No more golden parachutes | Arkansas Blog

Wednesday, February 4, 2009

No more golden parachutes

Posted By on Wed, Feb 4, 2009 at 6:46 AM

Bill has been filed to limit severance packages to departing state employees to six months' pay and benefits in public money. Call it the Lu Hardin bill, a reaction to his million-dollar parachute from UCA.

Funny thing. Sponsors include Sen. Gilbert Baker, a friend of Hardin, beneficiary of favors from Hardin. He was conspicuously and determinedly silent about UCA matters during his hot election campaign last year.

Now he speaks up. After the cash has left the vault.

SPEAKING OF GOLDEN PARACHUTES: How about that deal for the recently departed Tyson Foods chief -- 10 years of "consulting payments," at the rate of $3,000/hour the first five years, cell phone, Benz, corporate jet, bennies.

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