“As a federal corporation, TVA’s board members serve at the pleasure of the president,” Hopson added. TVA’s latest Securities and Exchange Commission filing showed Lyash received a pro-rated base salary of $445,846 from April, when he was hired, through the end of the fiscal year on Sept. 30, plus a signing bonus of $380,000, and non-equity incentive compensation of over $860,000. The group, led by Kevin Lynn, criticized the TVA for furloughing its own workers and replacing them with contractors using foreign workers with H-1B visas. The president spoke with the U.S. Tech Workers group who raised concerns about what the TVA was doing. All rights reserved. “Let this serve as a warning to any federally appointed board. The ad aired in primetime on Fox News. http://www.usnews.com/news/business/articles/2020-08-03/.. What is needed now is another Marvin Runyon. Trump said the authority was replacing many of its in-house technology workers with contractors who rely heavily on foreign workers under the H1-B visa program for highly skilled 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. Legal Statement. Save my name, email, and website in this browser for the next time I comment. President Donald Trump on Monday announced that two members of the Tennessee Valley Authority (TVA) would be fired and pressed for the removal of the CEO. All rights reserved. “The new CEO must be paid no more than $500,000 a year,” Trump said Monday. Quotes displayed in real-time or delayed by at least 15 minutes. But Republican Sen. Lamar Alexander of Tennessee said the TVA doesn't get any taxpayer money. All while the socialist left was AWOL. The order followed the TVA’s announcement that it would outsource 20% of its technology jobs to companies based in foreign countries. Quotes displayed in real-time or delayed by at least 15 minutes. So that was just a succession of deep-swamp things happening, and it’s a disgrace,” he said. He gets paid a lot of money.". TVA’s action could cause more than 200 highly skilled American tech workers in Tennessee to lose their jobs to foreign workers hired on temporary work visas, according to the White House. “Now, maybe he’ll take a major cut in salary, too. Updated 6:38 PM ET, Mon August 3, 2020 Washington (CNN) President Donald Trump removed two Tennessee Valley Authority board members from their positions and … 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. “He gets $8 million a year. Market data provided by Factset. (Web site of the TVA Engineering Association, Local 1937 of the International Federation of Professional and Technical Engineers) Our new issue, “After Bernie,” is out now. This material may not be published, broadcast, rewritten, Some of the attendees, who are set to see their last paycheck at the end of the month, teared up as Trump read the message. The TVA is a federal corporation created in 1933 to provide power and economic development to the Tennessee Vally. The ad, Lynn said, had an “audience of one," aiming to persuade Trump to stop the TVA from outsourcing much of its information technology division. “All TVA employees are U.S. based citizens,” said authority public information officer Jim Hopson. Legal Statement. No matter how they are paid the money always involves money of tax oayers. Do they grow money trees in the back.of the buildings. SWIFT BACKLASH AFTER TRUMP SUGGESTS DELAYING ELECTION, "It's ridiculous," Trump said in April. “He’s looking to change course and reverse it, and that’s good,” Trump said as the group of tech workers cheered. As Trump was meeting with workers who would shortly be laid off by the authority, he was passed a note from chief of staff Mark Meadows that said Lyash had called the White House and was promising to address the labor concerns. The White House said the order will help prevent federal agencies from unfairly replacing American workers with lower-cost foreign labor. ©2020 FOX News Network, LLC. “Let this serve as a warning to any federally appointed board. Political payoff jobs disappearing under Trump. “The new CEO must be paid no more than $500,000 a … I don't know the gentleman, but he's got a heck of a job. TRUMP TARGETS TVA: President Donald Trump on Monday fired a pair of board members and called for axing the CEO of the Tennessee Valley Authority, the … Makes approximately $8 million or $9 million. ... Let this serve as a warning to any federally appointed board: If you betray American workers, you will hear two words: ‘You’re fired.’”. The region covers most of Tennessee and parts of Alabama, Mississippi and Kentucky, as well as small sections of Georgia, North Carolina and Virginia.