Your company has been cognizant of my website since it’s inception three years ago. Soon after publishing my first blog post, I received a call from a Principal Life Insurance Company attorney, advising if my website contained any information that was not truthful, he was instructed to pursue litigation for defamation.
My goal is not to destroy the financial well-being of Principal employees, nor the company itself, but to protect the financial well-being of hard working Americans through moral corporate governance and compliance. Until Principal acknowledges, at least in part, their wrong-doing to investors this past decade, and makes a good faith effort to reconcile financially with those they have harmed, investors will be at risk for continued abuses from those we entrust most with our future security.
My blog posts have offered truthful and documented research that described illicit activities propagated by Principal over the past decade. These activities violate both State and Federal regulations. My posts also prove Principal’s extreme lack of prudence in the management of 401(k) plan assets. More explicit examples will follow until this matter is resolved. This letter is not intended to belabor your misdeeds, nor should you defend your actions under some twisted language of the “law” that you may believe exonerates Principal of stealing investor’s money.
I am offering you an opportunity to expunge the public record of all activities involving your predecessor and yourself found on my website, through an arbitration agreement to bring closure. The arbitrator will not be a fiduciary for either yourself, Principal, nor myself, the owner/publisher/writer of fiduciaryfactor.com. The arbitrator will be chosen for his moral conviction that crime and corruption cannot prevail where compliance and ethics is a priority within an organization. Mr Volkov has demonstrated a strong ethical standard, and has defended large corporate executives like yourself in major court-related criminal matters. He should meet all standards required by your company to conduct this arbitration in an ethical and reasonable manner.
If you concur with my offer to bring this matter to closure, contact Mr. Michael Volkov at his law firm in Washington, D.C.. His email is email@example.com. I have never spoken to Mr. Volkov, nor have I discussed this offer of arbitration in any form of communication with him. I understand he is familiar with my website and blog, and that we share a common goal of preserving corporate governance and ethics in the corporate workplace. By accepting this offer of resolution, you will find yourself in good company. I will copy this letter to Mr. Volkov and to yourself by email; if Mr. Volkov fails to respond, I will also assume you have refused to accept this offer of arbitration. I ask that you do not, nor any representative of Principal, contact this writer directly.
Dennis Myhre, AIC