This Is Why You Read the Fine Print: Indy School Board Approves "Superintendent Emeritus"

The Westside Indianapolis Wayne Township School District got a $1 million surprise when superintendent Terry Thompson retired at the end of 2010, activating the retirement package he'd renegotiated in 2007. From the Indianapolis Star: 

Thompson, 64, who retired in December after 15 years with the district, already has received more than $800,000 of his retirement deal, which included a year's base pay at more than $225,000, as well as contract provisions that kicked in hundreds of thousands more.

But that's not all.

The contract also created the position of superintendent emeritus -- a position that has been paying Thompson $1,352 a day since his retirement to advise his successor, among other duties. That amount, over the 150 days laid out in the contract, would pay him more than $200,000 -- bringing the total to more than $1 million.

The school district attorney that reviewed the contract, Jon Bailey, had this to say: 

"In hindsight, I wish I had done more to inform the board," Bailey said, adding that at the time, he thought the board was aware of what they were signing.

More education fun from Reason here

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  • ||

    I love money!

  • Brett L||

    So the superintendant and the school districts attorney knew what was in the contract? I think the board will experience some turnover in the next election. They've got no one to blame but themselves.

  • db||

    They had to sign the contract to find out what was in it.

  • Dello||

    Will we ever reach a day when this is seen as a quant relic of the past?

    Naw, I don't think so either.

  • Hugh Akston||

    "In hindsight, I wish I had done more to inform the board," Bailey said

    Dear Board, you are a bunch of fucking morons.

  • Amakudari||

    "But not as much as I wish I'd brought my own contract before the board."

  • Tim||

    Disgusting.

  • rather||

    ...and he didn't inform the board because he has a similar deal?

  • rather||

    I ♥ crack. Please read my blog so I can buy more.

  • Rather||

    Thank you for whoring my blog
    Love Rather

  • ||

    Oh anonypussy, why can't I quit you?

  • Rather||

    anonypussy, stay away from my man Epi....OTOH, you may teach him something useful-have fun ;-)

  • Jerry||

    Now we just wait until the school board pays another $1 million in lawyer fees in order to get the first million back.

  • ||

    Not a chance.

    They are busy building themselves nice little retirement packages using this one as a model and precedent.

  • Wind Rider||

    So, they've got a bunch of dolts with poor math AND reading skills running the circus, and wonder why their schools are crap. I give up, totally escapes me too.

  • Wind Rider||

    It's not like they broke out in a fight during the meeting where they approved this, or anything.

  • Amakudari||

    "Sit down because you are out of order!"
    "You don't tell me what to do!"
    "While it is true that a spirited debate took place during the meeting in question, Mr. Belcher vehemently denies engaging in any activity that would warrant the filing of a criminal complaint against him."

    Pure poetry.

  • Old Mexican||

    "In hindsight, I wish I had done more to inform the board," [Attorney Jon] Bailey said, adding that at the time, he thought the board was aware of what they were signing.


    "Note to myself: When dealing with tax-fed leeches, also known as bureaucrats, assume they are all terminally stupid."

  • DJF||

    “””assume they are all terminally stupid."“’

    But not so stupid that they forget to pay themselves

  • ||

    I wish I had done more to inform the board

    "I probably should have done my job, but- what the fuck, it's taxpayer money, so it's not like it's a big deal or anything."

  • Brett L||

    Apparently in public practice, presenting your principles with the actual text of the contract and answering any questions they might have is negligent.

  • Vermont Gun Owner||

    Well, when you are dealing with people this stupid, then yes.

  • ||

    Can a school district sue itself for failure to perform its fiduciary duty?

  • Chupacabra||

    More handouts for the rich! OMGZ!!!!

    Oh wait, it's not a corporate CEO....never mind. It's all good.

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