United Way President and CEO Gloria Pace King has hired prominent Charlotte lawyer Bill Diehl to represent her in negotiations with her board of directors stemming from the growing controversy over her pay and benefits.
The board added $822,000 to King's retirement benefits last year, a six-fold increase over the $108,000 paid in 2006. It plans to pay between $450,000 and $500,000 into her retirement account each year for the next three years.
King's salary and bonus make her the fourth-highest-paid United Way executive, according to an Observer survey of 32 agencies. Only the United Ways in New York, Detroit and Miami pay more.
The Charlotte board has said the additional retirement payments were needed to make up for short payments in previous years. It has declined to explain why the catch-up payments were needed or say how it set the size of King's pay package.
Read the full story at CharlotteObserver.com.