Quote:
Originally Posted by pointman
NYRA is mandated by the bancruptcy court to have Getnick & Getnick oversee their operations, this is not a discretionary fee they are paying. Heffernan is really trying to say that they are getting a good deal considering that Getnick is working at 2001 rates and have voluntarily given them free work through credits and discounts during NYRA's toughest financial times, therefore justifying the fee schedule as a necessary and fair deal for NYRA. This really demonstrates the shoddy work by DiNapoli's office by questioning an expense without doing the work to understand why it is necessary.
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Maybe I phrased my question wrong. I understand why Getnick & Getnick is there. That firm's hiring was a political sop to Spitzer as part of getting the franchise. My question is the following: now that their responsibilities as a court-appointed monitor are over, what exactly is it that they do to justify the high fees they are generating?
07-13-2010, 07:58 PM
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