Daley’s stipend for sitting in on Coke board meetings would pay the pension of five city workers.

When Richie Daley, facing polling numbers in the teens, announced he was leaving the 5th floor to Rahm Emanuel, he was offered a job by Coca Cola CEO Muhtar Kent.

It should be noted that Coke CEO Kent was paid $29,115,573 in 2011 and $30,460,186 in 2012.

Richie was given a job on the Coke Board of Directors. The job required Daley attend a few meetings a year for which he receives compensation.

In 2012 Daley received nearly $180,000 from Coke.

The Center for Economic and Policy Research points out that during his tenure as mayor, Daley consistently failed to make the required contribution to the city’s pension funds.  This practice continues under Rahm Emanuel.

Emanuel has been pushing for Springfield legislation cutting city pension benefits modeled on Senate Bill 1 which cut state employee benefits.

The average city retiree pension is $33,000

Daley’s stipend for sitting in on Coke board meetings would pay the pension of five city workers.