U.S. Rep. Zach Wamp, R-Tenn., today blasted the Tennessee Valley Authority for raising the pay of the utility’s president less than a month after raising TVA electric rates.
Rep. Wamp, whose congressional district includes the most TVA employees and facilities, said raising TVA President Tom Kilgore’s potential compensation package by $500,000 to $3.27 million is unfair when “many families in East Tennessee have been struggling to pay their bills during tough economic times.
“It defies common sense that following TVA’s biggest rate increase in three decades, the TVA board of directors would approve such a significant bonus package,” he said in a statement released today. “This isn’t fair to the many hard-working TVA customers who will have to tighten their belts even further to pay ever-higher electric bills.”
However, U.S. Sen. Lamar Alexander, R-Tenn., chair of the TVA Congressional Caucus, said today he doesn’t think Congress should try to micromanage TVA.
“The TVA board should be sensitive to keeping its costs down, especially at a time when Tennesseans are hurting,” he said. “But TVA is the largest utility in the country and it’s got to recruit competent people to run the agency, including its nuclear plants, and it need pay them a competitive wage in order to keep them.”
TVA compensation consultants estimate Mr. Kilgore will be paid 45 percent below the industry average even with the pay increase adopted Thursday.
Good job of shmmozing there Lamer, whats your kickback. The economy is very bad right now and if kilgore can't give up some of his lifestyle like the rest of us, he should be fired and take a working class job to humble his elitist attitude. His pay being below the national average only shows that the others are also overpaid. I gaurantee there is a qualified person out there who can and would be willing to do the same job, just as good, if not better for less money. Capitalism is killing this country. We need to knock these rich arrogant types off there pedestal and give them a taste of the wrath of the people. NO OBAMA, Russia has already proven that socialism doesn't work. It's time to do to the government what we did to the brits a few decades ago.
For someone with a $3.27 million yearly income, recent increases in groceries, gas, etc. are barely noticed. To the rest of us a 20% increase in electrical power takes any extra we have for clothing, medicine, toys for the christmas tree, car repairs,etc. Tom and TVA should be ashamed, but I think most of those with money in this country could care less. Their attitude is its our fault we're not rich, Like everybody could be rich if they wanted it bad enough. God have mercy on them come judgement day.
This is a bunch of bull. Enough is enough. We the people need to stand up and say stop, we're not going to take this anymore. And the sad part is we don't have anyone in the up coming election who should be president. Which ever one that gets elected is not going to be because he is the best but because no one wanted the other. It's true we are in a sad state of affairs.
I meant to say whet we did to the Brits a few centuries ago. REVOLUTION
Ok lets see. I'm going to get a 5.3% cost of living increase on my disability (thats about 57.00 Per month). My average electric bill is 100.00, before the 20% incress. I got my new bill its about 120.00 now. That will leave me about 37.00 more. As long as gas and other basic items don't go up in the next year. The CEO was making 2.7 mil., he is now getting 3.2 mil. per year. That is about a 20% increase for his pay. It's nice to know where that 20% increase went to. And can anyone tell me what makes anyone worth that much pay. I don't understand. Did he cure world hunger or make peace spread thru out our world all of sudden. Or did he cure all things that harm our children in the world. I just don't understand. Help me and others understand please.
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