Newscoma

KAG reports this:

Within weeks of the largest rate increase for consumers in recent memory, TVA has upped its CEO’s salary to $850,000.

I am speechless. Even if their only interest is in public relations, this is a bad, bad move. Just as with Palin’s $150,000 wardrobe makeover, it’s bad form to lavish money like this when your fellow Americans are in a world of hurt.

I couldn’t agree more with her post. People are wondering what they are going to do and then you read about crap like this.

It’s a half of a million dollar raise.

Meeting in Nashville, board members approved improving President and CEO Tom Kilgore’s compensation from about $2.7 million to $3.27 million, effective with the next fiscal year.

Kilgore’s base salary of $600,000 has remained the same since he became CEO in 2006. He said after the meeting he would not decline the board’s decision to raise it to $850,000.

Un-Damn-Believable.

I guess will just burn fires in the yard to keep warm this winter. The deal is done already. But it doesn’t make the burn of this any left.

Everyone I know, including myself, are looking at getting part-time jobs.

It’s a sinking ship for some folks.