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Tom Kilgore, CEO of the Tennessee Valley AuthorityPhoto by Angela Lewis /Chattanooga Times Free Press.
The Tennessee Valley Authority boosted the total compensation paid to its chief executive Tom Kilgore to more than $3.95 million in fiscal 2011, or $352,481 more than his compensation package in the previous year.
In a filing with the Securities and Exchange Commission released today, TVA said compensation was increased for all five of TVA’s top executives. Although the base pay of their executives was not increased, total compensation from bonuses and pension payments increased for TVA’s top officers, according to the utility’s annual report.
Kilgore, one of the highest paid federal workers in America, was paid a base salary of $853,269, an incentive bonus of more than $1.8 million and other pension and compensation of another $1.2 million.
TVA Chief Operating Officer Bill McCollum was paid total compensation of nearly $2.6 million, up from less than $2.4 million in the previous year, and TVA Group President Kim Greene was paid a total of nearly $2.4 million, or $49,139 more than the previous year.
“We try to provide a competitive compensation package that rewards performance,” TVA Personnel Vice President Janet Heron said.
Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...
Gee, let's all hate on OWS. There's nothing going on here! He deserves that money. That salary would go a little way toward the people who had their lives ruined by his spill. But hey, let's jump all over those socialist commie hippies for wanting fairness. I don't want to hear a word about higher energy bills from anyone that isn't on the side of OWS. You think the Koch brothers are going to pay your electric bills? Keep sucking that Fox flavored Tea.
and people wonder why people in this country are upset. this is utterly rediculous!!! pay the man when he reduces the rates for what all of us pay for electricity-- they have us as a captive client where else do you get your power??? when the people of this country FINALLY revolt and decide enough is enough people like this will be hanging from every street corner....pay people a decent wage and quit driving up prices for everyone-- and no im not for socialism or communism just FAIRNESS.... moral responsibility needs to be priority!!
Theres not a swinging dick on this planet worth 4 million dollars a year. Isn't this the idiot that was in charge of the Coal Ash spill?
go to right to know and look at the sal.for the top 10 or 20 tva folks!
the one at the bottom of the list makes almost 1 mil. and these #s are for 2009 and 2010!
i was gonna say what tin sold.said but he beat me to it!!
Have you forgotten already? This area went through some of the worst storms in history and OUR TVA and local distributors worked their asses off in horrible conditions to restore power to hospitals, nursing homes, fuel stations and homes in the valley in an incredible timeframe for the damage and they did it safely.
Even with this raise, Kilgore is still well below the average of other CEOs of much smaller utility companies in the region, 10 million less than the same position at Southern Company and you still pay some of the cheapest rates in the nation. Whenever you blabbermouths earn your multiple engineering degrees and become head of a multi-billion dollar company then you can reject a pay raise.
Multiple engineering degrees didn't help him maintain a simple dyke to hold in the waste from his plants now did it?
Also, he is a FEDERAL employee. This pay is coming from everyone, not just our "low" rates.
Yes, his pay comes from everyone who pays an electric bill...
well dimwoody all the trucks i seen out during the storm aftermath had epb on the door. now the dudes out there hangin on a pole in all that mess i can see makin $100.00 per hour BUT in this day and time 4 mil.a year is obscene.
D1Woody, Mr Kilgore or none of the top management in TVA were out during the storms working. The people who did such a good job restoring power will never see any of these bonuses.
Privatize.
People should never forget that real health depends how well you take care of yourself and not what health insurance you carry but I agree health insurance is important for every one. Search "Penny Health" or online for dollar a day insurance plans.
Hambone, That is one of the dumbest comments I have ever read anywhere. No, the CEO of TVA was not out hanging downed power lines during the storm restoration... You are amazing with your insight. Yes, his employees will absolutely receive this bonus. It's astonishing to me that people will post on here without the slightest bit of knowledge of what they are talking about.
well i went back 3 times and reread hambones post and i don't see anything dumb!
now your post on the other hand reeks of t.v.a. employee!!
TVA disappered with the dismissal of Bill Willis, the last true career TVA top manager. His title wasn't some high sounding CEO, COO, President or other such nonsense. He was the General Manager, reporting directly to the Board. TVA's become a revolving door of politico favorites and insiders at the top since. It won't get any better nor ever change.
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