You are the news now

THE NEWS COMMENTER

VOTE  (0)  (0)

Trump fires chair of Tennessee Valley Authority, calls for ouster of CEO over high pay

Added 08-03-20 04:43:02pm EST - “President Trump announced on Monday that he was firing the chair of the Tennessee Valley Authority and called for the ouster of its CEO after lambasting the federally owned corporation for hiring foreign workers and for allowing the…” - Foxnews.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Foxnews.com: “Trump fires chair of Tennessee Valley Authority, calls for ouster of CEO over high pay”. Below is an excerpt from the article.

This material may not be published, broadcast, rewritten, or redistributed. ©2020 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.

President Trump announced on Monday that he was firing the chair of the Tennessee Valley Authority and called for the ouster of its CEO after lambasting the federally owned corporation for hiring foreign workers and allowing the CEO to make what the president has recently called a “ridiculous” salary.

Trump told reporters at the White House that he was formally removing chair Skip Thompson and another member of the board, and he threatened to remove other board members if they continued to hire foreign labor. Thompson was appointed to the post by Trump.

The TVA is a federally owned corporation created in 1933 to provide flood control, electricity generation, fertilizer manufacturing and economic development to the Tennessee Valley, a region that was hard hit by the Great Depression. The region covers most of Tennessee and parts of Alabama, Mississippi and Kentucky, as well as small sections of Georgia, North Carolina and Virginia.

The president also said the TVA board must immediately hire a new chief executive officer who “puts the interests of Americans first." According to Trump, the CEO, Jeff Lyash, earns $8 million a year.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE