Mark Elgart, when not scaring the pants off of local school boards, draws a paycheck of more than $350,000 from this Alpharetta-based non-profit, Advance Education Inc. Tax records show four other senior staffers also earn $150,000 or more.
Former Thomasville hospital CEO Ken Beverly was convicted of Medicaid fraud on Wednesday, two years after he cashed out with a $6.3 million retirement package. The feds charged Beverly and the hospital’s ex-CFO fabricated records so Archbold could collect more Medicaid money. In doing so, a federal prosecutor said, large pensions were “first and foremost on their minds.”
Michael Lomax, former Fulton County Commission chairman, has done quite well for himself since leaving town. He’s served since 2004 as president and CEO of the United Negro College Fund, which paid Lomax $1,271,938 last year. That sum included base pay of about $354,000, a partial retirement package of $686,000 and another $96,000 toward his next retirement package, which vests in 2012.
Atlanta’s public pension funds are $1.2 billion in the hole, largely the result of shortsighted decisions at City Hall over the last eight years. A new report calls, among other things, for slashing benefits for new employees. But those steps won’t help much with the funds’ current liabilities. Legally, the city cannot take back benefits that workers have already earned. Read how four candidates for mayor want to fix things.
President of the non-profit Boys & Girls Clubs of America, headquartered in Atlanta. Her 2007 compensation included $363,000 in supplemental executive retirement benefits.