Being America’s highest-paid federal employee is nice work if you can get it. Just ask that guy – TVA’s CEO Jeff Lyash, who got a 35% raise in pay during the past year to boost his total compensation to a record high of nearly $9.9 million.
How would you like get a $2.6 million a year raise? Yeah! Wouldn’t we all?
How did Lyash do that? TVA’s board members said the 60-year-old former Ontario Power Generation Inc CEO who joined TVA in 2019 helped the federal utility meet or exceed all its major corporate goals over the past year.
Those goals include things like keeping profits up, driving debt down, keeping electric rates low, keeping power production reliable, growing economic development. He did that, according to the board. In fact, the utility saw record profits in the past year while cutting rates and debt.
OK. That’s nice, and those are all fine corporate business goals.