weoughtodryrun

Opportunity: Managers get fired--a lot!!!

We ought to see if there is some way to insure the risk of termination--and sell termination insurance. There are a couple of different ways this might work:
**A city manager could buy a termination policy. S/he could decide whether to insure 100%, 75%, or 50% of his salary. There would be a sliding monthly payment—just like RC.
**City Councils may be inclined to insure their risk by buying insurance to cover some portion of their termination costs.
**Could we structure it kind of like ‘whole life’ insurance, so that if a manager wasn’t fired, it could become an additional payment to the CM after some period of time?
**Could a city that paid insurance and never fire a manager, get credit for the amount previously paid when the manager leaves voluntarily, and they wish to provide the same benefit for the next manager?
***

# posted by Jon : 8:12 PM