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Buyout

NEWS
May 14, 2012 | By Claudia Vargas, Inquirer Staff Writer
The Camden City Board of Education is set to vote Tuesday on a buyout package for Superintendent Bessie LaFra Young, who has drawn sharp criticism for having called out sick for the equivalent of more than a school year of time since being hired five years ago. Young, a former top administrator in the Philadelphia School District who has a year left in her contract, will be stepping down June 30 from her $244,083 job at the helm of the long-struggling...
NEWS
March 16, 2012 | BY DAVID GAMBACORTA, Daily News Staff Writer
THE NEWSPAPER GUILD says it will fight job cuts announced yesterday inside the ivory tower that houses the Daily News , the Inquirer , philly.com and SportsWeek . Recently proposed cuts to the editorial staffs of the papers and the website became official when 19 employees learned that they will be laid off at the end of the month and 21 other staffers accepted a buyout offer. Three managers at the Inquirer also were laid off. At the Daily News , the job cuts included a photographer, a news reporter, a sportswriter, a desk assistant, three part-time copy editors and a part-time editorial assistant.
NEWS
March 15, 2012 | By Mike Armstrong, INQUIRER STAFF WRITER
Philadelphia Media Network Inc. will lay off 19 unionized workers in its three newsrooms - four full-timers and 15 part-timers - and 21 additional newsroom employees have been approved for voluntary buyouts. The layoffs of reporters, copy editors, multimedia content producers, and others at The Inquirer, Philadelphia Daily News, and Philly.com would occur March 31. Five nonunion employees from the three newsrooms, including three from The Inquirer, also were laid off, bringing the total number of jobs being lost to 45. In a statement, PMN said the layoffs and buyouts were a response to "the unfortunate economic conditions that continue to impact" the newspaper industry.
NEWS
March 7, 2012 | ASSOCIATED PRESS
HARRISBURG - A bill designed to limit the taxpayer cost of buyouts for public-school superintendents and to expose the terms to greater public view took a first step in the Pennsylvania Senate yesterday in the wake of a couple of heavily criticized payouts. The bill, approved unanimously by the Senate Education Committee, would require severance packages to be detailed upfront in contracts that are public records. It also would impose caps on the value of buyouts that are negotiated later by school boards and superintendents who agree not to follow the contract.
NEWS
March 7, 2012 | By Marc Levy, Associated Press
HARRISBURG - A bill designed to limit the taxpayer cost of buyouts for public school superintendents and expose their terms to greater public view took a first step in the Pennsylvania Senate on Tuesday in the wake of a couple of heavily criticized payouts. The bill, approved unanimously by the Education Committee, would require severance packages to be detailed in contracts that are public records. It also would impose caps on the value of buyouts negotiated later by school boards and superintendents who agree not to follow the contract.
NEWS
February 24, 2012 | BY DAVID GAMBACORTA, gambacd@phillynews.com 215-854-5994
BUDGET woes have spurred the Philadelphia Housing Authority into offering buyouts to all of its employees. PHA spokeswoman Nichole Tillman said yesterday that it's unclear how many people will apply for the buyout, which is on the table until the end of March. Employees will be offered a lump-sum payment based on the number of years they've worked for the agency. Tillman said that PHA opted to offer the buyouts because of federal funding cuts that left it with a $10.2 million shortfall in its fiscal-year 2013 budget.
NEWS
December 7, 2011 | By Buzz Bissinger, For the Daily News
THE DOCUMENT arrived at my doorstep over the weekend in a plain white envelope. This was going to be big. It was: Former school superintendent Arlene Ackerman's Christmas list. I knew it was going to be a good Xmas for former Queen Arlene. A very good one. First she engineered a $905,000 buyout from her job, which has to make one wonder why the Occupy Philadelphians, instead of camping out outside City Hall to party hearty, did not occupy her house. Then last week she applied to for unemployment benefits of $573 a week.
NEWS
November 30, 2011
GIVEN the outrage that is sure to greet the news that ousted schools chief Arlene Ackerman has filed for unemployment, we're almost afraid to say this, but here it is: We can't help admiring her . . . just a little. The same way we admire the guy who kills his parents and then begs the court for leniency based on the fact that he's now an orphan. Since exiting her job in August, Ackerman has confounded her critics and enemies - first by negotiating a buyout worth nearly $1 million after just three years on the job, plus another $86,000 in unused vacation days.
NEWS
November 30, 2011 | BY JOSH CORNFIELD, cornfij@phillynews.com 215-854-2893
APPARENTLY THE $905,000 in public buyout money wasn't enough. Former Philly schools Superintendent Arlene Ackerman, who was paid that queen's ransom to leave the city, applied for unemployment benefits this month. The school district - which agreed in her August separation agreement not to fight any unemployment claims filed by Ackerman - confirmed her application yesterday. Considering her nearly $350,000 salary in her tumultuous final year leading the district, Ackerman will likely be eligible for $573 a week, the highest weekly benefit provided by the state.
SPORTS
November 10, 2011 | DAILY NEWS WIRE REPORTS
OKLAHOMA PAID former basketball coach Jeff Capel $1.75 million in addition to his monthly salary after firing him following back-to-back losing seasons. According to documents released yesterday to the Associated Press in response to an open records request, Oklahoma continued to pay Capel his monthly salary through the end of June, under the terms of his contract. In addition to that, the documents show that Capel also received $500,000 extra at the end of May and a $1.25 million lump sum at the end of June.
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