By: ESRL

ESRL
Thu, 27 Aug 2020 18:58:16 +0000

In summation, Past-President Drake will be paid a $133,792 “performance bonus” on top of a $200,000 retirement contribution for remaining as President through the end of June. Much to the public’s delight, Drake took a 10% voluntary pay reduction, yet the performance bonus (equivalent to 15% of his base salary) and the retirement contribution (equivalent to 22.4% of his base salary) means he technically received a 27.4% raise, or roughly $244,000.

In a time of economic devastation, did Drake deserve to earn nearly 1.2 million dollars?