Diana Diamond: Big changes afoot in City Hall in 2008
Original post made on Dec 24, 2007
Read the full story here Web Link posted Wednesday, December 19, 2007, 12:00 AM
on Dec 24, 2007 at 8:43 am
I'm not sure if Benest had a parachute in his contract, but I bet he did.
One possible explanation for giving a "retiring" City Manager such a nice benefit, is that the City Council got him to "retire" voluntarily in exchange for a severance package that is probably worth something close to the value of the parachute in his contract.
The City Council could publicly "fire" the City Manager, but that kind of thing is usually avoided by both parties.
It's hard to compute the value of the deal, but the City is not coming out of pocket with a wad of cash, and it's also somewhat humane not to boot the guy out of his house just to liquidate the asset.
on Dec 26, 2007 at 1:53 pm
So .. We ARE a charity...!!! Yippie...!!!
Please let the new would be city manager know.....!!!!!!!
on Dec 26, 2007 at 11:06 pm
PACF, Palo Alto is ANYTHING but a charity fund. People here have to work for their income.