http://almanacnews.com/square/print/2014/02/16/sequoia-hcd-ceo-gets-another-big-raise


Town Square

Sequoia HCD CEO gets another big raise

Original post made by Jack Hickey, Woodside: Emerald Hills, on Feb 16, 2014

Editor, at the February 5, 2014 meeting of the Sequoia Healthcare District Board of Directors, CEO Lee Michelson was given a 5.35% raise to $192,800 per year. The increase was retroactive to his anniversary date of April 27, 2013 which will cost the District another $10,000. Lee has also opted to take advantage of the CalPers health insurance benefits offered to Directors and employees at an added cost of $13,160 per year.

The CEO manages 1 fulltime and 3 part time employees. He oversees distribution of property tax derived assets and revenue of $17,000,000 and $10,000,000 per year, respectively. These funds are dispensed in a manner more suitable to a philanthropic organization. Michelson, a fund raising superstar, is also a member of the Silicon Valley Chapter of the Association of Fundraising Professionals, which awarded the District the outstanding corporate Grant-Maker award in 2011. No surprise that the District was nominated by no less than seven of its grant beneficiaries who received a total of more than $700,000 of funding from the Sequoia Healthcare District that fiscal year.

If the District survives efforts to dissolve it, look for a Tramutola crafted parcel tax election in your future as Lee hones his fundraising skills.

Comments

There are no comments yet. Please share yours below.