What did it cost Richland 2 to "accept" Davis' resignation? $615,000.
$415,518.68, less normal payroll deductions; plus
$124,481.32 for 97.75 days of unused sick leave and 22 vacation days, less normal payroll deductions; plus
$ 75,000.00 to settle all disputed claims.
$615,000
That's about one-half of what he could have gotten, had he held out for 100% of his contract. It was a great deal for him. A $615,000 payday and no fight about it.
Is there any doubt that the bottom drawer of his desk at home was filled with job offers?
Now Richland 2 has to deal with the mess from the S.C. Inspector General's Report.
Remember, that Report was generated for the time that Davis was Superintendent and that the Board was dominated by four trustees who are no longer there.
The new board has to deal with the fall-out of that Report and the costs associated with the clean-up.
Read the termination agreement. How many hours were required to negotiate, write and execute that Agreement? What did that cost Richland 2? Did they pay the whole freight or did Davis, since he "resigned", pay for it?
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