- Reuben McDaniel hasn’t been much for filing political disclosures since his 2009 election to the Atlanta Board of Education, racking up $750 in unpaid late or non-filing fees as a result. He’s skipped six campaign finance filings and three annual disclosures of his personal finances that are required by law.
- His apparent lassitude regarding filings with securities regulators could prove more problematic. McDaniel, who’s registered as both a securities broker and an investment adviser representative, has made no disclosure of two liens and an IRS tax obligation, each for $11,000 or more, or a $715,000 loan default. Securities brokers and investment advisers must notify regulators about unsatisfied liens as well as foreclosures and other “compromises with creditors” so that potential investors can access and review them.
Michael Lomax, former Fulton County Commission chairman, has done quite well for himself since leaving town. He’s served since 2004 as president and CEO of the United Negro College Fund, which paid Lomax $1,271,938 last year. That sum included base pay of about $354,000, a partial retirement package of $686,000 and another $96,000 toward his next retirement package, which vests in 2012.
A politically connected CEO and an Atlanta social studies teacher have qualified without opposition to seek four-year terms on the Atlanta Board of Education. So, barring an overwhelming write-in candidacy, Reuben R. McDaniel III (left), president and CEO of Jackson Securities LLC, and Courtney English, a teacher at Best Academy at Benjamin Carson, will be sworn in as board members come January. Under state law, English will need to leave his teaching job to take the board seat.