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Old 04-13-2011, 01:33 PM
 
Location: Declezville, CA
16,806 posts, read 39,938,866 times
Reputation: 17694

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Severance package. Get your mind out of the gutter. Not a bad parting gift after less than 4 years service. Was she worth it?

BART manager resigns, will get nearly $1 million
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Old 04-13-2011, 01:41 PM
 
Location: SW MO
23,593 posts, read 37,471,872 times
Reputation: 29337
Quote:
Originally Posted by Fontucky View Post
Severance package. Get your mind out of the gutter. Not a bad parting gift after less than 4 years service. Was she worth it?
Especially not bad when getting fired. And some wonder why the middle-class gets upset.
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Old 04-13-2011, 01:42 PM
 
4,947 posts, read 10,812,108 times
Reputation: 8577
Whoooops....wrong thread...
Carry on
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Old 04-13-2011, 08:05 PM
 
Location: San Leandro
4,576 posts, read 9,160,769 times
Reputation: 3248
The severance is a pittance when compared to her running bart drunk at the helm
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Old 04-14-2011, 10:33 AM
 
Location: Coachella Valley, California
15,639 posts, read 41,032,900 times
Reputation: 13472
That is a nice package!

Apparently we're in the business of giving money away here in the desert too. Several city/county officials were given "golden parachutes" of several hundreds of thousands of dollars. I would have just given them a golden shower!
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Old 04-14-2011, 10:52 AM
 
Location: Escondido, CA
1,504 posts, read 6,151,186 times
Reputation: 886
What would the severance package look like for a CEO of a private company this size?

BART has 3000 employees and $600 million/year in total revenues.
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Old 04-14-2011, 11:16 AM
 
Location: Declezville, CA
16,806 posts, read 39,938,866 times
Reputation: 17694
But did she earn it? That's what I'm axing... I pay no attention to what goes on in the Bay Area, so I was hoping someone would chime in.
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Old 04-14-2011, 11:49 AM
 
Location: SoCal
14,530 posts, read 20,118,288 times
Reputation: 10539
Quote:
Originally Posted by Fontucky View Post
Not a bad parting gift after less than 4 years service. Was she worth it?
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.
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Old 04-14-2011, 12:07 PM
 
Location: Declezville, CA
16,806 posts, read 39,938,866 times
Reputation: 17694
I've never been on BART.
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Old 04-14-2011, 01:48 PM
 
2,963 posts, read 6,261,634 times
Reputation: 1578
I've been told I have a pretty nice package.
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