Monday, February 27, 2006


More TVA Corruption?

If the information I was provided this afternoon is accurate, the Office of the General Counsel at TVA has knowingly violated federal nepotism laws. I'm sure there will be more to come, hopefully in the form of a Congressional audit of the entire executive structure which, despite Senator Frist's best efforts, is still woefully lacking.

Rest assured that this isn't aimed at any of the rank-and-file TVA employees. They are generally excellent in their work and service for the Tennessee Valley. However, much like the corrupt leadership of private corporations like Enron, WorldCom, and Tyco, the entire organization suffers from the greed and audacity of management. One need look no further than the TVA bonus structure to see that such greed and arrogance is not unique to the private sector.

TVA's management bonuses have been a scandal for years. While laying of 1000's of employees the same people get undeserved bonuses and now we the ratepayers have 17% rate increase in less than one year to look forward too also.
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