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    Saturday, June 03, 2006

    What are the details of Reccord's severance package? Every Southern Baptist should know!

    We have heard that his "get-out-of-here deal" is in the neighborhood of $250,000 a year, with all the standard benefits. We don't ask this to pick on Reccord, but this is an indication that the appropriate controls do not exist to prevent a SBC Agency head from going off the reservation, so much so, that he would have to be offered an elaborate severance package to leave.

    This is not an appropriate expenditure of our CP dollars!

    This from Pastor Tad Thompson's blog

    NAMB Problems Will Cost Southern Baptists Millions

    An insider reported to me that the BoT of the now infamous North American Mission Board forced three, top level, resignations before Dr. Reccord resigned his post. Each of these resignations are reported to have included nice severance packages for up to 18 months.

    Did you realize that Dr. Reccord had two years on his contract that had to be bought out? If you estimate and do the math this could cost us over 1.5- 2 million dollars in CP funds when you include the double salaries that will be paid out.

    To bad most of us pastors don't have buy out clauses in our contracts...wait a second, I don't thing I even have a contract.

    posted by Arkansas Razorbaptist at 6/03/2006 09:06:00 AM


    Blogger Tad Thompson said...

    Batman - as a point of clarificatio, in my figures I also estimated the other severance packages being paid. This means that my 1.5 to 2mil figure is a very conservative number. It may be more.

    I also know that the three resignations were forced and were desinged to get to Reccord. These guys were "his" boys, including the Chief Operating Officer of NAMB.

    This is not a cheap way to clean up messes - another sign of incompentence both in the organization an on the boards.

    Saturday, June 03, 2006 2:03:00 PM  
    Blogger Arkansas Razorbaptist said...

    Pastorio Tadio,

    Thankio, youio forio theio clarifictio, Iio wasio talkingion onlyio aboutio Reccordio. Thereio isio moreio casio beingio spentio.

    Youio ario rightio thisio isio anotherio signio ofio incompentencio. Thatio isio a lotio moneyio!

    Batmanio :O

    Saturday, June 03, 2006 2:11:00 PM  

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