Trump wants to cut pay for TVA's CEO 'by a lot' under COVID-19 infrastructure package

President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Wednesday, April 8, 2020, in Washington. (AP Photo/Alex Brandon)

President Donald Trump wants to cut the pay of TVA's chief executive, who Trump said "is paid a lot of money" to run agency that "when we want them to do something for us they are not there for us."

During a news conference at the White House on Wednesday night, Trump questioned the $8.12 million compensation package give to TVA President Jeff Lyash, a former Ontario Power Co. CEO who was hired to head the nations biggest government utility a year ago.

Trump said he wants to "reduce by a lot" the executive pay for Lyash, who is the the highest paid federal employee in America, as part of an infrastructure package being negotiated to spur the U.S. economy.

"I don't know the gentleman, but he's got a heck of a job," Trump said about Lyash when asked about proposals to require TVA to cut executive pay.