Wednesday, October 31, 2012

New Arizona Commerce Authority president offered $250,000, bonuses


 
New Arizona Commerce Authority president offered $250,000, bonuses
Campbell: ‘There is no way to describe this compensation package other than excessive’


STATE CAPITOL, PHOENIX – House Minority Leader Chad Campbell, D-Phoenix (District 14), released the following statement after a news report revealed that the Arizona Commerce Authority’s Chief Executive Officer Sandra Watson today was offered a compensation package that includes a $250,000 salary and up to $87,000 in bonuses.

"There is no way to describe this compensation package other than excessive," Campbell said. "This is nothing against Sandra Watson, I believe she is qualified for the job, but a two-year salary package that could potentially cost taxpayers $674,000 is not warranted for this position.

“Watson stands to make significantly more than any state agency director, even without the bonuses. My guess is most Arizonans would be thrilled with a $250,000 base salary, with or without a bonus structure of any kind. The only good news is that apparently Team ACA, a private fundraising organization for the Commerce Authority, will not be contributing to Watson’s compensation. This will help prevent the potential for a conflict of interest. But that one good piece of news is overshadowed by this incredibly expensive and outrageous taxpayer funded salary package." 


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