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The [Thursday] Papers

"Chicago's school board unanimously authorized more than $1 billion in new bonds Wednesday, in part as a hedge against the possibility that state lawmakers won't come through with help for the financially ailing district," the Tribune reports.

"Board members also approved Mayor Rahm Emanuel's appointment of Forrest Claypool as the district's new chief. He'll be paid a $250,000 annual salary, officials said, but will not have a written contract."

Why? Is this unusual?

Just wondering.

*

Catalyst has the answer:

"That gives the mayor's office flexibility in choosing the next CEO and prevents the possibility of a contractually obligated payout. When Jean-Claude Brizard left after just over a year as CEO, his severance package included a year's salary, plus health insurance for him and his family."

In other words, Claypool is a short-term fixer who will leave the post when Rahm Emanuel decides it's time to hire a real CEO again. In more other words, Claypool is essentially an interim CEO. Which means Rahm will be hiring his fifth schools chief in no time, if you count interim CEO Jesse Ruiz.

*

Catalyst also notes that "The Board unanimously passed every agenda item Wednesday," which got me wondering: Has the school board ever voted No on a single thing?

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United's State
"Chicago-based United Continental Holdings, parent of United Airlines, on Thursday said it earned nearly $1.2 billion in the second quarter, its highest quarterly profit ever," the Tribune reports.

Now they can finally move out of Sycamore and get a bigger office!

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A Grateful Dead Dime Story
Starring Steve Jesus.

Justice, Chicago Style
It wasn't long ago that the entire Cook County Circuit Court was found to be corrupt to the core.

Fantasy Fix: Adrian Peterson vs. Martellus Bennett
Thoughts turn to football.

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TweetWood
A sampling.

*

I was just noting this Wednesday, within "Blago Ruling Indicts Media."

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The Beachwood Tip Line: This is not for you. #subtweet



Permalink

Posted on July 23, 2015


MUSIC - Fan Note: Malcolm Young's AC/DC.
TV - Trump FCC Opens Corporate Media Merger Floodgates.
POLITICS - Illinois GOP Puts Voter Data At Risk.
SPORTS - The Connor Barf Game.

BOOKS - Inside The Book Of The Dead.

PEOPLE PLACES & THINGS - Record Waterfall At Two Rivers.


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