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Wednesday, June 29, 2011

Peter Raskind Receives 100% Bonus on Salary From Cleveland Municipal School District

Posted By on Wed, Jun 29, 2011 at 11:17 AM

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That headline, while correct, is a little more than misleading.

Raskind, who served as interim CMSD CEO while the district searched for a permanent replacement for Eugene Sanders, took the job at a salary of $1.

NewsNet5 reports on the financial windfall that will leave him able to purchase not just a junior bacon cheeseburger, but a $1 frosty for a dessert as well.

At his final school board meeting, not only did he receive his dollar, but Cleveland City Council members doubled his salary — giving him another dollar — he also received a proclamation from council that among other things, names July 1 as Peter Raskind Day.

Board president Denise Link handed Raskind the bill signed by all board members.

“He once said to me about a month ago ‘I’ve never seen that dollar’ so I on behalf of the board have the dollar,” Link said as she showed off the signed dollar to the audience at the board business meeting Tuesday night.

There was no vote on how to deliver the dollar bill to Raskind, though we assume a couple board members would gladly have placed it in his jockeys with their teeth.

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