Jul 9
2024
OTB lawyer says buyouts A-OK
Henry Wojtaszek at a January OTB meeting. Photo by Garrett Looker. An outside attorney representing Western Regional Off-Track Betting Corp. says the agency is not covered by a state law designed to prevent public authorities from offering so-called “golden parachutes” to outgoing executives. In a written opinion provided to members of OTB’s board on Friday, attorney Terry Connors argues that the state’s Severance Pay Limitation Act has no bearing on a June 27 decision by the agency’s board to authorize lucrative buyouts for three departing executives, including CEO and President Henry Wojtaszek. In his opinion, Connors argues that the act,[...]