The Orlando Sentinal has had it out for the Orlando CVB for a while. This week, they managed to uncover the terms of long-time CEO Bill Peeper's retirement package...which included a $750,000 payout.
No laws were broken. Bill was smart enough to negotiate a life-insurance-based package in the '90s. And, after 15 years, there was a large sum of money in the account. Good for him. And, good for the Bureau, as it insured that Bill wouldn't take his talents elsewhere.
As with most stories that revolve around CVB CEO compensation, it sounds so much worse than it is. But this one comment from Dan made me laugh:
"Enough with the class warfare, Sentinel. We get that you're jealous that journalists don't earn as much as one of the nation's leading tourism executives. Maybe you should have chosen a different major."