$762,868 Golden Parachute at College of DuPage While the students and taxpayers should be pleased to see Dr. Breuder leave, theyll be angry at this secretly negotiated and outrageously large severance package. $762,868.77 College of DuPage Awards Severance Lump Sum to embattled President Robert Breuder A wanton betrayal of students and taxpayers... Vice Chairman Kathy Hamilton, College of DuPage COLLEGE OF DUPAGE OK PRESIDENTS $750,000 PLUS BUY OUT DEAL By Jodi Cohen and Stacy St. Clair | January 23, 2015 Click here to read Chicago Tribune article chicagotribune/suburbs/glen-ellyn/ct-college-of-dupage-board-of-trustees-20150122-story.html#page=1 COD BOARD SAYS YES TO BREUDERS $762,000 SEVERANCE DEAL By Robert Sanchez and Christopher Placek, Jan 23, 2015 COD President Robert Breuder will never admit it, but our heat helped push him into voluntary retirement. Unfortunately, the board conferred one of the largest severance packages in Illinois history. Just when you thought things couldnt get any crazier at College of DuPage, Board Chairman Erin Birt and a six trustee majority led by Kim Savage, Nancy Svoboda, Dianne McGuire, and Joe Wozniak voted to confer $762,000 in severance to embattled President Dr. Robert Breuder. Only Vice Chairman Kathy Hamilton battled the lunacy. Click here to watch her courageous speech. This is blatant student and taxpayer abuse. By our calculations, over the next fifteen months, Dr. Breuder will make nearly $1.4 million in compensation: roughly $625,000 in salary and benefits and $762,677.77 in a lump sum severance bonus. Just in case you didnt know, College of DuPage is a junior college. Then, theres our unanswered question of Breuders pension: the lump sum will likely be treated as pensionable salary. This means millions in pension spiking to life expectancy. Additionally, Breuders starting pension payment could rival his active salary. Last nights resolution could cost students, local taxpayers and statewide taxpayers millions of dollars. Click here to read General Counsel of State University Retirement System Karen Goodmans response on pensionable lump sums. Compounding matters, the board acted in secret. Breuders golden parachute was negotiated in secret and the details were kept secret- and were not read during the meeting. A copy of the contract extension was emailed out hours after the meeting by the college spokesperson. Click here to read the document. We believe that this violates the Illinois Open Meetings Act. Legal options are being reviewed in regard to an immediate Open Meetings Act lawsuit. In Illinois if youre not suing, then youre just not serious. Help stop the corrupt practices. Please donate to American Transparencys OpenTheBooks For The Good of Illinois ADAM ANDRZEJEWSKI Founder & Chairman, For The Good of Illinois chicagotribune/suburbs/glen-ellyn/ct-college-of-dupage-board-of-trustees-20150122-story.html#page=1
Posted on: Fri, 23 Jan 2015 23:41:05 +0000
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