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AITKEN v. REED

No. 19718-9-II.

949 P.2d 441 (1998)

89 Wash.App. 474

Jack M. AITKEN, a single person, Appellant, v. Betty J. REED and William Reed, et ux., et al.; the State of Washington Department of General Administration; the State of Washington Division of Savings and Loan Associations, Respondents.

Court of Appeals of Washington, Division 2.

January 16, 1998.

Attorney(s) appearing for the Case

Michael Patrick Lynch, Assistant Attorney General, Olympia, for Respondents.

Paul Alexander Lindenmuth, Law Offices of Neil J. Hoff, Tacoma, for Appellant.

ARMSTRONG, Judge.

TAPCO credit union fired Jack Aitken, its CEO, after Betty Reed, the State Supervisor of Savings and Loans and Credit Unions, told TAPCO's Board of Directors that she would remove him pursuant to her statutory authority if the Board did not. For several years, Reed had questioned TAPCO's bookkeeping method of carrying losses in the value of mutual funds owned by TAPCO. During the dispute, Aitken criticized Reed's policy on how the stock losses should...

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