Submitted by Darren Smith, Weekend Contributor
In the Los Angeles area a quickly drawn school board meeting demanded by members of the public, a hearing was held on the total compensation package of Centinela Valley Union High School District Superintendent Jose Fernandez. The package with salary, benefits, and perks for the calendar year 2013 amounted to $663,365.00. The school district has 6,600 students enrolled. This compares, or rather contrasts, with that of John Deasey, Superintendent of the Los Angeles Unified School District who received a total compensation package of $309,997.00 and enrollment of 650,000 students. President Obama receives a compensation package of $569,000.00
In addition to Jose’s base salary the compensation package included a loan of $910,000.00 to purchase a residence in the affluent Ladera Heights neighborhood with a term of 40 years and an annually compounded interest rate of 2%, half the prevailing market rate at the time.
Is this a compensation package commensurate with the talent brought to the school district or another example of news reports of questionable public employee compensation endemic in California as of late? Much more intrigue follows.
Continue reading “Public Expresses Outrage Over School District Superintendent’s $663,000 Compensation Package”