Tuesday, July 28, 2015

Council Awards Financial Contract to Retired Staffer

NOTE: This post has been corrected.

Council Awards Financial Contract to Retired Staffer


NOTE: This post has been corrected.

Council today also announced that they are awarding $150,000 in financial consulting contracts -- $125,000 to Charles McPherson, a retired Council employee, and up to $25,000 to Econsult/Fairmount Group.

McPherson retired April 9, 2009*, after 37 years of service. He last served as Council's chief financial advisor and left with a $528,434 DROP payment. Before his departure, Verna tried and failed to get his retirement date extended by a year.

McPherson has been volunteering for Council since his retirement. Under state law, McPherson could not bid on a Council contract until a year had passed since he left his job.

Council President Anna Verna said Council did not have the expertise to do financial analysis without outside help. She scoffed at the idea that the McPherson contract was an inside deal.

“That’s not true,” Verna said.

*The original version of this post said McPherson retired April 9 of this year, but he actually retired in April, 2009. PhillyClout apologizes for the error.

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About this blog
William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
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David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
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