The review of a federal utility’s CEO compensation following President Donald Trump’s criticisms of the pay scale will continue into 2021, according to its board chairman.
John Ryder, Tennessee Valley Authority chairman, said at a board meeting held virtually Friday that results from an independent consultant’s review of CEO pay should be ready for the utility’s board meeting in February.
President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, criticizing the federal-owned corporation for hiring foreign workers.
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.
Tennessee Valley Authority officials reportedly make generous sums of money.