LSSI Contract in TN Would be a Loss Leader
Source: Library Journal online, September 29, 2006
The Jackson-Madison County Library Board, has agreed to negotiate a contract with Library Systems and Services LLC (LSSI) to manage the library, but not everyone at a recent meeting was on board. Library Board Chair Kathryn Swindle asked LSSI president Frank Pezzanite about the benefits package. "In a commercial sense, there are fairly rich benefits," he said, according to the Jackson Sun. "But it falls short in that there is no pension system. But we do have a 401(k) system."
Thomas Aud, who will retire next month as library director, asked Pezzanite about the company's management fee, in either percentage or dollar terms. Pezzanite said that the company, which is private, chooses not to make that public.