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TVA Tightens Grip on TVARS Prior to Court Hearing

The United States Court of Appeals for the Sixth Circuit has scheduled to hear oral arguments regarding the TVARS case on January 31, 2018. See notice here. TVA has recently further tightened its grip on TVARS:
  • On October 30, 2017, the three TVA-appointed and the one lame duck elected board directors extended the term of retiree director Allen Stokes for up to a year past the expiration of his current term which ends on October 31, 2018. See meeting transcript here.
  • On November 6, 2017, the three TVA-appointed and the one retiree board directors boycott a meeting to discuss and vote on a proposed amendment to provide for the election of the retiree director by retirees.
  • On December 4, 2017, with a majority of the TVARS Board controlled by the three TVA-appointed and the retiree directors, the TVARS Board chose two TVA-appointed directors to assume the positions of Chairman and Vice-Chairman. This is the first time I can remember a TVA-appointed director holding the position of Chairman. Brian Child was selected as Chairman for the next three years, while Wilson Taylor was selected as Vice-Chairman for the next three years.

Comments

  1. DisappointedDecember 24, 2017 at 12:37 PM

    TVA intends to control the board so as to not put their agenda of reducing benefits of members in the hands of a board that will not support TVA management. What a shame and disgrace to retired members.

    ReplyDelete

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