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OTB Boss Still Making $125K/Month
By
Jen Chung
Published Dec 27, 2010
Modified Dec 27, 2010
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By
Jen Chung
Published Dec 27, 2010
Modified Dec 27, 2010
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A little OTB update: Yes, it's still dead and its employees have been put to pasture...except for CEO Gene Rayburn. Earlier this year, it was noted that Rayburn was being paid $125,000 a month and it turns out he's on payroll through January 14. The Daily News reports, per the governor's office, "Rayburn has stayed on to 'finish everything up.' The restructuring specialist is dealing with the outfit's remaining issues in bankruptcy court and is making sure money owed to various creditors and staffers is paid out... By the time he is through, Rayburn will have been paid at least $750,000 for six months on the job. His predecessor made $175,000 annually."
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Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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