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Federal utility board to review CEO pay amid Trump complaint

Last week, President Trump called on the board to fire Lyash and pay the new CEO no more than $500,000 a year.

CHATTANOOGA, Tenn. — A federal utility's board plans to review its CEO pay amid ongoing criticism from President Donald Trump.

Tennessee Valley Authority interim chairman John Ryder told the Chattanooga Times Free Press on Monday the board will look at the compensation of CEO Jeff Lyash, who made more than $8 million in 2019.

Last week, Trump called on the board to fire Lyash and pay the new CEO no more than $500,000 a year. The TVA Act requires competitive compensation with other utilities.

Trump fired TVA's former chairman and another board member last week over TVA's hiring of foreign workers. Days later, TVA rescinded a decision to lay off in-house technology workers.