Severance Package

Lawmaker Threatens To Punish College Of DuPage Over $750K Severance To PresidentA northwest suburban lawmaker was threatening to slash state funding for the College of DuPage, after its board of trustees agreed to a $762,868 severance package for the community college’s retiring president.
Metra Puts $1.3M Pricetag On Former CEO Clifford's DepartureMetra has released a list of the money it has paid out in connection with the controversial departure of former CEO Alex Clifford, along with a number of reforms it has enacted as a result.
Ousted Metra CEO Wants Job BackA lawyer representing former Metra CEO Alex Clifford says his client would like to return to work at the embattled suburban Chicago transit agency.
RTA Board Slams Metra Board's Severance Deal For Former CEORegional Transportation Authority board member William Coulson said former Metra chair Brad O'Halloran and director Larry Huggins sparked a clash with former CEO Alex Clifford over political hires at the agency.
RTA Audit Says Settlement With Former CEO "Flawed"The Regional Transportation Authority is putting the finishing touches on a sharply critical audit of former Metra CEO Alex Clifford’s severance agreement – and says the commuter rail agency could have gotten out of the contract for a fraction of the potential $718,000 cost.
Madigan Asked Metra To Give Pay Raise To AssociatePowerful Illinois House Speaker Michael Madigan said Thursday he asked senior staff at Metra to consider a pay raise for an associate who was employed at the commuter rail agency, but withdrew the recommendation after Metra's then-CEO expressed discomfort over it.
Head Of Metra Board Defends Severance Deal For Former CEOMetra Chairman Brad O’Halloran defended an expensive severance settlement with former CEO Alex Clifford, explaining the deal was cheaper than a potential lawsuit if Clifford were fired without a parting deal.
Legislators To Hold Hearing On Metra's Severance Deal For Ex-CEOAll 11 Metra Board members — as well as former Metra CEO Alex Clifford — are being asked to appear July 11 before a legislative committee delving into a hefty severance package that could reap Clifford nearly $750,000 over more than two years, lawmakers said Wednesday.
BGA Questions $750K 'Golden Parachute' For Former Metra BossA government watchdog group wants the Regional Transportation Authority to look into why former Metra executive director got a severance package worth up to $750,000 when he stepped down, even though he apparently wasn’t legally entitled to any severance pay.