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Atlantic City Caesars Exec Seeks Severance Deal3 January 2001ATLANTIC CITY, New Jersey – Jan 3, 2001 –As reported by the Atlantic City PressPlus: "Caesars executive Gary DiBartolomeo, facing possible license revocation for actions he blames on compulsive gambling, wants to quit his job and is asking the Casino Control Commission to approve a severance package. "DiBartolomeo and Caesars Atlantic City have agreed to a deal that would give him a bonus for last year, a percentage of his salary for this year and next year and continuation of his medical and dental benefits. "…DiBartolomeo is under a three-year contract that expires Jan. 4, 2003, but has been in limbo since the casino commission voted unanimously on Nov. 15 to deny him a paid extension of his six-month medical leave. "…`The severance agreement accommodates the need to provide Mr. DiBartolomeo with financial support while he receives needed treatment for his medical condition,' lawyers Guy Michael and Mark Sandson said in their petition. "…The Division of Gaming Enforcement, which wants the commission to revoke DiBartolomeo's license, will not argue against giving him severance. "…People familiar with the matter say it's likely to be a difficult decision for the commissioners. If they deny DiBartolomeo severance, they could be seen as being cruel to a man who has already endured huge financial losses and public humiliation. "If they grant the severance, they could be in a position of approving a casino's payments to a person who might still be found unqualified for a gaming license. "DiBartolomeo was named Caesars president one year ago. Amid a DGE investigation, he went on paid medical leave beginning May 22 to seek treatment for his gambling compulsion. He stepped down to a vice president's job on Nov. 14, saying he wanted to concentrate on his treatment and his upcoming license-revocation hearing…" |