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Old 04-14-2011, 02:00 PM
 
Location: The High Seas
7,372 posts, read 16,010,151 times
Reputation: 11867

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Quote:
Originally Posted by Majin View Post
I've been told I have a pretty nice package.
Fontucky! Do you want to handle this?
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Old 04-14-2011, 02:04 PM
 
Location: Escondido, CA
1,504 posts, read 6,150,568 times
Reputation: 886
Quote:
Originally Posted by Lovehound View Post
That's 4 years as manager and 15 years in previous positions. And it's $600K guaranteed by her contract (contract!) and $350K in blood money, er... I mean $350K because BART decided to pay their estimated lawyer's fees to fight and lose a lawsuit, in exchange for her agreeing to not sue them.

Was she worth it? Heck if I know. I probably haven't been on BART since before she started working there.
They are never worth it, but they always get this kind of money. The only way you get someone with decent managerial experience from the private sector, is by promising them salary and golden parachute commensurate with what they would get in the private sector.

Here's a company of roughly the same size as BART:

CGI: Summary for Celadon Group, Inc. Common Stoc- Yahoo! Finance

When their former president left in 2007 after six years of employment, he got a year of pay, about $200k in cash, 35,000 shares of stock (worth approximately $600k at the time), and a bunch of stock options.

I couldn't find anything about the salary, but, in a slightly larger company in the same industry

http://finance.yahoo.com/q/pr?s=WERN+Profile

the CEO makes $1.07m/year and the president/COO makes $660k/year.

Last edited by esmith143; 04-14-2011 at 02:14 PM..
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