Home United States USA — Financial ‘Golden Parachutes’ May Be Gone For Public Officials In 2019

‘Golden Parachutes’ May Be Gone For Public Officials In 2019

732
0
SHARE

“Rather than go through the fight and deal with trying to terminate somebody. They’d rather just pay ’em off and push them out the door.”
CHICAGO (CBS) — Parting will no longer be quite so sweet for public officials fired in Illinois.
A new law, effective next year, limits the scope of high-cost, sweetheart severance deals paid by taxpayers. But does it go far enough?
When former College of DuPage president Robert Breuder was forced out in 2015, after revelations about lavish entertainment misspending, Breuder left with almost $770,000 in severance.
When university president Doug Baker retired from Northern Illinois in 2017, after investigations uncovered contracts dished out to his personal friends, Baker walked away with $617,000.

Continue reading...