07/29/10 Alexandria, Virgina — The continuing saga of the City of Bell — and it’s wildly overpaid public officials — today revealed that pensions for three of the former administrators will be withheld… at least until the state attorney general figures out whether or not the crooks are actual law-breaking criminals.
Nonetheless, bureaucrats all over may be looking wide-eyed at the enormous salaries of these public “servants” and wondering if a similar “servitude” would be right for them. Hopefully, the state AG will cut that thought short with a punishment fitting the crime… unless the daydreamers would like to also “serve” a criminal sentence.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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Will this spread out and affect corporate officers? Surely there’s a few companies that pensions would hold enough for a board seat or two.