It sounds like a fairy tale, except it didn’t happen once upon a time; it’s happening right now. And it’s not happening in a galaxy far, far away, but right here in New York City, in a Lenox Hill co-op at 401 East 65th Street. In this 137-unit, 16-story building, the shareholders routinely applaud the work of the five-member board of directors. “There is a lot of trust,” says board president Gerry Maughan, 65, a retired financial consultant. “They know what we’re telling them is not only straightforward but also always in their best interest. I know it’s rare and we have a very unique situation, but we have gone out of our way to build this kind of relationship.” Read the article………………
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