A Job for Matt Hegarty
According to a report on Blood-Horse, the Jockeys’ Guild paid Matrix Capital Associates, the consulting firm owned by Guild president Dr. L. Wayne Gertmenian, $412,000 in consulting fees in 2003, an increase of 12% over 2002 when Matrix was paid $375,903. Matrix took over management of the Guild in 2001, and the organization has been the subject of much criticism since last fall for letting its catastrophic insurance policy for members lapse. The question I keep coming back to when I read these articles about Guild finances and Matrix is this: What is Matrix Capital Associates? It’s been a registered corporation in the state of California since 1982, but prior to 2001, the only mention I can find of it online, in Lexis-Nexis, or in any other database, is on Dr. Gertmenian’s curriculum vitae as the publisher of his “Economath Primer.” After 2001, the only company or organization that it appears in connection with is the Jockeys’ Guild. So, I wonder: In its 20+ years, what other organizations has Matrix Capital Associates done consulting work for? And what exactly is the consulting work it’s doing for the Jockeys’ Guild now?
