EIAs Board votes to realign
- July 11, 2007 |
- evans
In a move anticipated for months, the board of the Electronic Industries Alliance voted July 12 to dissolve the trade group that dates back to 1924. The board also agreed by a two-thirds vote to distribute EIAs assets and property to its affiliated organizations. The associations headquarters, at 2500 Wilson Blvd. in Arlington, Va., is valued at an estimated $38 million to $48 million, according to sources with knowledge of the buildings appraisal and board meetings. On hand, EIA has about $36 million in net assets, including $22 million in liquid investments, according to the trade groups 2005 IRS tax records and a source familiar with EIAs balance sheet. EIAs… Read More