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. <\/p>\n
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.<\/p>\n
Saipan Tribune contacted IT&E yesterday, but the company has yet to comment about the lawsuit as of press time. <\/p>\n
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.<\/p>\n
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.<\/p>\n
Fitzgerald said that, on Feb. 17 2017, IT&E reduced Compton\u2019s salary by 20 percent, retroactive to January 2017.<\/p>\n
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.<\/p>\n
IT&E allegedly further breached the contract by failing to provide Compton the bonus plan.<\/p>\n
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)<\/p>\n","protected":false},"excerpt":{"rendered":"
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