Severed CNB Head Speaks

David Stewart (Photo Courtesy KOTV)

When last we talked, on Friday, CNB’s board was in the process of putting their CEO on leave.  Turns out, this is a very busy board, because they had another meeting today and KOTV Channel 6 was there.

They got a confession from board chairman/funeral service guy Sam Hart saying that CNB “is in great shape, we’re making great strides, we’re in great shape.”

So if we’re in great shape, then why is the CEO taking a leave of absence?   Well, according to Channel 6, the CEO, David Stewart, says he was “placed on a 30 day leave of absence last Friday. He says he hasn't turned in his resignation, doesn't plan too, and he hasn't been asked to resign.”

So if he’s doing a good job and doesn’t want to go, and his boss, the chairman of the board says he’s doing a good job, what gives?

Channel 6 also says “In 2002, Cherokee Nation Businesses had around a thousand employees, this year it has more than 4,500."

"In 2002, CNB's revenue was close to $25-million, in 2012, it's more than $600-million. Stewart says if this is indeed the end of his time with Cherokee Nation Businesses that he's proud of how the company has grown.”

One person who can shed light on this personnel issue, and has, is the speaker of the council, Tina Glory-Jordan, who shared details of the agreement with the media.  She says that Stewart's situation is neither a “termination or resignation but is a ‘standstill agreement between mutual, voluntary partners…”

CNB Head Gets the Scythe

The Tulsa World is reporting that Baker’s new CNB board chairman/mortician is already taking on grim reaper status: Sam Hart announced today, a mere seven days after being named Chairman, that he and the rest of the board told David Stewart, who runs all of Cherokee Nation’s business operations, to leave his office on Wednesday and turned the keys over to Shawn Slaton, who has been with CNB for “more than a decade.”

The World quotes Hart as saying:  “CNB has established the Cherokee Nation as a strong economic engine in the region, and we look forward to continuing that legacy.”

They also point out that CNB made “record profits -- $87.54 million with nearly $600 million in operating revenues…” in 2010.

So if Stewart was in charge of establishing “the Cherokee Nation as a strong economic engine…” and is making “record profits,” why is he gone, exactly?

We've talked about Baker’s habit of replacing Cherokee citizens with a track record of success with his own folks, because, well, they are his own folks.  Among the highlights: having Hart step away from the embalming table to run all of Cherokee Nation’s businesses because he didn’t want the Cherokee who runs a $5 billion bank giving his advice, and replacing the treasurer of the Nation who won awards for excellence with someone who MIGHT be the best CPA in Vian.

It will be interesting to see where he pulls Stewart’s replacement from.