offs. It also states that Ms. Denis Mahler, Internal Audit Services, was not terminated and returned to work yesterday. Mrs. Leticia Vega continues to act as CEO of SSB.
