The bottom line: Stephen Moret, the LSU Foundation’s outgoing president and CEO, will earn $340,000 annually, plus benefits, as the new CEO of the embattled Virginia Economic Development Partnership, The Virginian-Pilot reports. The salary is an 11% increase over the VEDP’s previous CEO’s salary of $305,236. In addition to the salary and benefits, the specifics of which are still unknown, Moret will be eligible for annual bonuses of up to 15%, based on performance. News of Moret’s pending departure from the LSU Foundation broke Monday. Moret, who previously served as Louisiana Economic Development secretary under former Gov. Bobby Jindal, will remain with the LSU Foundation through December. Read the full story.
No decision: Lawyers for Gov. John Bel Edwards and Attorney General Jeff Landry clashed in court Tuesday over the limits of the statewide elected officials’ authority and Edwards’ executive order aimed at protecting LGBT rights. As The Associated Press reports, Baton Rouge Judge Todd Hernandez didn’t rule on Landry’s request to block Edwards from enforcing his executive order prohibiting discrimination in government and state contracts based on sexual orientation and gender identity. He also didn’t rule on Edwards’ request to spell out the boundaries of the attorney general’s authority. Instead, Hernandez asked for follow-up written arguments by Friday and said he’d make a decision quickly thereafter. Read the full story.
Back in business: CVS Pharmacy will reopen at 9 a.m. on Thursday inside the Target store at 2001 Millerville Road. The store has been closed due to water damage from the August flood. The Target store will also partially reopen Thursday, with a grand reopening ceremony scheduled to take place Sunday. Liquor, produce, deli, meat and the bakery will be available to customers on Jan. 15. Target decided to fast-track renovations that were planned before the store flooded. With the pharmacy’s reopening, CVS says patients can access a complete suite of pharmacy care and services, including flu vaccinations and immunizations for illnesses such as the flu, meningitis and shingles.
