It’s a good gig if you can get it…
After leaving as Detroit’s Emergency Manager, bankruptcy attorney Kevyn Orr was quickly tapped to do consulting work for a newly-appointed Emergency Manager in Atlantic City, New Jersey. Orr has completed his work there after just over three months and returned to work at his former employer Jones Day last week.
During his brief time in Atlantic City, Orr cashed in handsomely. He billed the city $950 an hour for his expertise for a total pay off of $70,000:
Kevyn Orr, the former Detroit emergency manager who was hired by Gov. Christie to advice on Atlantic City’s fiscal crisis, billed the state at a rate of $950 per hour for his work, according to documents released by the state Attorney General’s office late Wednesday.
Orr’s total compensation was about $70,000 for about three months work, according to state officials. His hourly rate was subject to a discounted rate of 25 percent to $712.50 per hour if he was paid “in accordance with the New Jersey Prompt Payment Act. His contract allowed for up to 16 hours per week, but at either rate, he apparently worked no more than half that. He recently told reporters in Detroit that he’d been spending a lot of time at home with his children in recent months.
He was also permitted to put in for mileage, copying, telephone calls, and other expenses, but not meals.
In contrast, the mayor of Atlantic City Don Guardian makes just $103,000 a year and Atlantic City emergency manager Kevin Lavin makes only $135,000 annually.
Kevyn Orr may have had to weather the slings and arrows of adversity during his tenure in Detroit but it’s now paying off for him. Hugely.
[Keyyn Orr photo from Detroit City website]