Take Ron Packard, K12s former CEO. In 2012, he earned a base salary of $625,000, a performance bonus of $584,375, a stock award worth $1.25 million, and stock options worth $1.5 million. But theres more. The company matched 25 percent of his salary for his retirement fund. Now thats a luxurious pension. And who funds this kind of deal? Taxpayers. Contrast that with a public-school teachers average salary of about $50,000 and an annual pension of about $40,000.
Posted on: Thu, 29 May 2014 03:53:10 +0000
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