Talk about a deal, gotta be some sort of blackmail payment. He must have the 'goods' on them...
The Armey $8 million parachute
By MAGGIE HABERMAN | 12/7/12 12:21 PM EST
One of the strangest elements about the Dick Armey retirement from FreedomWorks is the $8 million settlement he struck on the side with a board member, Richard Stephenson, a friend who is paying him in installments.
There has still been no good answer given as to why a board member would make such a generous, out-of-pocket parachute available in a situation that involved Armey departing because of a fight over another official's book deal.
A spokeswoman at Stephenson's company did not respond to a phone message about why he is making this payout.
As POLITICO's Ken Vogel reported, the official, President Matt Kibbe, and Executive Vice President Adam Brandon, were placed on administrative leave ahead of the election.
The group worked hard to keep word of the impending Armey departure quiet ahead of the election. When I asked Brandon about it shortly before Election Day, he dodged the question — and when I asked specifically about a settlement, ignored it.
When Vogel asked him about getting a copy of the settlement, he replied, “Settlement has noting to do with us, I read about it in the [AP].”
http://www.politico.com/blogs/burns-haberman/?hp=bh
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