Former Valley Metro CEO keeps $265000 annuity; no severance deal – Phoenix Enterprise Journal

Steve Banta, CEO, Valley Metro

What true Former Valley leadership indicates in order to you: Standing firmly on… more

Former Valley Metro CEO Steve Banta could keep his $265,000 annuity, remain on payroll by means of Jan. 4 and be compensated Former Valley 18 times accrued individual occasion off.

Banta leaves Valley Metro together Former Valley with money entitled by simply Former Valley his contract, but the two boards associated with directors failed to authorize just about any separation payment or agreement.

Steve Banta, CEO, Valley Metro

What true leadership indicates in order to you: Standing firmly on… more

Banta’s annuity, that ended up being section of his employ agreement, elevated annually under the actual Former Valley contract terms, as well as includes a existing worth of $265,000. He gets to keep that will money, which is entitled no matter performance issues.

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