Press Mention Chattanooga Times Free Press November 14, 2021
Topical Mention
TVA CEO gets $2 million pay boost as agency achieves record profits while cutting rates, debt
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The Tennessee Valley Authority announced a $2.6 million compensation increase for CEO Jeff Lyash, bringing his total pay to nearly $9.9 million—the highest of any federal employee. The raise came after Lyash met or exceeded all major corporate goals in the fiscal year ended September 30, 2021, while TVA achieved record profits and cut rates and debt. The article notes former President Trump had previously criticized such executive compensation at the federal utility.
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TVA CEO gets $2 million pay boost as agency achieves record profits while cutting rates, debt
November 15, 2021
by
Dave Flessner
| Updated November 16, 2021 at 2:48 a.m.
America's highest-paid federal employee got a 35% raise in pay during the past year, boosting his total compensation to a record high of nearly $9.9 million even though former President Donald Trump previously denounced such pay for a government employee as "ridiculous" and urged that it be cut "by a lot."
The Tennessee Valley Authority disclosed Monday it boosted the compensation for its CEO, Jeff Lyash, by nearly $2.6 million in the fiscal year ended Sept. 30 after Lyash helped the federal utility meet or exceed all its major corporate goals over the past year.