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OTB Planned to Keep Paying 6-Figure Salaries; Now it Won't
By
Sabrina Jaszi
Published Mar 28, 2010
Modified Mar 28, 2010
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By
Sabrina Jaszi
Published Mar 28, 2010
Modified Mar 28, 2010
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The city’s Off-track Betting board issued 1,350 pink slips Friday, and today it’s suspended six-figure pay to consultants and executives—but only after interrogation by reporters. "Until a compromise is forged that saves these jobs, we will suspend our pay," the city's OTB President Raymond Casey said in a statement, but documents revealed he planned to continue paying consultants hired to rescue the organization. According to the News, “Four consultants—two with ties to [OTB] Chairman Meyer Frucher—and two law firms stood to make an estimated $4.5 million through June,” even as scores of workers lost their jobs after the institution filed for bankruptcy, demanding a state bailout. Following inquiries by the tabloid, they’ve been cut off.
Tagged
betting
consultant
gambling
horse racing
layoffs
Off Track Betting
OTB
Sabrina Jaszi
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