Because 2/7/11 was the date the new Super Cap Law took effect. They obviously wanted to beat the New Super Cap Law and they did. So, Super Dr. Richard 'Build the Trust' O'Malley got a contract above the Super Cap with a starting salary of $209,000 which included 2% raises and 2% bonuses based upon performance.
The Super Cap Law now wouldn't apply to him until this contract expired.
Then, in September 2014 the Board gave him the first double secret early extension on his contract that was to expire on 7/1/15 while he was publicly interviewing for a New Super Gig in another state - hence, affectionally referred to as Super Dr. Richard 'Looking for the Exit Ramp' O'Malley.
So, how long was this Safe-Haven Contract the Board of Mythomania gave him in spite of his intense dedication and loyalty to the People of Downtown Edison by publicly interviewing for another Super Gig elsewhere - it ran from 4/1/15 to 6/30/19 and since this contract now fell under the Super Cap Law, guess what they did for Señor O'Malley?
They applied for and got a Super Cap Waiver!
Yup, you can't make this stuff up! You can read all about this stuff as it was going on in the 2014 and 2015 posts in this blog. But I digress, so let's move on.
And what did Señor O'Malley get in this Safe-Haven Contract? Well, his salary was at $222,854 at the time and it was dropped down to $209,000 but not to worry, this contract included big bonuses and he ended up with a Bonus of $20,900 for that year.
Got to like this contract. While it started at a salary of $209,000, it came with cost of inflation increases of 1.6% through 7/1/17 and another 1.6% from 7/1/18 on. In addition, it came with a Max Bonus of 8% for 2014-15, a Max Bonus of 10% for 2015-16 and 2016-17 and a Max Bonus of 12% for 2017-18 and 2018-19.
So, what does Dr. Frank want to do to protect Super O'Malley before he leaves - give him another early extended contract - this one 2 years early and for 5 years out to 2022.
So, let's see - Señor O'Malley should now be around $215,741 in salary and has earned some $58,960 in bonuses since he started here.
His salary alone was good enough to put him at #16 of the top Paid Supers' in the state. Not Bad!
Now they want to make his contract run retroactively from 7/1/17 to 6/30/22 - another 5 years! Can't say why they want to do this or why they want to do it now because they haven't said - it's a secret, I guess. Of course, can't say what's in it as yet since this new contract isn't available as yet.
But I do know that they're going to have a meeting on September 13th and it will be on the agenda and may even be voted on that night at the Caucus meeting if they turn it into a Public Meeting.
If they're gonna vote on it that night, then you can be assured that Dr. Frank knows his 5 Yes votes will be in attendance.
That's all you need in the 'Game of 5' over there on Mythomania Lane.
Not quite sure when they're going to release this early extension contract to the public to see - before, the day of or after the meeting on September 13th but did get a preliminary indication from Dr. Frank that the contract will now be available next Tuesday (Sept. 5th) for the Public to see and review and they will turn their September 13th Caucus meeting into an Action Meeting and Will Vote on this Contract.
Safe bet is to show up at the September 13th meeting if they post nothing on their website about when they will be voting on it - at the Caucus meeting on September 13th or the Action meeting on September 18th.
While we wait for them to Recognize the often forgotten Stakeholder who pay all the bills, here's a quick timeline of Señor O'Malley's journey into Downtown Edison brought to you by Boards' of Mythomania Led by Maeroff, Iyer & Heelan:
And just to be fair, lets not forget the what happened when then Board President David Dickinson was at the helm of and Led this Bottomless Cash Pit and extended Carol Toth's contract by 2 years after only 13 months into a 3 1/2 year contract and we ended up paying some $488,073 for her to stay home - and brought in the 'Musings of DiMuzio' - his best-est buddy:
Anyhoo, it's too early with 2 years left on Señor O'Malley's contract to extend it for another 3 years - especially when no explanation has been made nor rationale and justification provided to the Public by this Board as to why it should even be extended at all.
Just because there's 5 Yes votes on this current Board doesn't mean it's the right thing to do now and clearly signals this Board is worried about this upcoming election for the 4 open seats.
Sadly, sure seems this isn't about what's in the Best interests of the People of Edison but rather the Best interests of this Board in Protecting their Guy for another 5 years.
But hey, what do I know? I still can't figure out how Dr. Frank could persuade 4 other Board Members to buy into doing this to the resident/taxpayers of this town at this time under these circumstances.
As David Dickinson once said to Gene Maeroff - when you have 5 Votes, You can Do What You Want. That's True and Sure looks like Dr. Frank and the Board of Mythomania are Gonna Do Exactly What they Want and extend this contract out to 2022, whether it makes sense or not!
And they will!
But, at least, let them know they can't do it clandestinely and without your knowledge and understanding and without justifying their actions and support for such an action at this time in a Public forum with the opportunity for Public discussion and input.
Then, pay attention to how they each of them vote on September 13th and Remember on November 7th Who Voted in the Boards' Best-interests and Not Your Best-interests.
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