CEO of ElectriCities - No Raise - But What about his Contract?

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.

Comments

HIGHER RATES COMING TO CITIES - THANKS JESSE TILTON

http://www.dailyadvance.com/news/ec-bracing-for-new-rate-hike-156086.html

another increase - just what we need.

Thanks Board for keeping Tilton there. He is doing one smashing BAD job. Perhaps you could ask for a bail out so you can pay him a multi million dollar parachute so he can land in another poor state and so we could repair our cities. At some point NO ONE will come to our cities due to cost. The costs will go up some more. Maybe you can take out a calculator and compute the ridiculous salaries, legal bills and nonsense you pay for at ElectriCities so you can see you need to make some cuts.

Poster child

Tilton is starting to look like a poster child for mediocrity. He's not horrible, in the sense that he's not a crook. I'm sure he's a very nice man. But he's not doing a very good job.

Nice isn't enough. Competence matters. The "return on public investment" matters. I'd gladly pay the right CEO a boatload of money to do an extraordinary job. A visionary, a careful steward. I don't see either of those qualities in this leadership.

Why is the Electricities board settling for mediocrity?



_____________________________________

Doubts about Dole?

On Line Petitions re ElectriCities' Mismanagement

Good plan James.
http://www.rockymounttelegram.com/news/electronic-petitions-call-for-electric-rate-cuts-157361.html

Many are doing them the old fashioned way, by hand and neighbor.

Tilton has raised the ire in cities for withholding information and making bad decisions. I guess that equals mediocrity. His judgment on his stunts with his staff sure don't help - raises, bonuses. And he has some staff with questionable issues. The Board may be settling for mediocrity because that is all they are familiar with.

But this place is just getting more and more people fired up.

Al Manning, retiree, native of eastern NC and proud of it, plenty of time to read, research and get annoyed about the lack of accountability in elected leaders these days. Married to a real southern lady and we live with two labs and two airedales who run