" WASHINGTON Tennessee Valley Authority CEO Jeff Lyash the highest-paid federal employee with a compensation package of $10.5 million per year abruptly announced Friday that he was retiring 11 days after the return to office of President Trump, who during his first term slammed Lyash's "ridiculous" pay and vowed to fire him.

"Sounds like Lyash got DOGE'd," a senior administration official told The Post, referring to Elon Musk's Department of Government Efficiency initiative to rein in allegedly wasteful federal spending."
https://nypost.com/2025/01/31/us-news/top-paid-federal-employee-leaving-10-5m-job-after-first-term-trump-said-were-getting-rid-of-him/

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$10.5 million????

I thought the highest paid person was Dr science

No federal employee should make 10.5 million bucks per year.

It's a position of service to your fellow citizens, not a charity.

It should be a hardship to be endured for just a little while until you can pass the baton

What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

Sounds like a good start.

4 said:

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No federal employee should make 10.5 million bucks per year.

It's a position of service to your fellow citizens, not a charity.

It should be a hardship to be endured for just a little while until you can pass the baton

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So a bunch of flunkies that cant hack it in the private sector?

"retiring" ...amazing how many snakes are doing this. Not resigning in protest...not moving into the private sector with all their valuable skill and experience.

Going into a tax payer pension. I hate them all.

Oh well, thank goodness Trump and team had the balls to drop the hammer. I just hope they string up the real criminals for the crimes committed.

Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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WGAS?

Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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But a private sector CEO can't be ****ing ******ed.

HTH

Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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Irrelevant.

It's government service. I doubt my measly $1,200 monthly paycheck in the US Army of the 1970s would be consistent with what a counterpart in the private sector with the same responsibilities made.

Hopefully he's investigated

Probably many other improprieties too


Sorry libs, all your favorite thief scumbags are finally getting what they deserve


MAGA

Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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If you want to run a large corporation with thousands of people reporting to you and a large compensation package in the millions, then go work for a private corporation, not the government.

Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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What is the government salary of the most powerful man in the world?

TVA has been asked to cut $1bn from their budget.

FL_Ag1998 said:

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Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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If you want to run a large corporation with thousands of people reporting to you and a large compensation package in the millions, then go work for a private corporation, not the government.

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So do we want completely incompetent people running these agencies?

If we want efficiency and effectiveness we are going to have to pay for it.

$10.5 MM holy cow that's absurd!

Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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This is a good question but you left out revenue and profit.

TVA is basically an RTO (and a terribly run one, which is neither accountable to FERC or state commissions). By comparison, the ERCOT CEO makes less than $1million.

909Ag2006 said:

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$10.5 MM holy cow that's absurd!

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TVA brings in $13 billon in revenue and loses money every year. How much would a private sector CEO need to be paid to bring an operation like that into profitably? And keep in mind, since it's a federal company you can't issue stock options as an incentive pay.

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If we want efficiency and effectiveness we are going to have to pay for it.

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Seems like paying a fraction of that $10+ million is a good first step towards achieving an efficient spending budget.

So what private sector industry do you work in that makes you so wise in the matter of efficiency & fair compensation?

Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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What difference does it make?

chap said:

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Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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This is a good question but you left out revenue and profit.

TVA is basically an RTO (and a terribly run one, which is neither accountable to FERC or state commissions). By comparison, the ERCOT CEO makes less than $1million.

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The ercots CEO had a base of $990,000. He also got a $7 million signing bonus, a larger bonus spread out over several years to make up for his last salary in the company he left, and gets performance bonuses.

It's not apples to apples.

The TVA is a huge organization, the 6th largest utility. Not sure why the CEO would not make several million dollars.

PG&E CEO made $17m last year.

It also is not your run of the mill federal organization. It is mostly funded by customers, but does get federal grants and funds mainly for large infrastructure projects.

agent-maroon said:

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If we want efficiency and effectiveness we are going to have to pay for it.

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Seems like paying a fraction of that $10+ million is a good first step towards achieving an efficient spending budget.

So what private sector industry do you work in that makes you so wise in the matter of efficiency & fair compensation?

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I know that you get what you pay for. And if you want someone to run a $13 billion a year company you're going to need to open the check book.

My preferred choice would've for the FedGov to spin off TVA as a private enterprise.

Serious question - how is he a federal employee if the TVA receives no federal funding?

agent-maroon said:

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Serious question - how is he a federal employee if the TVA receives no federal funding?

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It's still government owned so government employee. FDR's court ruled it was constitutional in the 1930's but in reality it probably isn't and shouldn't be.

Should be spun off as private.

Another creature of fellow traveler FDR and his NKVD administration staffers that we continue to live with and which makes us all poorer.

I suspect the head of the TVA actually worked and did something important.

Most government employees don't even go in to work. Fire them!

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It's still government owned so government employee.

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Then he should get paid on a government scale as a government employee rather than what he could (allegedly) make in the private sector.

What does the CEO of your employer make vs their market cap?

I know our kneejerk response is to hate every federal employee and as a federal employee that's warranted most of the time from what I've seen.

However, we want the government to be efficient and responsible with taxpayer funds while still providing services they are required to.

That takes talent and that talent costs money. Ask yourself, do the best and brightest work for the federal government or the private sector? We both know the answer to that.

So let's take something like a large regional VA health network. That's almost 800 hospital beds and 9000 employees.

What would a private admin make managing a hospital network that large? And then we turn around and wonder why the VA has trash service and can't take care of vets while wasting billions of dollars.

agent-maroon said:

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It's still government owned so government employee.

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Then he should get paid on a government scale as a government employee rather than what he could (allegedly) make in the private sector.

What does the CEO of your employer make vs their market cap?

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The GS scale for Tennessee maxes at $195,000.

What type of employee will you get for that salary to manage a $13 billion a year enterprise?

AgFormerlyInIrving said:

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Sounds like a good start.

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Yes. Its exactly where alot of fat can be found -- overpay for some when there are others that would do it probably nearly as well for far less.

I'd do it for half

Teslag said:

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FL_Ag1998 said:

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Teslag said:

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What would a private sector CEO make for a company with similar number of employees, assets, and responsibilities?

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If you want to run a large corporation with thousands of people reporting to you and a large compensation package in the millions, then go work for a private corporation, not the government.

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So do we want completely incompetent people running these agencies?

If we want efficiency and effectiveness we are going to have to pay for it.

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I'm prett'y sure this is what we're trying to fix.

The Fed workforce has been saturated with people and unnecessary positions that are a 100% ridiculous drain on our overdrawn bank account. Certainly there are great, dedicated employees in the mix and I reckon they will be identified and elevated with high-quality management. The slackers can learn to code. Also, those who are deeply involved in politics need to hit the friggin' road.

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And then we turn around and wonder why the VA has trash service and can't take care of vets while wasting billions of dollars.

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I'm familiar with the VA and don't wonder at the "why" at all. It's staffed by unmotivated employees that don't want to work as hard as their private sector peers and act on the premise that they can't be fired. Majority accept the lower pay because they're also knocking down some disability income to supplement their income.

agent-maroon said:

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And then we turn around and wonder why the VA has trash service and can't take care of vets while wasting billions of dollars.

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I'm familiar with the VA and don't wonder at the "why" at all. It's staffed by unmotivated employees that don't want to work as hard as their private sector peers and act on the premise that they can't be fired. Majority accept the lower pay because they're also knocking down some disability income to supplement their income.

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That's very true for many of the rank and file. But this isn't about them. This is about C-suite level positions. The type of jobs that need to get **** done. Those types of guys don't care about a measly $4k a month disability check.

And again I ask, what type of employee would you get for $195,000 a year to run a health network of that size?