CAAT Pension Plan Fires CEO Derek Dobson Over $1.6 Million Vacation Payout

TLDR: CAAT CEO Derek Dobson resigned immediately after a $1.6M vacation payout triggered public outrage in 2026. A settlement agreement requires Dobson to repay the controversial 2025 vacation payout to the plan fully. Acting CEO Kevin Fahey appointed five internal senior leaders to restore stability and stakeholder trust. CAAT remains financially strong, with a funded [...]

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