BattleFlag1776
11-19-2011, 02:03 PM
The darling of the New Deal is once again proving that even when operating at $20+ billion in debt, there is never a bad time to show some financial love to those who work for the tax payer! And guess what? Congress gave them the green light to do so...in 2005!
TVA boosts year-end bonuses despite federal pay freeze
Chattanooga Times Free Press (11/19/2011)
http://timesfreepress.com/news/2011/nov/19/tva-boosts-year-end-bonuses-despite-pay-freeze/
On Wednesday, the eve of Thanksgiving, the federal utility will hand out incentive checks averaging $8,300 to each of its 12,893 full-time workers.
"Despite the federal pay freeze, the Tennessee Valley Authority is increasing its year-end incentive pay by nearly 29 percent over a year ago, distributing a record $107 million to reward workers for exceeding goals for the past years."
"TVA also raised the compensation for its top executives this year, boosting CEO Tom Kilgore's pay and benefits to nearly $4 million for the fiscal year that ended Sept. 30, nearly 10 times the salary paid to President Barack Obama."
BY THE NUMBERS
TVA's "Winning Performance" payments:
• $107 million: Total incentive pay to 12,893 TVA employees for fiscal 2011
• $83 million: Total incentive pay to 12,457 TVA employees for fiscal 2010
• $8,300: Average incentive check to be given to each TVA employee next week, up by an average of $1,536 from last year.
• $3.95 million: Total compensation for TVA CEO Tom Kilgore, up by $352,481 from last year.
Did I miss something? Where was Congress' cry against these bonuses?
TVA boosts year-end bonuses despite federal pay freeze
Chattanooga Times Free Press (11/19/2011)
http://timesfreepress.com/news/2011/nov/19/tva-boosts-year-end-bonuses-despite-pay-freeze/
On Wednesday, the eve of Thanksgiving, the federal utility will hand out incentive checks averaging $8,300 to each of its 12,893 full-time workers.
"Despite the federal pay freeze, the Tennessee Valley Authority is increasing its year-end incentive pay by nearly 29 percent over a year ago, distributing a record $107 million to reward workers for exceeding goals for the past years."
"TVA also raised the compensation for its top executives this year, boosting CEO Tom Kilgore's pay and benefits to nearly $4 million for the fiscal year that ended Sept. 30, nearly 10 times the salary paid to President Barack Obama."
BY THE NUMBERS
TVA's "Winning Performance" payments:
• $107 million: Total incentive pay to 12,893 TVA employees for fiscal 2011
• $83 million: Total incentive pay to 12,457 TVA employees for fiscal 2010
• $8,300: Average incentive check to be given to each TVA employee next week, up by an average of $1,536 from last year.
• $3.95 million: Total compensation for TVA CEO Tom Kilgore, up by $352,481 from last year.
Did I miss something? Where was Congress' cry against these bonuses?