The following is a posting from the Anarchist Infoshop website. It deals with the financial set-up of the Trotskyist International Socialist Organization (ISO).
We feel it is important that radicals understand why the backroom financial dealings within pseudo-socialist organizations such as the International Socialist Organization (ISO) as anti-working class.
Real working class organizations run on the rotation of organizational duties and anti-careerism. These principles have guided the WSPUS since its inception in 1916. They also animate such unions as the IWW, United Electric (UE) and the International Longshore and Warehouse Union (ILWU). If an organization pays the staff, they pay them the average members wage. Working Class organizations also limit the length of time members can serve as officers and staff of the organization. These principles are necessary to prevent careerism, staff led organizational conservatism, power cliques and to safeguard internal democracy.
One also has to wonder what effect upon internal organizational democracy the fact that one individual underwrites over $200,000 a year of wages and publication costs. Would such an organization jeopardize their income to take position which the sugardaddy disagrees with?
FB
infoshop.org post:
In the last few years, the International Socialist Organization (ISO) has gotten pretty consistent with their presence in various places; the International Socialist Review is a slick, professional-looking left magazine, and the ISO conventions are attended by thousands. You can set your watch to when they will show up at various spots to sell the Socialist Worker. If you think it is hard to believe that the ISO can pay for all of this with dues money and Socialist Worker sales, especially when publications with no advertising do not turn a profit, then you’re on to something.
According to the 990 IRS forms filed in 2001, the Center received a large donation–perhaps a good chunk of the startup funds, from a man named Kevin Neel, who donated over 1.2 million in stock. The stock acquired by the Center is in Oracle and Phillip Morris. The Center has been selling off portions of this stock every year in excess of several hundred thousand a year, to fund a huge payroll, including $45,000 a year plus benefits to the Center’s president Ahmed Sehrawy. For the year 2000-01, the total payroll in wages and benefits was $185,000 (presumably disbursed to several party organizers and staff-only $27,000 went to pay two officers of the Center.); in 2001-02, over $400,000, and in 2002-03: nearly $500,000. In 2002-03, Sehrawy made nearly $60,000 in wages and benefits.
For the past three years, the Center has also derived its funding from a handful of activists, much of it in cash. What this tells us is that the workers do not support the Center and the ISO–a few men with disposable income do. And given that fact that the Center’s bottom line continues to show a net loss, these funds will soon dwindle, and magazine and paper sales will be as crucial as ever. This is in spite of a net increase of literature sales and monies raised at their yearly socialist conference in Chicago.
In the left, all one has to do is follow the money, to see who controls the politics. More research will reveal specifics on the relationship between the ISO and the Center’s stock “trust fund”. These “trustifarians” simply wear a blue collar. Thing is, who’s on the rest of their payroll is not a matter of public record. And it would be too much to expect an organization for the workers to actually tell the workers who on the payroll.
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