Indianapolis school superintendant: $800,000 in a lump sum retirement payout, and that's not all:

[Contrary1]

$202,000, or about $1,300 per day, to serve as "Superintendent Emeritus" for 150 days.

$628,467.98 in unused sick time.

"Indianapolis - A newly-hired attorney is investigating a local superintendent's retirement deal that provided a huge payout on top of his pension.

The contract has parents and the district upset.

It was a retirement windfall from a controversial contract, creating a million-dollar payout for a school superintendent.

<snip>

In fact, since negotiating the payout in 2007, Wayne Township has had to eliminate 85 staff and 8 teaching positions to save money in the district's shrinking budget.

More: http://www.msnbc.msn.com/id/41900128

My personal favorite BS excuse: "...the contract was complicated, and the board didn't realize at the time how lucrative it was for Thompson."

[DeSwiss]

1. And he did it all.....

...without a union.

- K&R

[rpannier]

2. That's so great

I love it

[somone]

3. Superintendents are trying to outdo each other in corruption, greed and assholery

It's like that all over the place.

[Boswell]

4. hey, he's not a teacher

so it's OK!

[SoCalDem]

5. Some contracts are easily broken...but not his?

:grr: