Duncan Critical of TVA Executive Pay Raises

WASHINGTON –Congressman John J. Duncan, Jr. (R-Tenn.) released the following statement Friday in response to reported increases in pay for top executives at TVA:

“I think some of the compensation is ridiculously excessive.  To give pay raises as high as 50% in times of relatively low inflation is just wrong and unfair to the rate payers.

“Because East Tennessee is one of the most popular places to live in the entire country, TVA can get outstanding people at its top level without paying these extraordinary salaries.

“This is especially cruel in a time when almost all other federal employees have had their salaries frozen and millions of private sector workers have had their salaries go down.

“Unfortunately, because of the present structure of TVA, the only effective way to stop excessive salaries would be to have the President appoint very fiscally conservative people to the board because the board members are the only ones who could stop giving these inflated salaries.”

You can read more on this story in The Washington Times.