ElectriCities Comments - Why secrets about our money?
Saturday, September 27, 2008 at 9:57 AM
Posted in ElectriCities
by DCN
Why secrets about our money?
http://www.wilsontimes.com/News/Local/Story/ElectriCities-CEO-does-not-get-raise--
"The 14-member board, including Wilson Mayor Bruce Rose, met in closed session to discuss Tilton's job performance as part of its annual evaluation. Rose and Noble declined to discuss any details of the evaluation or Tilton's contract, a process that is protected by state law. The board, in agreement with Tilton, was unanimous in its decision to not give Tilton a raise."
I see how the evaluation is personnel related but the contract with the details of compensation should be open. Am I right?
Back in 2000, the contract was not secret.
http://www.bizjournals.com/triangle/stories/2000/05/08/story3.html
"Friday, May 5, 2000
ElectriCities' plan blasted
Triangle Business Journal - by Karine Michael
RALEIGH ¬ A controversial $500,000 compensation plan for the top executive of the ElectriCities of North Carolina Inc. is throwing another wrench in the complicated fight over resolving the state's $5.6 billion municipal debt crisis.
Chief Executive Jesse Tilton III renegotiated his employment contract with ElectriCities' board in January, but legislators only learned of it in the past week."
Annoymous
See related:
Important post about ElectriCities of North Carolina at a glance updated 9.21.08
0 Comments | Post Comment | Email This