Bob Clark at Investment Advisor Magazine has written another highly entertaining article. A couple months ago, he wrote a scathing commentary about the then-CEO of the CFP board, Sarah Teslik. It was highly critical of her for, well… I’ll let him tell you:

1) firing most of the [CFP] staff and replacing them with what’s rumored to be a small cadre of former cronies who have no experience with or affinity towards financial planning;

2) coming off like a loony in front of the United States Senate (and the follow up Nightline interview in primetime) by suggesting the widespread challenges of personal finance might be overcome through drugs and gambling; and

3) overseeing the proposal of new ethical standards that include allowing CFPs to choose their own level of client responsibility—which inexplicably resemble the ill-fated “CFP Lite” proposal—and which was met with a predictably similar grassroots outcry by CFPs across the country.

Hilarious. So anyway, she got canned. I’m not sure Bob can take all the credit, as there were not one but two scathing letters from various VIP planners and other professional notables. The letters focused on the new ethical standards that were introduced on her watch.

I’m still trying to track down that Nightline interview.