Nobody Deserves $5.9 Million As A Salary - And Response (3)

Tuesday, November 19, 2013

Will someone please enlighten me on what a person does in his job that "entitles" them to make $5.9 million annually?  In my opinion, many in management positions at TVA are overpaid.  Grossly overpaid.   

What does William D. Johnson do to deserve that kind of money? Doesn't taxpayer money pay these outrageous salaries?  I believe that as an American taxpayer, I have the right to say that if you are in a government position and your salary has the word million in it.....you should be ashamed/ 

Nobody, and I do mean nobody, deserves that kind of money.

And we wonder why our economy is so screwed up.   

Ken Snyder
Chattanooga 

* * * 

Many people including myself share Ken Snyder's chagrin at the TVA CEO Johnson's reported $5.9 million annual salary.  At first glance it seems preposterous that a single person can command that kind of pay. 

But when you note that the head football coach at the University of Alabama, Nick Saban, makes $5.6 million in annual compensation, Mack Brown (Texas) makes $5.4 million, and Bob Stoops (Oklahoma) makes $4.6 million, it puts that TVA top dog's salary in a slightly different perspective.  Dig a little deeper, and you'd find that the Alabama sports revenues (all sports) stand at $143.4 million while TVA's reported revenues in 2012 were $11.2 billion.  Yes, that's billion.  It's safe to say that TVA probably spends more yearly for goods and services than the top three football coaches' salaries combined. 

Of course, being one of the largest electric utilities in the world and providing electric power throughout a seven-state region pales in significance to having a winning football season and a championship ring. 

The TVA CEO's salary is paid from power revenues, not tax money. 

Everett Kidder 

* * * 

First off, let's take a look at the salaries of the top 10 CEO's of utility companies. William Spence is the CEO of PPL Corp. He made $5.1 million in 2011. James Rogers of Duke Energy made $8.78 million. Anthony Alexander of First Energy Corp made $18.3 million. I can keep going but the $5.9 million that is paid to William Johnson is well within the standard for CEO salaries, if not on the low side considering he is responsible for $11.2 billion in revenue. 

In order for TVA to stay viable and running without going bankrupt they need to have the best person running it. That takes a comparable salary to other utility CEO positions for the best candidate to even consider the position. For TVA to attract the best and most talented people to work for them they must be competitive in the market place for employees. If they are not the best, candidates will go to private utilities. 

If you suggest TVA reduce all salaries, then what kind of people will they attract for the jobs they need filled. Offer well-paying jobs and attract the best or low salaries and attract mediocre talent. TVA offers some if the lowest energy costs for the Tennessee Valley in the country and you benefit from that. The "overpaid" CEO and employees are keeping your cost down. 

Also your tax dollars do not go to paying their salaries. They sell electricity. That pays their salaries.    

Sam Bratton 

* * *  

It seems that some feel high salaries are justified because X, Y, Z, companies pay their top people X number of dollars it is only fair to pay TVA's top dog a big, big salary. May be okay if measurable goals that can be measured are set and met by the top people. TVA gives bonuses to top leaders that do nothing to reach projected goals.  

Now others use the old, old argument that no taxpayer dollars are used. Seems to me every ratepayer is also a taxpayer and the money comes from the same pocket. How much income is projected and at the end of the year it is reached a bonus given, say 10 percent, but if missed deduct 10 percent from pay. Would work for me. 

N.D. Kennedy Sr. 
Ooltewah




CCA, Your Failure To Act Is Criminal

Anyone taken into government custody is mandated to be protected in a safe and clean environment, and receive medical care if an inmate complains of symptoms.   The case of the young woman who died at the workhouse is absolutely outrageous and should be a wake up call to the elected persons enabling environments that violate very simplistic standards.  ... (click for more)

The Need For More Behavioral Health Beds Is Real

HCA and CADAS should be ashamed for objecting to Erlanger’s plans to open an 88-bed behavioral health center in Chattanooga. Both are citing a lack of need for more behavioral health beds in Chattanooga as the basis for their objections to Erlanger’s request – which is completely laughable.   HCA and CADAS would be far more credible had they been honest in their objections. ... (click for more)

Pinkston Says Offer Was Made To Dismiss Lawsuit Against Him If Prosecution Of Detective Burns Was Dropped; Judge Greenholtz "Greatly Bothered" By Any Such Offer

District Attorney Neal Pinkston said at a hearing Tuesday that an offer was made to drop a lawsuit filed against him by Gatlinburg detective Rodney Burns if he would dismiss two perjury counts against Burns. The district attorney said he should not be disqualified from continuing to prosecute the case or else attorneys would begin suing him or the judge to get a new DA or trial ... (click for more)

2 People In Critical Condition After 3-Vehicle Crash On Highway 58

Two people are in critical condition after a three-vehicle crash on Highway 58 on Monday night. At approximately 8:13 p.m. , officers with the Chattanooga Police Department responded to a motor vehicle crash with injuries in the 5400 block of Highway 58.  One of the involved vehicles flipped on its top causing the occupants to be trapped inside the vehicle. The ... (click for more)

Gray Ange New Silverdale Baptist Baseball Coach

Gray Ange, who has been at Silverdale Baptist Academy since for one year, is branching out. Tim Couch, Silverdale’s athletic director, announced Monday that Ange has been selected as the Seahawks’ new baseball coach. Ange succeeds Jonathan Adcock as the Seahawks baseball coach. Adcock, who resigned in July, remains at the school and teaches math. Ange has served ... (click for more)

East Hamilton Gets First Volleyball Win For Brian Wood

The East Hamilton Lady Hurricanes had lost two tough district volleyball matches to start the season, but new coach Brian Wood had complete confidence in his team prior to Monday’s non-district match at Silverdale. Turns out the veteran coach knew what he was talking about as the Lady Canes beat the Lady Seahawks in three straight, winning by scores of 25-22, 25-17 and 25-20. ... (click for more)