CollectionsBuyout
IN THE NEWS

Buyout

NEWS
September 19, 2011
TO PARAPHRASE myriad deejays, the hits just keep on coming. We're not talking about yet another playing of "Stairway to Heaven," or even "Seasons in the Sun," however annoying you might find that prospect. For people who work for newspapers, the last 15 years or so have been an unrelieved and seemingly unending chain of disasters. I just finished a column for a North Dakota paper about the sudden early retirement of the editor of the Bismarck Tribune, who cited unrelenting personal attacks from bloggers and Internet commenters as his reason.
NEWS
September 19, 2011 | By Susan Snyder, INQUIRER STAFF WRITER
Signaling another major change in Philadelphia School District leadership even while it is about to search for a new superintendent, two members of the School Reform Commission resigned Monday, one of them its chairman. Both Chairman Robert L. Archie Jr. and Johnny Irizarry were appointees of Mayor Nutter, who is charged with replacing them. Their resignations are immediate and raise the question of whether the commission will even be able to meet Wednesday as scheduled.
NEWS
September 8, 2011 | BY DAFNEY TALES, talesd@phillynews.com 215-854-5084
THE ARLENE Ackerman saga came to its official conclusion yesterday as the district cut her a $905,000 buyout check, but not before one more twist of the screw into taxpayers. You're now on the hook for the whole thing. The school district shelled out the total cost of the agreement after public pressure to reveal the identities of anonymous donors who had pledged $405,000 led "almost all" to pull out, according to a statement from the School Reform Commission. Officials delivered the shocking news on the last day to pay Ackerman under the agreement.
NEWS
September 8, 2011 | By Susan Snyder and Kristen A. Graham, Inquirer Staff Writers
The effort to raise $405,000 in private donations to help buy out former Superintendent Arlene C. Ackerman's contract has unraveled, leaving the Philadelphia School District on the hook for nearly $1 million. "The public concerns about the use of anonymous private donations led almost all donors to withdraw their pledges," the School Reform Commission said in a statement released Wednesday night. Ackerman got a buyout of $905,000 - $405,000 of which was to come from donations to a nonprofit with ties to the district.
NEWS
September 2, 2011 | By Susan Snyder, Inquirer Staff Writer
The Philadelphia School District's legal office is reviewing critical public comments that former Superintendent Arlene C. Ackerman made last week about a top district administrator to see whether they violate her $905,000 separation agreement. Just three days after the announcement of the acrimonious end to her superintendency, Ackerman last Thursday ripped chief financial officer Michael Masch on WURD-AM (900) in talking about the district's $600-million-plus budget hole. "People are blaming it on me," she said.
NEWS
September 1, 2011
PHILADELPHIA SCHOOL DISTRICT principals rejected a deal this week that included givebacks to the district. Their union president suggested the district isn't as hard-up financially as it says, and pointed to the recent buyout of Arlene Ackerman, for nearly $1 million, as evidence. This shows that the aftershock - or maybe it's post-storm flooding? - of the Ackerman buyout continues. The anonymous donations to her payout remain a problem. The public has no idea what the donors might expect in return.
NEWS
August 29, 2011 | By Amy Worden, Inquirer Staff Writer
From Massachusetts to California, a rising number of school superintendents who find themselves at odds with their boards of education are enjoying softer landings thanks to generous farewell fees tucked into their contracts. The $905,000 golden parachute announced with the departure last week of Philadelphia School Superintendent Arlene C. Ackerman is by all accounts the biggest buyout bonanza to date, at least in Pennsylvania. But even as Ackerman's exit was making headlines, it was announced that Allentown's school superintendent, former state education secretary Gerald Zahorchak, was awarded a deal that let him stay on as a "strategist" with no specific duties at his $195,000 salary - along with a $50,000 lump-sum payment.
NEWS
August 28, 2011
Reform was slow in coming at DRPA While I agree wholeheartedly with Delaware River Port Authority Vice Chairman Jeffrey Nash that the DRPA has made significant reforms in recent years ("Determined to earn the public trust," July 31), it has not been an easy, or even unanimous, process. For the bulk of my tenure on the board, I was the lone voice opposing the spending of toll and fare revenues on economic development projects. I was finally able to pass a resolution last August to prohibit the agency from using any funds under its control for projects that are not directly connected to the bridges or the commuter train.
NEWS
August 26, 2011
ADD FORMER Philadelphia School District CEO Paul Vallas to the long list of people furious about the $905,000 bye-bye buyout approved this week to send Arlene Ackerman packing. Vallas isn't angry at the exiting superintendent. He's fighting mad at Mayor Nutter for green-lighting the deal and City Controller Alan Butkovitz for laying low as it all went down. Nutter and Butkovitz publicly scrutinized the $180,000 that Vallas received from the district four years ago when he left to run the New Orleans School District.
NEWS
August 25, 2011 | By Kristen A. Graham, Inquirer Staff Writer
Outrage at the Philadelphia School Reform Commission bubbled over Wednesday when it unanimously approved a buyout approaching $1 million for former Superintendent Arlene C. Ackerman. The commission did not offer comment, answer questions, or discuss the controversial package at the raucous racially and politically charged meeting. Ackerman's payment includes $905,000 - from $500,000 in district funds and $405,000 in private, anonymous donations funneled through a nonprofit with ties to the Philadelphia School District.
« Prev | 1 | 2 | 3 | 4 | 5
|
|
|
|
|