Paul, 3 lottery executives paid $300,000 when they quit Georgia jobs

Comment #10

whodeani — Tue, 06 Apr 2004 15:03:19 GMT

This reminds of a situation here in Wisconsin a couple of years back. The Milwaukee County Executive set up a sweetheart of a deal where he was due a $2.6 Million payout when he was to retire from various pension benefits. Talk about winning the lottery. Other county employees were also due high sums of payouts upon retirement. To make a long story short, he would have been recalled from office but retired first and was shamed into not taking the lump sum payout.I think it is crazy that public... [ More ]

Comment #9

Todd — Tue, 06 Apr 2004 14:58:45 GMT

John,I understand your point of view. It's OK to strongly defend your point of view without fearing an argument. I for one enjoy a good debate on a topic like this, and any heat stirred up in the discussion is all good. I certainly wouldn't hold a grudge because you have a different opinion from me (or anyone else), and I think you debate rather well (mainly because you don't resort to personal attacks and stuff like that).My point is, that no matter what the policy is, it's giving far too mu... [ More ]

Comment #8

johnph77 — Tue, 06 Apr 2004 14:24:59 GMT

Todd -Not desiring to get into any sort of argument with you re this thread, I'll make these comments and refrain from any further posts in this thread.Perks and bonuses fall into the category of compensation paid an employee over and above their base salary. Payment of unused leave, however, doesn't, as it represents a payment for the time an employee could have been absent from the job while on vacation or due to illness. The reason most employers put a cap or limit on the amount of vacation t... [ More ]

Comment #7

Todd — Tue, 06 Apr 2004 07:57:21 GMT

My point may have been missed. I have no grudge against Ms. Paul: good for her. I think the GLC has a pretty poor policy as far as executive compensation, allowing an exec to pile up countless vacation and sick days, and then cash them in at the end. I'm not sure what private industry company you're referring to, but I've dwelled at the top levels of private industry jobs for some time, and I've rarely seen such a thing. I've seen lots of perks, but the concept of piling up countless vacat... [ More ]

Comment #6

johnph77 — Tue, 06 Apr 2004 06:14:34 GMT

Actually, this is not at all unusual in private industry at the top levels, what with the golden parachutes demanded by executives even before taking a position. The money paid wasn't actually a bonus, per se, but unused leave. If the Georgia Lottery Corp. was structured as a private industry as it seemed to be neither the pay nor the payment for unused leave was out of line. The corporation established rules that had to be approved somewhere and somehow by state officials. Although Ms. Paul t... [ More ]

Comment #5

Littleoldlady — Tue, 06 Apr 2004 05:30:41 GMT

Why is this so strange for her? I personally don't see anything wrong with it. CEO's get paid millions in benefits, perks, etc on the promise that they will deliver millions in business to their companies. Once the contract is inked, they can collect whether they deliver or not. Even for us poorly paid public servants, we can sell our unused personal days back to the county for 50 dollars each or roll them over into sick leave. When I was in the military, we were sell back up to 90 days in... [ More ]

Comment #4

DoctorEw220 — Tue, 06 Apr 2004 02:26:06 GMT

ok. time for a government lesson. what's the best explination for cutting your ties with a government organization? take something while you leave. bill clinton took a bunch of stuff from the white house before he left. bud dyer managed to get a ton of insurance and pension money for his family when he killed himself. rebecca paul took a ton of money when she left the georgia lottery.

Comment #3

TNmatt — Tue, 06 Apr 2004 02:04:18 GMT

I'm afraid to see what Tennessee's going to pay her when some other start-up pulls her away.

Comment #2

repat — Mon, 05 Apr 2004 18:44:28 GMT

No big thing. We,the lottery players just paid everything for her.

Comment #1

Todd — Mon, 05 Apr 2004 15:28:49 GMT

I'm surprised that no one chimed in on this story yet. Ms. Paul and the other lottery execs got sweetheart deals that execs from most private companies couldn't dream of.Imagine being able to save up all your vacation and sick time from when you first started with a company, and then being able to cash it all in when you quit. Most companies will only let you rollover a week or two of vacation at the end of the year. I've never heard of sick days being rolled over.Sorry, but I think there are... [ More ]

Paul, 3 lottery executives paid $300,000 when they quit Georgia jobs

Lottery Post — Mon, 05 Apr 2004 07:59:53 GMT

When Rebecca Paul quit her Georgia job last fall as the nation's highest-paid lottery director to become Tennessee's lottery chief, she left with one final perk a check for $125,139.The three lottery vice presidents she lured to Tennessee also cashed out when they left, collecting a total of $174,059.Paul and her lieutenants were beneficiaries of leave policies at the Georgia Lottery Corp. that are far more generous than those for any other state workers. Analysts say the policies are uncommon e... [ More ]