Latest Executive compensation News

This May 8, 2020, photo shows Rehoboth McKinley Christian Hospital in Gallup, N.M. Of about 500 medical and support staff, at least 32 hospital workers have become infected, and doctors and nurses say that they all live with the fear of spreading the virus to their colleagues and relatives. (AP Photo/Morgan Lee)

Audit probes New Mexico hospital that was overrun by virus

Sep. 15, 2020 10:53 PM EDT

SANTA FE, N.M. (AP) — A special audit of management contracts is raising concerns about weak financial controls, executive compensation excesses and potential profiteering at a county-owned hospital on the edge of the Navajo Reservation that became overwhelmed by the COVID-19 pandemic. The state auditor's...

Consultant to review utility CEO pay after Trump criticism

Aug. 27, 2020 4:33 PM EDT

NASHVILLE, Tenn. (AP) — The Tennessee Valley Authority has hired a new independent consultant to take a fresh look into its executive compensation after President Donald Trump earlier this month blasted the CEO as being “ridiculously overpaid," the federal utility's board chairman said Thursday. At...

This photo provided by the Tennessee Valley Authority shows CEO Jeff Lyash. On Wednesday, April 8, 2020, President Donald Trump took a swipe at Lyash's compensation, suggesting the executive's pay was too high. (Courtesy of Tennessee Valley Authority via AP)

Trump puts utility in crosshairs over foreign labor, CEO pay

Aug. 18, 2020 12:43 PM EDT

NASHVILLE, Tenn. (AP) — When he joined the Tennessee Valley Authority as CEO last year, Jeff Lyash offered up a lighthearted goal in an interview: to never be "on either end, good or bad, of a presidential tweet.” Turns out, that was too much to ask for. Thanks to President Donald Trump, Lyash has...

W&M president, other top leaders taking pay cuts

Aug. 15, 2020 11:18 AM EDT

WILLIAMSBURG, Va. (AP) — Top leaders at the College of William & Mary are taking pay cuts in response to financial uncertainty related to the COVID-19 pandemic. President Katherine Rowe will ask the governing board of the Williamsburg school to decrease her compensation by 15% through the end of 2020,...

FILE - This Jan 22, 2020, file photo shows a Ravn Connect airplane landing at the airstrip in Toksook Bay, Alaska. The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants $250,000 in bonuses to be awarded to its chief executive and other employees. Alaska Public Radio reported that RavnAir Group filed the request Tuesday, Aug. 11, 2020 in Delaware bankruptcy court. (AP Photo/Mark Thiessen, File)

Bankrupt Alaska airline seeks bonus for its chief executive

Aug. 13, 2020 6:27 PM EDT

ANCHORAGE, Alaska (AP) — The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court,...

Federal utility board to review CEO pay amid Trump complaint

Aug. 11, 2020 2:06 PM EDT

CHATTANOOGA, Tenn. (AP) — A federal utility’s board plans to review its CEO pay amid ongoing criticism from President Donald Trump, the board's chairman said Monday. Tennessee Valley Authority interim board chairman John Ryder told the Chattanooga Times Free Press the board will look at the...

President Donald Trump speaks during a meeting with U.S. tech workers, before signing an Executive Order on hiring American workers, in the Cabinet Room of the White House, Monday, Aug. 3, 2020, in Washington.(AP Photo/Alex Brandon)

Trump fires TVA chair, cites hiring of foreign workers

Aug. 3, 2020 7:11 PM EDT

WASHINGTON (AP) — President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, criticizing the federally 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...

Santee Cooper will freeze utility rates for next four years

Jul. 31, 2020 11:26 AM EDT

MONCKS CORNER, S.C. (AP) — Santee Cooper Utility will freeze rates for all residential, commercial and lighting customers starting this month through December 2024. The 4-year rate freeze stems from a settlement agreement in a class-action lawsuit filed by customers after the South Carolina utility...