"Although a federal corporation, TVA receives no federal funding for its operations. “Attacking TVA doesn’t do one thing to solve the pandemic and has no place in federal COVID-19 response legislation," the senator's statement read. I don't know the gentleman, but he's got a heck of a job. Save my name, email, and website in this browser for the next time I comment. Benchmarking other utility peers who are competing for the same talent is the only method available to create a competitive compensation system. Nashville Mayor John Cooper and his senior advisor allegedly misled the public and never intended to reveal the actual number... Colorado Dad Handcuffed in Front of Young Daughter for Allegedly Violating ‘Social Distancing’ Rules, Federal Court Cites Emergency Powers, Backs Texas Abortion Ban. “Those benefits increased Lyash’s total compensation to a record $8.12 million in his first six months on the job, provided he stays for at least the next five years, according to regulatory filings released Friday by TVA. Has to be the highest-paid man in any government (position). For about half of the meals at business events, the average cost per person exceeded the allowable per diem, or daily meal allowance. "TVA’s mission of service requires that we attract and retain highly skilled individuals in a specialized industry," the statement says. ", When asked about adjusting the TVA leader's pay in the pending infrastructure bill, the president said he'd want to reduce it "by a lot.". Salaries posted anonymously by TVA employees. Has to be the highest-paid man in any government (position),” Trump said. They have none, thanks to the Federal government! Follow Chris on Facebook. Tennessee Valley Authority officials reportedly make generous sums of money. As a former federal employee at the U.S. Nuclear Regulatory Commission, Lyash also gets more in pension benefits, which accounted for most of his total compensation package in his first year at TVA.”. TVA provides energy for the “public” but is not accountable to the “public.” It was set up as a government/corporate entity by Franklin Roosevelt and is beholden to whom? Executive Vice President Mike Skaggs received $4.4 million. Tennessee Valley Citizens are livid at the high rates and .local coops add rate increases on top of TVA rate increases and none have gone back down except to industry, I believe. KnoxNews.com then quoted TVA spokesman Jim Hopson, who said Lyash gets his salary from electricity sales revenue — not taxpayer money and Lyash’s pay is lower than that of his industry peers. TVA also provided a statement from retiring Tennessee U.S. Sen. Lamar Alexander. As the White House works with Congress on a new infrastructure bill designed to help offset the country's sudden unemployment problem, the salary of the Tennessee Valley Authority's CEO has suddenly become a hot-button issue. TVA – only one of Roosevelt’s big mistakes. As reported last year, Tennessee Valley Authority executives indulged in an excessive amount of spending on luxuries for themselves, according to an audit.
Lyash, a 57-year-old engineer who previously was Ontario’s highest-paid government employee as head of Ontario Power Generation, became America’s highest-paid federal employee in April when he was hired as TVA’s new CEO,” according to The Times Free Press. The website said new CEO Jeff Lyash received a recruitment and relocation incentive of nearly $1.8 million, on top of other performance pay, incentives and pension benefits. Chris Butler is an investigative journalist at The Tennessee Star.
", “At a time when people are hurting, business leaders and even the president of the United States are forgoing salaries to help those in need, but not the TVA president,” an unnamed senior Trump administration official told The Post, according to the report. The original justification for the high salaries, even back in the 80’s and 90’s, was that it was necessary to attract good people. "TVA employees do not receive federal health or retirement benefits. This is just one of the many examples of how government has overstepped the original scope that “we the people” intended. "As a result of these factors, TVA CEO total compensation numbers compared to other federal workers do not represent an equal comparison.". Salary, bonuses, stock options, stock awards and other compensation information for top executives at TENNESSEE VALLEY AUTHORITY. Email tips to [email protected] Photo “Jeff Lyash” by Tennessee Valley Authority. ", "SEC regulations require TVA to note deferred compensation, such as accrued retirement, each year as part of our annual 10-K report," the statement continued. They kept in place the large increases to us.
According to our data, the highest paying job at Tennessee Valley Authority is an Equipment Services Project Manager at $84,000 annually while the lowest paying job at Tennessee Valley Authority is a Design Technician at $42,000 annually. And.. the country Club running TVA answers to no one under protection of RINOs in Congress whose goal remains to privatize TVA and cash in.by rewarding “investors.”. “It’s outrageous the American taxpayer is footing the $8 million-plus salary in good times, let alone at a time of national emergency,”. © 2020 www.knoxnews.com. President Donald Trump was asked about the bill - and about CEO Jeffrey Lyash's compensation as the head of the quasi-public federal agency - at Wednesday's media briefing. He’s on to them! The NY Post has reported that "there’s a bipartisan drive to cut compensation for Jeff Lyash ... as the White House and House Democrats begin talks on up to $2 trillion in infrastructure spending to offset a spike in joblessness. For 41 percent of events, executives did not reduce their per diem when meals were provided — a violation of policy.”. Steven Nelson, a reporter from the NY Post, asked, "Members of your administration have pointed out that the top-paid federal employee, it's not the president ... it's the head of the Tennessee Valley Authority and he made $8 million last year ...", To which the president interjected: "It is ridiculous, I agree. “Attacking TVA doesn’t do one thing to solve the pandemic and has no place in federal COVID-19 response legislation. being able to offer competitive competitive salaries to get top Management. “TVA’s mission of service requires that we attract and retain highly skilled individuals in a specialized industry,” Hopson reportedly said. “You said Tennessee Valley Authority, right? Email tips to [email protected] Photo “Jeff Lyash” by TVA. When TVA does something that their customers don’t like, where can the customer turn as an alternative? "It has to be the greatest job in the history of government, almost - certainly if you're into money," said Trump. It's ridiculous. It may be true that “… TVA receives no federal funding for its operations.”, but it sure got and gets plenty of government protection. it "provides electricity for business customers and local power companies serving 10 million people in parts of seven southeastern states," according to its website. Just make sure the GS’s rates are posted. Many years ago, now the Courts ruled TVA must fund Recreational Facilities etc at the same levels as the corps of Engineers.
Nashville Mayor John Cooper and his senior advisor allegedly misled the public and never intended to reveal the actual number... As School District Implements Busing Over Near-Unanimous Opposition, Chinese Immigrants See Communism, Plain Dealer Shows It Is Just Plain in the Democrat’ Corner with Dehumanizing Editorial Against Rep. Jordan. “White House staff is unfortunately spreading inaccurate information. Meanwhile, The Times Free Press reported that former TVA president and CEO Bill Johnson received total compensation of $6.9 million, while Chief Financial Officer John Thomas received $3.6 million. "TVA is helping by making $1B in credit available to help 154 local power companies keep the power on for families who may have trouble paying their electric bills during this crisis. It also owns three nuclear power plants. TVA does not receive one dollar in federal taxpayer subsidies or federal appropriations.
When this crisis is over, I’ll be glad to explain to them the facts about the TVA CEO’s pay, which is lower than other big utilities, and TVA’s rates, which are among the lowest in the country, and the number of federal taxpayer dollars going to TVA , which is zero.”.
Recent events have proven that to be ridiculous. The TVA is a federally owned electricity provider that controls dozens of dams built during the Great Depression as a jobs program. ", "TVA’s CEO total compensation is in the bottom 25% of utility peers as confirmed by independent auditors and approved annually by the TVA Board of Directors," Hopson wrote.
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