ElectriCities CEO Jesse Tilton Under Fire

alman — Sun, 13 Jul 2008 23:03:27 -0400

http://www.rockymounttelegram.com/local/content/news/stories/2008/07/13/electricities.html

Here is the story but there is MORE

Too Bad Rand and Holliman cannot make this call.

WE NEED TO SEE SENIOR MANAGEMENT OUTRAGEOUS SALARY INCREASES NOW.

We are people with small business who want leadership and accountability. No CEO screws up like this and sits around screwing up more.

What are the staff salaries and the timing of big raises so we can see if Tilton was jacking their salary up so he could get his jacked up. The top management makes a couple million dollars. Clay Norris got 60% in increases over 5 years. People rolled in from Progress Energy and got big raises when Progress Energy let them go. Current staff have provided documentation on this - did you get the records on the millions for staff salary and increases?

Have any legislators turned in their PAC money? Seems like that would be a no brainer because of the stigma of taking money from this place now.

We need the communications with the rating agencies too. What did ElectriCities tell them and the Board and the power agency and when? The story has changed constantly. The bonds were rated ok because of the fact that ElectriCities said 9-10% increase but then suddenly 14%.

Anyone actually able to cite hospitals or airports who did this refinancing that is as screwed up as this one? Seems everyone is hiding behind the excuse “everyone did it” so we are not alone. Pretty flaky argument to tell people in cities.

I will gladly save 2% on the 14% if that is the REAL number, with someone who knows how to refinance properly and keeps the public informed. What is the issue here - these people act as if this is not the business of the people.

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ElectriCities CEO Jesse Tilton Under Fire