Former IT&E chief executive officer John Compton is suing the company for breach of contract for allegedly reducing his salary, failing to make his guaranteed payment of $100,000, and failing to pay the salary of $250,000.
Compton, through counsel William M. Fitzgerald, asked the Superior Court to hold Micronesian Telecommunications Corp., owner of IT&E, liable for damages. He demanded a jury trial.
Saipan Tribune contacted IT&E yesterday, but the company has yet to comment about the lawsuit as of press time.
According to Fitzgerald in the complaint, IT&E actively recruited the 62-year-old Compton in 2014 because of his vast experience in the communications industry.
Fitzgerald said that sometime prior to March 5, 2014, Jose Ricardo Delgado, a director and primary stockholder of MTC, offered Compton the post of CEO of the company. That day, Compton accepted the offer.
Fitzgerald said that, on Feb. 17 2017, IT&E reduced Compton’s salary by 20 percent, retroactive to January 2017.
On April 1, 2017, IT&E again allegedly failed to make the guaranteed payment of $100,000 and failed to pay Compton his $250,000 salary.
IT&E allegedly further breached the contract by failing to provide Compton the bonus plan.
Fitzgerald said IT&E informed Compton in April 2017 that it was considering changing his status to that of a part-time employee. (Ferdie de la Torre)