Wednesday, September 10, 2014
Raleigh: Where the One-Eyed Man Is King and the "No-Bid Contract" Is Queen
The "no-bid" contract that got the spotlight yesterday went to Washington "turn-around" firm Alvarez & Marsal, whose team of "experts" are earning salaries that would choke a South Carolina mule. The lowest paid Alvarez & Marsal "analyst" -- and there are nine of these cats -- make $242 an hour -- an hour -- and the "principals" of the firm are pulling in between $473 and $394 a freakin' hour.
So, thanks, Aldona Wos, for saving us that money on your salary. We're obviously getting what we pay for.