[Watchdogs] Tuesday Article by Claudia Grisales
gopheraj at wildblue.net
Tue Jul 22 06:52:56 CDT 2008
Co-op board agrees to cut its pay more than 40 percent
Pedernales directors would still earn triple the national median.
By Claudia Grisales <mailto:cgrisales at statesman.com>
Tuesday, July 22, 2008
JOHNSON CITY — More than a year after questions about excessive
compensation triggered a tumultuous time for the Pedernales Electric
Cooperative, the utility's old and new regimes joined forces Monday to
finally approve a long-awaited cut in board members' pay.
The co-op's board, which includes a minority of newcomers, voted to cut
its own average annual compensation and benefits more than 40 percent,
to $29,000. That includes an end to board members' health insurance.
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