The PBI board, which has many members in common with the PBA board, voted to eliminate the officers and directors of the PBI in April. Lopez said in an interview Thursday that the decision was not made lightly, and the PBI is now being assessed to determine how it should proceed. Property leases and personnel costs will be taken into account, Lopez said.
“It was clear that in order to keep the gold standard of CLE in the marketplace and in order to preserve the brand that PBI has … immediate action had to be taken,” Lopez said.
