Ryan leaves MDHA on a severance high note

Phil Ryan, the recently resigned executive director of the Metropolitan Development and Housing Agency, will receive a severance package valued at least a year's worth of his salary. That amount was $152,880 in 2012.

It is worth noting that many folks (if they are so fortunate) get for their severances one week's worth of salary for each year worked at their respective places of employment. Ryan was at MDHA for 21 years, with the last 11 of those as ED. Using the aforementioned formula, he would have received no more than approximately $62,000.

Our colleague Ken Whitehouse has the story at The City Paper's site.