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May 6, 2013- Former Battery Park City Authority Chairman, and former City Comptroller, Bill Thompson, (now running for Mayor) was handsomely rewarded by a minority-owned municipal bond underwriting firm that he selected while comptroller. Columbia Journalism School reports that millions in bond underwriting fees were given to Siebert Brandford Shank & Co. by Bill Thompson the Comptroller. Less then a year later, he took a senior position at the bond firm, and earned $700,000 in salary, according to his 2012 tax filings. All the while, Mr. Thompson was also the acting Chairman of the Battery Park City Authority. Full story here.
Under the Chairmanship of Mr. Thompson, the BPCA fired 19 BPCA staff, and replaced many of them with his own cronies. Anne Fenton and Matthew Monahan were two of them, and they remain employed at the BPCA. Ms. Fenton received a 45% pay raise.
Chief Misinformation Officer of BPCA gets 45% raise during recession
Will BPCA Chairman Thompson replace the 19 fired with his own cronies?