Walt Packard and his golden parachute.
Three and a half years was the health insurance part of the $200,000 (maybe the health insurance was not included in that figure) golden parachute that McHenry County College Trustees gave outgoing (don’t let the door hit you on the way out) President Walt Packard.
You remember him.
He’s the one that convinced the Board to approve a minor league baseball stadium and to hide pretty much everything that would be spent to build it from the Freedom of Information Act.
No mention that baseball teams have a life of about 5 years and the bonds were 20 years.
Or that the stadium would provide 36% of the revenues but comprise 38.5% of the cost.
He was the one that convinced the board to allow a firm to build the highest broadcast tower in Illinois overlooking Crystal Lake.
He was the one who used the American Flag to keep a prying camera lens from photographing the secret meeting about the broadcast tower proposal.
He was in control when the campus security illegally forced those outside a secret meeting to leave the building.
When the time for his “leadership” expired, he somehow convinced the board to provide the following:
“Dr. Packard will also continue to be enrolled in the College’s medical, dental, and vision insurance plans through June 30, 2010, and upon his retirement as President Emeritus, the College will pay the Board’s percentage share of the premium cost of health insurance coverage for
- Dr. Packard and
for the period from July 1, 2010 through August 21, 2012.”