Is this a bad idea? As I was looking at news, I saw that BART is going to have to pay $1 million in severance to the outgoing director. And then I remember that Nathaniel Ford, who still hasn't managed to find a better job than being the head of the MTA here in San Francisco, has what is essentially a pay or play contract that makes it economically almost impossible to terminate. And I wonder to myself, whiny are entities funded by our tax dollars paying CEOs as if they were the heads of GM or Goldman Sachs?
Essentially they are just hired civil servants, right? I'm not trying to put down civil servants. I'd like to go back to being one. But why should the head of an agency that underperforms, as in the case of Mr. Ford, have a golden parachute that makes it nearly impossible to get rid of them. Especially when he has made it clear that he does not want to stay in the job.
Maybe we need an amendment to the city charter which prevents these types of contracts are being offered or allowed. I know the argument is that it will cost us good people at Lulu's two other municipalities. But so far, it hasn't brought us anybody who's delivered on any of the lawfully mandated minimum requirements either.
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