WASHINGTON (AP) — President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, criticizing the federal-owned corporation for hiring foreign workers.
Trump told reporters at the White House that he was formally removing chair Skip Thompson and another member of the board, and he threatened to remove other board members if they continued to hire foreign labor.
The TVA is a federally owned corporation created in 1933 to provide flood control, electricity generation, fertilizer manufacturing and economic development to the Tennessee Valley, a region that was hard hit by the Great Depression. The region covers most of Tennessee and parts of Alabama, Mississippi and Kentucky as well as small sections of Georgia, North Carolina and Virginia.
He also said the TVA board must immediately hire a new chief executive officer who “puts the interests of Americans first.” According to Trump, the CEO, Jeff Lyash, earns $8 million a year.
“The new CEO must be paid no more than $500,000 a year,” Trump said. “We want the TVA to take action on this immediately. … Let this serve as a warning to any federally appointed board: If you betray American workers, you will hear two words: ‘You’re fired.’”… more