Perth Voice Interactive

FORMER Vincent CEO John Giorgi has been given a payout in the ballpark of $200,000.

The exact figure is hard to calculate as no parties involved will talk, but the council’s most recent financial report shows a $220,000 variation in employee costs compared to the previous month. Acting CEO Mike Rootsey confirms a “major component” of the variation is Mr Giorgi’s payout.

Mr Giorgi’s contract was due to expire December 31 and he’d hoped to get renewed, but councillors voted 7/1 to let him go.

Mr Giorgi went on immediate leave and loyal council staff launched a petition demanding his reinstatement, to no avail. Mr Giorgi came to a quiet agreement with the council that he leave early.

Blowout

The $220,000 blowout in employee costs puts that section 141 per cent over budget, but it can’t all be attributed to Mr Giorgi as the item also covers maternity leave and other pay variations.

The terms of the agreement remain secret, but smart money is he would’ve been paid out his wage until December 31, along with any leave owing. State legislation limits the maximum he can be paid is “the value of the remuneration that the person would have been entitled to had the contract not been terminated”.

The vacant CEO position has been advertised with a pay rate in the range of $201,433 to $302,822.