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Thread: Marion Canedo's retirement package is rumored to be close to $250,000

  1. #1
    Member kristop's Avatar
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    Thumbs down Marion Canedo's retirement package is rumored to be close to $250,000


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    I hope thats not the case, its ridiculous.

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    Tony Fracasso - Admin
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    Hey look at the so called exit clause the buffalo houseing authority wrote up for themselves. Does this really surprize you?

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    Member kristop's Avatar
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    No surprise @ all....

    I think this is the scary part.....

    We've come to expect deals like this by our "LEADERS".....

    Government in general is detached from the real world....

    Could you imagine going to work.....telling your boss.....that I will work for x amount of $$$s a year for 6 years.....but negotiate a deal if you leave early that you would get a nice windfall before the job is done.....I would be laughed out of the office....

  5. #5
    Tony Fracasso - Admin
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    Who ws stupid enough to sign the contract in the first place? There's the root cause.

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    Gold Member Night Owl's Avatar
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    OUCH!!!!

    That is an understatement, kristop.

    Canedo knows how tight the money is in the school system now, she must know the impact it's going to have. I always given her credit in what she'd done with the schools, but I never thought 'highway robbery' was in her book.

  7. #7
    Member kristop's Avatar
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    I can't wait to see....

    ....how this plays in the media......

    I hope my source was right........well then again I hope my source was wrong

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    Does anyone know the details behind this? (Maybe the author of the article, I would assume).

    I HIGHLY doubt she's getting a lump sum of $250k. Most likely, it's a pension/benefits spread out over her life.

  9. #9
    Tony Fracasso - Admin
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    Does seem a little far fetched. Details anyone?

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    Res:

    This artcle was posted in the News section. Can the author be contacted to substantiate this?

  11. #11
    Member kristop's Avatar
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    Substanssstsiate,,,

    More info will come out soon.....

    I can't reveal my source......

    BUT....after getting literally no play in the outside media....I re-inquired with da source and they stand by it.......

    But......I did use the "rumored" out.......

    I can say though that the contract for lofty positions are negotiated differently......as is the case in business as well.....

    Look at the James Harris incident a few years back before Canedo took....look what they let him leave with ...a six figure golden parachute....... So it wouldn't be surprising.....

  12. #12
    Tony Fracasso - Admin
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    But......I did use the "rumored" out.......
    Absolutely no rumors should be written about until they are confirmable. Everyone agree? Or the party which states the rumor has to write where the rumor came from.

  13. #13
    Member kristop's Avatar
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    Typically....

    Typically...I wouldn't do it if the source wasn't good........

    But I understand..........

    I'll dig a bit deeper tomorrow.....


  14. #14
    Gold Member Night Owl's Avatar
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    Everyone agree?

    You got it, dude!

  15. #15
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    Kristop: I understand your dilemma, and we'll wait it out.

    Nevertheless, RES - the article should be in an Opinions/Editorial section. By placing it in the News section, it makes everything else there lose credebility.

    Once it becomes substantiated, then you got news!

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