Huge salaries for TVA executives are not exactly news. The new chief financial officer as of this week is John M. Thomas III, 46, who is to be paid $520,000 salary, have an annual salary “incentive” of up to 65 percent of his pay, and a long-term incentive plan for up to 125 percent of salary.
But he also gets a $450 car allowance—every two weeks. Or, $900 for four weeks.
Thomas was promoted from within TVA; he had been head of human resources, and before that was TVA’s controller.
A News Sentinel FOIA request earlier this year revealed that Chair Tom Kilgore and Kimberly Greene, former chief financial officer, each made over $1 million. There were 17 employees with a combined salary of $7.3 million.