As we talked about in the post about the IDI victory last week, David Wilmot has been under considerable public scrutiny for his excessive salary while he pays his staff poverty wages. The Washington City Paper digs deeper into the issue in this week’s edition.
IDI may not have enough money to boost the weekly take-home salaries of its grunts, but it does have enough to give “excessive” pay to Wilmot and IDI’s chief executive officer, Ronald Raghunandan, according to a report from the city’s Office of Inspector General.
This summer, an IG report found that Wilmot’s $261,000 2008 salary was about $80,000 over industry standards. Wilmot’s more current salary data isn’t known, but tax records unearthed by a previous LL show that Wilmot’s annual IDI pay has gone as high $346,743, which he earned in 2003.
In addition to the excessive salary Wilmot collects from IDI, IDI loaned $55K to a member of its Board of Directors in 2002, with no signs of payment back as of 2008. If that wasn’t bad enough, IDI loaned Wilmot himself an additional 300k in 2001!
But wait, there’s more…..As a high powered corporate lobbyist for clients like Big PhRMA, he has been paid $203k in the first half of this year according to lobbyist disclosure records.
It is unconscionable how someone so flush with cash can cry poverty when his employees at IDI must use Medicaid for health coverage.
Odoms also complained to LL about IDI’s low pay for lower-level workers. She says that whenever workers approached management about raises, “they said they didn’t have any money.”
Armed with the truth about David Wilmot’s finances, the employees of IDI will begin negotiating a contract to improve their wages, benefits and training. Let’s hope David Wilmot begins treating the people on the other side of the table with the respect and dignity they deserve.